Examinations Enforcement: Settlement

Between 2006 and 2012, Diversified and its principal officers, Havanich, DellaSala, and Welch, raised at least $17.4 million from approximately 440 investors nationwide through a series ...

The investment adviser’s failure to disclose to clients the terms of certain compensation arrangements whereby the adviser received payments from third parties that were calculated ...

Okin was Executive Vice President of Oppenheimer & Co. Inc., serving as the Head of the Private Client Division, Oppenheimer’s retail brokerage division, which included ...

Red flags that broker-dealers should be on the alert for in order to identify possible illegal unregistered distributions, including: (1) a customer opens a new ...

When brokers are presented with red flags indicating that a customer could be potentially engaging in an unlawful distribution of securities, brokers are required to ...

The Commission’s complaint alleged, among other things, that on four separate occasions between March 2009 and April 2012, Eracleous engaged in insider trading. In particular, on ...

The Commission’s complaint alleged, among other things, that on four separate occasions between March 2009 and April 2012, Wiegand engaged in insider trading. In particular, on ...

Holdman provided falsified monthly statements to investors detailing the balance of their accounts and monthly and year to date return on their investments. From approximately ...

Hallums pled guilty to, and was convicted of, making a false statement in connection with the sale of a security, and grand theft of personal ...

These proceedings arise from OZ Management, a registered investment adviser, providing inaccurate trade data to four of its prime brokers. The inaccurate data became part ...