Trading

A thirty-year tenure at a firm is rare these days and tends to gain the employee a certain amount of leeway.  But for Wedbush Securities ...

Wedbush failed reasonably to supervise one of its registered representatives, Timary Delorme (“Delorme”), who engaged in manipulative trading activity of penny stocks over multiple years, ...

Delorme and her husband became involved in Englebrecht’s microcap securities scheme. Engelbrecht engaged in manipulative trading using the stocks of several microcap issuers that he ...

The amount of FINRA fines, sanctions, cases, and industry bars were all down in 2017 when compared with the prior year, according to the recent ...

An SEC enforcement initiative aimed at combatting “cherry-picking” continues to bear fruit. The initiative—led by the Commission’s Los Angeles Regional Office—has now yielded a fourth ...

The plan was to deposit large blocks of microcap stock into brokerage accounts, drive up the stock price through promotions, manipulate the stock’s price and ...

This proceeding arises out of a fraudulent “cherry-picking” scheme carried out by Valor Capital Asset Management, LLC (“Valor”) and its principal, Robert Mark Magee (“Magee”) ...

The complaint alleged that, during the Period, Respondents executed improper trades across the funds that benefitted certain clients at the expense of other clients. The ...

The complaint alleges that for more than four years, Bronson traded securities in Strong's omnibus account but delayed allocating the securities to specific client accounts ...

The SEC’s FY 2019 budget request tackles a three years running flat budget and two-year hiring freeze in a bid to stay on top of ...