| Federal Tipoffs Involving South Carolina Newsletter for Monday December 16, 2024 ( 1 items ) |
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SEC Charges Former Representative of Advisory Firm SeaCrest With Cherry-Picking
WASHINGTON, Dec. 14 -- The Securities and Exchange Commission issued the following news release on Dec. 12, 2024:
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Firm settles SEC charges related to former employee's misconduct
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The Securities and Exchange Commission today charged Eric Cobb of South Carolina with engaging in a fraudulent scheme where he allocated profitable securities trades to favored accounts and unprofitable trades to disfavored clients, a practice known as cherry-picking, while he was a representative of inv
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