SEC Charges New York-Based Firm and Supervisors for Failing to Supervise Brokers Who Defrauded Customers
June 29, 2018
June 29, 2018
WASHINGTON, June 29 -- The Securities and Exchange Commission issued the following news release:
The Securities and Exchange Commission today charged New York-based broker-dealer Alexander Capital L.P. and two of its managers for failing to supervise three brokers who made unsuitable recommendations to investors, "churned" accounts, and made unauthorized trades that resulted in substantial losses to the firm's customers while generating large commissions for the broke . . .
The Securities and Exchange Commission today charged New York-based broker-dealer Alexander Capital L.P. and two of its managers for failing to supervise three brokers who made unsuitable recommendations to investors, "churned" accounts, and made unauthorized trades that resulted in substantial losses to the firm's customers while generating large commissions for the broke . . .