SEC, FINRA Enforcement Roundup: $268M Insider Trading Scheme Busted
Insider trading, accounting violations, unsuitable and excessive trading charges, phony penny-stock investment
Charges of insider trading in a secondary stock offering, accounting violations, insider trading around an acquisition and efforts by a phony company president to push a fake penny-stock investment were among enforcement actions taken by the SEC, while FINRA censured and fined a firm for a registered representative’s unsuitable and excessive trading in client accounts.