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Trade Allocation

Channing did not disclose to all affected Clients that some Clients in certain block trades paid a lower commission rate than other Clients who participated ...
This P&P comes courtesy of Michelle Jacko, CEO of Core Compliance and Jacko Law Group in San Diego.
Financial Sherpa and its sole principal are now carrying the heavy weight of an SEC enforcement action and industry bar tied to a cherry-picking scheme ...
The SEC regularly touts its ever increasing, enhanced ability to analyze big data. That prowess with utilizing data analysis to detect suspicious trading patterns has ...
BKS Advisors had a compliance manual that included a “Block Order Allocation” policy aimed at preventing unfair trade allocations.  But that policy didn’t prevent long ...
This proceeding arises from Freeman’s “cherry-picking” of profitable trades to benefit himself. From at least July 17, 2012, through mid-September 2013 (the “relevant period”), Freeman ...
First, he allocated favorable purchases to his personal accounts, while allocating losing trades to HFS client accounts. Typically, after purchasing a block of securities through ...
He carried out his fraudulent scheme by trading in an omnibus account and delaying allocation of those trades to a specific account until he had ...
A peer passes on the firm's P&Ps for allocating fixed income trades.
A sentence has been handed down in a cherry-picking case that highlighted the SEC’s ever-increasing power to analyze trade data to detect suspicious trading patterns. ...
A peer shares a sample trade allocation policy.
If you don’t run the numbers in helping to ensure fair trading allocations, know OCIE will. A new cherry-picking enforcement action again stresses that your ...
Balter allocated a disproportionate number of profitable trades to his own accounts and a disproportionate number of unprofitable trades to client accounts, thereby profiting from ...
These proceedings arise out of breaches of fiduciary duty by Katz in connection with his purchases and recommendations of mutual fund shares for advisory clients. ...
These proceedings arise out of breaches of fiduciary duty, inadequate disclosures, and deficiencies in compliance policies and procedures by Credit Suisse. Between January 1, 2009 ...
The SEC's complaint alleges that Breton and Strategic Capital Management, LLC defrauded clients out of more than $1.3 million. Breton allegedly placed trades through a ...
The Commission’s complaint alleged that, from at least January 2010 through March 2016, Breton defrauded at least 30 of SCM’s clients by allocating profitable trades ...
From at least January 2010 to at least August 2014, TPG and Phillips unfairly and systematically allocated profitable trades to a set of accounts while ...
Allegedly reaping over a half-million dollars in ill-gotten gains by “cherry-picking” profitable trades and “double-dipping” on fees has resulted in SEC fraud charges against an ...
Every quarter for the last decade, Jonathan Kaufman has been “getting my fingers” dirty combing and assembling his firm’s trading data to look for trends ...
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