August 13, 2020/US SEC The Securities and Exchange Commission today announced that SCF Investment Advisors, Inc. (SCF) has agreed to settle charges that it selected mutual funds and cash sweep money market funds for clients that provided undisclosed revenue to the firm’s affiliated broker-dealer and were more expensive than other […]
Frauds & Scandals
SEC Charges Broker with Defrauding Customers
August 13, 2020/US SEC The Securities and Exchange Commission today announced charges against Ross Barish, a registered representative at Joseph Stone Capital, LLC, a broker-dealer located in Mineola, New York, for defrauding sixteen retail customers. The SEC’s complaint alleges that Barish engaged in a high-cost, in-and-out trading strategy in customer […]
SEC Charges Hertz’s Former CEO With Aiding and Abetting Company’s Financial Reporting and Disclosure Violations
August 13, 2020/US SEC The Securities and Exchange Commission today charged former Hertz CEO and Chairman Mark Frissora with aiding and abetting the company in its filing of inaccurate financial statements and disclosures. Frissora has agreed to settle the charges and repay Hertz nearly $2 million in incentive-based compensation. The […]
