Hedge Fund News From HedgeCo.Net


SEC Obtains Judgment Against New York Broker

(HedgeCo.Net) The U.S. District Court for the Southern District of New York has entered a settled amended final judgment against a New York-based broker who was previously charged by the SEC with defrauding retail customers.

The SEC charged Jovannie Aquino, formerly a registered representative associated with broker-dealer Windsor Street Capital, L.P., f/k/a Meyers Associates, L.P., with defrauding seven retail customers by recommending a series of frequent, short-term trades which generated large commissions for Aquino at the expense of his customers.

Aquino consented to the entry of an amended final judgment in which he is permanently enjoined from violating the antifraud provisions of Section 17(a) of the Securities Act of 1933, and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. The amended final judgment also orders Aquino to pay a $75,000 civil penalty, $568,805 in disgorgement, and $42,212 in prejudgment interest. Aquino further agreed to the entry of an SEC order, barring him from the securities industry and imposing a penny stock bar.

Related Posts Plugin for WordPress, Blogger...
This entry was posted in HedgeCo News, HedgeCo Networks Press Releases, HedgeCoVest News. Bookmark the permalink.

Leave a Reply