Tag Archives: Your Duties

SEC Failure to Supervise, Protect

On Jun. 29, SEC charged broker with failure to protect customers. Alexander Capital and 2 managers failed to supervise 3 brokers for client fraud. Alleged Violations Managers Philip Noto II, Barry Eisenberg, ignored red flags on excessive trading. Noto had failied to supervise two brokers and Eisenberg failed to supervise one. Did not reasonably oversee William…
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