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TRENDING TAGS
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- Sarah ten Siethoff is New Associate Director of SEC Investment Management Rulemaking Office
- Catherine Keating Appointed CEO of BNY Mellon Wealth Management
- Credit Suisse to Pay $47Mn to Resolve DOJ Asia Probe
- SEC Chair Clayton Goes 'Hat in Hand' Before Congress on 2019 Budget Request
- SEC's Opening Remarks to the Elder Justice Coordinating Council
- Massachusetts Jury Convicts CA Attorney of Securities Fraud
- Deutsche Bank Says 3 Senior Investment Bankers to Leave Firm
- World’s Biggest Hedge Fund Reportedly ‘Bearish On Financial Assets’
- SEC Fines Constant Contact, Popular Email Marketer, for Overstating Subscriber Numbers
- SocGen Agrees to Pay $1.3 Billion to End Libya, Libor Probes
- Cryptocurrency Exchange Bitfinex Briefly Halts Trading After Cyber Attack
- SEC Names Valerie Szczepanik Senior Advisor for Digital Assets and Innovation
- SEC Modernizes Delivery of Fund Reports, Seeks Public Feedback on Improving Fund Disclosure
- NYSE Says SEC Plan to Limit Exchange Rebates Would Hurt Investors
- Deutsche Bank faces another challenge with Fed stress test
- Former JPMorgan Broker Files racial discrimination suit against company
- $3.3Mn Winning Bid for Lunch with Warren Buffett
- Julie Erhardt is SEC's New Acting Chief Risk Officer
- Chyhe Becker is SEC's New Acting Chief Economist, Acting Director of Economic and Risk Analysis Division
- Getting a Handle on Virtual Currencies - FINRA
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FYI - SEC Settles with Former CEO of Credit Bancorp
The former CEO of Credit Bancorp (who also served as a Registered Rep with its affiliated broker-dealer), having earlier this year satisfied his financial obligations pertaining to criminal charges arising out of his association with the B/D, reached a settlement with the SEC on related civil charges.
As part of his settlement with the SEC, the individual is barred from associating with any broker or dealer. [SEC Exchange Act Release 63801, 1/31/11]
Criminal Conviction. The individual had pleaded guilty to 3 counts of securities fraud and fraud by wire, radio or television, and on 6/24/05 and was sentenced to 72 months in prison, followed by 3 years of supervised release, and ordered to pay $18.1 million in restitution. That last obligation was deemed satisfied on 1/19/08.
According to the SEC, the individual, while serving as a Registered Rep, defrauded investors and obtained money and property by means of materially false and misleading statements.
