Enforcement News: Cherry-Picking Scheme Back In The News
By EsqSocial Corporation 23/12/24
Two weeks ago, this Blog wrote about an enforcement action involving an investment adviser’s former co-chief investment officer who had been charged with running a more than $600 million cherry-picking scheme (here). Today, this Blog examines another enforcement action involving a former investment adviser representative, charged with engaging in a fraudulent trade allocation scheme – i.e., cherry-picking scheme – wherein he benefitted himself in the amount of approximately $170,000.00 in net...
By: Freiberger Haber LLP