SEC Nabs 3 Brokers for Excessive Trading

The Securities and Exchange Commission charged three New York-based brokers with making unsuitable recommendations that resulted in substantial losses to customers and hefty commissions for the brokers. One of the brokers agreed to pay more than $400,000 to settle the charges. An SEC examination of the firm Alexander Capital L.P. detected potential misconduct among certain brokers,… Please follow and like us:

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