Estimated reading time: 0 minutes, 19 seconds

Advisor Slapped with $15 Million Fine for Cherry Picking Trades

J.S. Oliver Capital Management of San Diego has been hit with a $15 million fine over charges by the Securities and Exchange Commission that it cherry picked trades and misappropriated clients’ money. So reports the Associated Press.

The regulator says the firm directed its most profitable trades to favored clients at the expense of other accounts.

Read the full article from the Associated Press.

Read 5648 times
Rate this item
(0 votes)

Visit other PMG Sites:

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.