2020-03-23 sec-litreleases complaint 670 KB 1,485 chars

SEC v. :[], No. 2:18-cv-03695 (Mar. 23, 2020) — Complaint

raw: Complaint For Violations Of The Federal Securities Laws

Complaint For Violations Of The Federal Securities Laws, No. 2:18-cv-03695 (Mar. 23, 2020)

Caption: Heeley v. C R Bard Incorporated

Exhibit of Kendricks, et al., Hamed A. Ettu

summary

The SEC brought an enforcement action against Aegis Capital Corp. for failing to implement supervisory procedures to prevent excessive trading and unsuitable recommendations.

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The SEC charged Aegis Capital Corp. with failing to maintain adequate systems to detect excessive trading and unsuitable investment recommendations for retail clients. The enforcement action sought permanent injunctions, cease-and-desist orders, and significant monetary penalties. These penalties included the disgorgement of ill-gotten gains and civil money penalties.

narrative

The U.S. Securities and Exchange Commission (SEC) initiated an enforcement action against Aegis Capital Corp. regarding significant supervisory failures. The misconduct centered on the firm's failure to implement adequate systems to detect and prevent excessive trading and unsuitable investment recommendations for retail clients. To resolve the matter, the SEC sought permanent injunctions and cease-and-desist orders against the firm. The settlement involved significant monetary penalties, including the disgorgement of ill-gotten gains. Additionally, the firm was subject to civil money penalties as part of the resolution. The case is identified under docket number 2:18-cv-03695-GEKP.

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Scheme: broker-dealer-fraud (95%)
Case No.: 2:18-cv-03695

Classified broker-dealer-fraud(confidence 95%). EDGAR detection: forms Form D· recall 29% / precision 9%. detection rule →

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Case 2:18-cv-03695-GEKP filed 08/29/18

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