SEC的市场时机违反AG Edwards＆Sons Inc.主管和经纪人

The US Securities and Exchange Commission is upholding the market timing violations against two AG Edwards and Sons Inc. supervisors and one of its stockbrokers. Billions of dollars were involved in the mutual fundmarket timing交易。

While market timing, which involves the buying and selling of mutual fund shares in a manner that takes advantage of price inefficiencies, is not illegal, a violation of 1934 Securities Exchange Act Section 10(b) and Rule 10b-5. can arise when there is intent to deceive.

Last year, the ALJ found that AG Edwards and Sons brokers Charles Sacco and Thomas Bridge intentionally violated antifraud provisions when they engaged in market timing activities even though they had been restricted from doing so. The ALJ also found that supervisors Jeffrey Robles and James Edgefailed to properly supervisethe stockbrokers.

The antifraud charges filed against Bridge by the SEC Enforcement Division involved 1,352 trades (representing $1.126 billion) he executed over a two-year period for companies belonging to client Martin Oliner. The Enforcement Division accused Sacco of entering 25,533 market timing trades (representing $4.036 billion) for two hedge fund clients between 5/02 – 9/03.

SEC确定Edge是Bridge的主管，他知道并在后者的行动中是同谋。尽管罗伯斯没有被认为是萨科所谓的同谋broker fraud委员会说，他应该注意到存在问题。

The SEC ordered Bridge to cease and desist from future violations. He is also barred from associating with any dealers or brokers for five years. Sacco has already settled his broker-fraud case.

Edge被禁止在任何经销商或经纪人中担任监督角色五年。罗伯斯（Robles）获得了持续三年的类似酒吧。这三名男子被命令支付罚款，而布里奇则被命令将近39,000美元的罚款加上$ 16,665.57的前裁决。

Related Web Resources:
Read the SEC’s Opinion regarding this matter

Commission Sanctions Thomas C. Bridge for Violations of the Antifraud Provisions of the Securities Laws and James D. Edge and Jeffrey K. Robles for Failing to Supervise Reasonably, Trading Markets, September 29, 2009
Contact ourbroker fraud law firmif you think you suffered investment losses because a stockbroker or broker-dealer was negligent.