Anthony@Pacific & TRUTHSEEKER Expose Crims & Scammers!!! Message Board

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Strategies & Market Trends : Anthony@Pacific & TRUTHSEEKER Expose Crims & Scammers!!!

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To: Cautious_Optimist who wrote (5505)	8/12/2014 12:49:14 PM
From: ravenseye	of 5673

Sec news a few days before the lawsuit dated 5/28/14: sec.gov SEC Announces Charges Against Four Former Officials at Clearing Firm Penson Financial Services for Regulation SHO Violations FOR IMMEDIATE RELEASE 2014-101 Washington D.C., May 19, 2014 sec.gov SEC order against Delaney and Yancey sec.gov SEC order against Johnson sec.gov SEC order against Wetzig Sec news a few days after the lawsuit dated 5/28/14: sec.gov SEC Announces Charges Against Wedbush Securities and Two Officials for Market Access Violations FOR IMMEDIATE RELEASE 2014-115 Washington D.C., June 6, 2014… sec.gov …3. As alleged below, Wedbush failed to adopt and implement risk management controls that were reasonably designed to ensure compliance with applicable regulatory requirements—such as those for preventing naked short sales, wash trades, manipulative layering and money laundering. Wedbush’s failure to adopt and implement such controls came after communications by the Commission’s staff through an examination deficiency letter and in face-to-face meetings regarding Wedbush’s compliance procedures whereby the staff informed Wedbush of compliance shortcomings and significant compliance concerns, particularly the access provided to unknown overseas traders. By nonetheless failing to adopt and implement the necessary risk management controls, Wedbush willfully violated the Market Access Rule, while Bell and Fillhart caused Wedbush’s violation of the Rule by virtue of their responsibilities at the firm and their participation in communications with the Commission’s staff. …

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