{"id":1238,"date":"2013-04-24T16:07:42","date_gmt":"2013-04-24T16:07:42","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2013\/04\/three_cedar_brook_financial_pa"},"modified":"2022-03-10T16:33:55","modified_gmt":"2022-03-10T22:33:55","slug":"three-cedar-brook-financial-pa","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/three-cedar-brook-financial-pa\/","title":{"rendered":"Three Cedar Brook Financial Partners Brokers\u2019 Licenses Are Suspended Over Allegedly False &#038; Misleading Statements About Subprime Mortgage-Backed Security IMH Fund and Medical Capital Holdings Inc."},"content":{"rendered":"<p>\t\t\t\tRegulators have suspended the securities licenses of Cedar Brook Financial Partners   brokers Howard Slater and Michael Perlmuter and firm executive Azim Nakhooda in the wake of allegations that they issued false statements about Medical Capital Holdings Inc. and the IMH Fund, a <a href=\"https:\/\/www.stockbroker-fraud.com\">subprime mortgage-backed security<\/a>. The sanctions are part of the settlements they reached with the Financial Industry Regulatory Authority.<\/p>\n<p>According to the SRO, Slater, Perlmuter, and Nakhooda also allegedly modified three customer accounts to show false net worth information. Inflating the account balances on paper made the areas of the clients&#8217; portfolios that were in risky funds drop below Cedar Brook&#8217;s guidelines that such investments are not to go up over 20% of a person&#8217;s holdings. Inaccurate statements were purportedly made via email. <\/p>\n<p>All three men agreed to settle the FINRA allegations without denying or admitting the allegations. As part of their agreements, Perlmutter will pay a $40,000 fine and serve an eight-month suspension. Slater is suspended for five months and will pay $30,000. <\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/three-cedar-brook-financial-pa\/\"  title=\"Continue Reading Three Cedar Brook Financial Partners Brokers\u2019 Licenses Are Suspended Over Allegedly False &#038; Misleading Statements About Subprime Mortgage-Backed Security IMH Fund and Medical Capital Holdings Inc.\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Regulators have suspended the securities licenses of Cedar Brook Financial Partners brokers Howard Slater and Michael Perlmuter and firm executive Azim Nakhooda in the wake of allegations that they issued false statements about Medical Capital Holdings Inc. and the IMH Fund, a subprime mortgage-backed security. The sanctions are part of the settlements they reached with [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3864],"tags":[],"class_list":["post-1238","post","type-post","status-publish","format-standard","hentry","category-subprime-mortgage"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Three Cedar Brook Financial Partners Brokers\u2019 Licenses Are Suspended Over Allegedly False &amp; Misleading Statements About Subprime Mortgage-Backed Security IMH Fund and Medical Capital Holdings Inc. &#8212; Investor Lawyers Blog &#8212; April 24, 2013<\/title>\n<meta name=\"description\" content=\"Regulators have suspended the securities licenses of Cedar Brook Financial Partners brokers Howard Slater and Michael Perlmuter and firm executive Azim &#8212; April 24, 2013\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/three-cedar-brook-financial-pa\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Three Cedar Brook Financial Partners Brokers\u2019 Licenses Are Suspended Over Allegedly False &amp; Misleading Statements About Subprime Mortgage-Backed Security IMH Fund and Medical Capital Holdings Inc. &#8212; Investor Lawyers Blog &#8212; April 24, 2013\" \/>\n<meta name=\"twitter:description\" content=\"Regulators have suspended the securities licenses of Cedar Brook Financial Partners brokers Howard Slater and Michael Perlmuter and firm executive Azim &#8212; April 24, 2013\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Three Cedar Brook Financial Partners Brokers\u2019 Licenses Are Suspended Over Allegedly False & Misleading Statements About Subprime Mortgage-Backed Security IMH Fund and Medical Capital Holdings Inc. &#8212; 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