{"id":1261,"date":"2013-06-01T11:46:40","date_gmt":"2013-06-01T11:46:40","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2013\/06\/stock_trader_faces_front_runni"},"modified":"2022-03-10T16:36:08","modified_gmt":"2022-03-10T22:36:08","slug":"stock-trader-faces-front-runni","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/stock-trader-faces-front-runni\/","title":{"rendered":"Stock Trader Faces Front Running Charges In Alleged $1.7M Texas Securities Fraud"},"content":{"rendered":"

\t\t\t\tThe SEC has filed Texas securities fraud charges <\/a>against Daniel Bergin, a Dallas-based Cushing MLP Asset Management LP senior equity trader. Bergin is accused of front running, insider trading, and failing to notify his employer of certain trades. <\/p>\n

According to the regulator, Bergin, who was a primary equity trader at the Swank Capital-owned registered investment advisory firm), allegedly made at least $1.7 million in profits in trading securities before making large orders of the same securities for Cushing customers. He purportedly used accounts that were registered in the name of Jacqueline Zaun, his wife, to make the personal trades. The Commission has named her as a relief defendant. <\/p>\n

SEC Enforcement Division’s Asset Management Unit Marshall S. Sprung says that Bergin breached clients’ trust by secretly using data about their trades to garner an unfair advantage for himself and make massive profits. (As a Cushing, employee, Bergin had access to information about the trades (and their timing) that the RIA made for clients. <\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

The SEC has filed Texas securities fraud charges against Daniel Bergin, a Dallas-based Cushing MLP Asset Management LP senior equity trader. Bergin is accused of front running, insider trading, and failing to notify his employer of certain trades. According to the regulator, Bergin, who was a primary equity trader at the Swank Capital-owned registered investment […]<\/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":[3781,3750],"tags":[2607],"class_list":["post-1261","post","type-post","status-publish","format-standard","hentry","category-investment-advisers","category-texas-securities-fraud","tag-front-running"],"yoast_head":"\nStock Trader Faces Front Running Charges In Alleged $1.7M Texas Securities Fraud — Investor Lawyers Blog — June 1, 2013<\/title>\n<meta name=\"description\" content=\"The SEC has filed Texas securities fraud charges against Daniel Bergin, a Dallas-based Cushing MLP Asset Management LP senior equity trader. 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Bergin is — June 1, 2013\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards & Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Stock Trader Faces Front Running Charges In Alleged $1.7M Texas Securities Fraud — Investor Lawyers Blog — June 1, 2013","description":"The SEC has filed Texas securities fraud charges against Daniel Bergin, a Dallas-based Cushing MLP Asset Management LP senior equity trader. 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