{"id":1497,"date":"2014-08-11T13:20:15","date_gmt":"2014-08-11T13:20:15","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2014\/08\/tells_js_oliver_capital_to_pay"},"modified":"2022-03-11T13:24:09","modified_gmt":"2022-03-11T19:24:09","slug":"tells-js-oliver-capital-to-pay","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/tells-js-oliver-capital-to-pay\/","title":{"rendered":"SEC Tells J.S. Oliver Capital to Pay $15M for Alleged Cherry-Picking Scam"},"content":{"rendered":"

\t\t\t\tSEC Chief Administrative law judge Brenda Murray has fined J.S. Oliver Capital Management $15 million for securities violations <\/a>and breach of fiduciary duty related to an alleged cherry-picking scam<\/a> that bilked clients of approximately $10.9 million. The registered investment adviser must also pay $1.4 million in disgorgement.<\/p>\n

According to the regulator, the RIA awarded profitable trades to hedge funds associated with the firm, while other clients, including a charitable foundation and a widow, were given the less profitable trades that resulted in major losses. These hedge funds that benefited were those in which J.S. Oliver founder Ian Oliver Mausner was an investor. Mausner is also accused of using soft-dollar commissions inappropriately.<\/p>\n

Mausner continues to deny the SEC charges. He claims that the profitable trades were disproportionately allocated because of market volatility and that clients’ investment goals played a part.<\/p>\n

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

SEC Chief Administrative law judge Brenda Murray has fined J.S. Oliver Capital Management $15 million for securities violations and breach of fiduciary duty related to an alleged cherry-picking scam that bilked clients of approximately $10.9 million. The registered investment adviser must also pay $1.4 million in disgorgement. According to the regulator, the RIA awarded profitable […]<\/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":[3760,3741],"tags":[],"class_list":["post-1497","post","type-post","status-publish","format-standard","hentry","category-sec-enforcement","category-securities-fraud"],"yoast_head":"\nSEC Tells J.S. Oliver Capital to Pay $15M for Alleged Cherry-Picking Scam — Investor Lawyers Blog — August 11, 2014<\/title>\n<meta name=\"description\" content=\"SEC Chief Administrative law judge Brenda Murray has fined J.S. Oliver Capital Management $15 million for securities violations and breach of fiduciary — August 11, 2014\" \/>\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\/tells-js-oliver-capital-to-pay\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"SEC Tells J.S. Oliver Capital to Pay $15M for Alleged Cherry-Picking Scam — Investor Lawyers Blog — August 11, 2014\" \/>\n<meta name=\"twitter:description\" content=\"SEC Chief Administrative law judge Brenda Murray has fined J.S. 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