{"id":35,"date":"2007-01-09T06:41:58","date_gmt":"2007-01-09T06:41:58","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2007\/01\/stockbrokers_for_hampton_porte"},"modified":"2021-09-20T15:41:11","modified_gmt":"2021-09-20T20:41:11","slug":"stockbrokers-for-hampton-porte","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/stockbrokers-for-hampton-porte\/","title":{"rendered":"Hampton Porter Investment Bankers’s Stockbrokers, Convicted For Securities Fraud In Pump-And-Dump Scheme, To Be Sentenced This Year"},"content":{"rendered":"

\t\t\t\tIn California, four stockbrokers who were convicted for securities fraud and conspiracy because of their roles in a “pump-and-dump” scheme that cost investors over $5 million will be sentenced this year.<\/p>\n

According to the U.S. Attorney’s Office, the four men worked for Hampton Porter Investment Bankers LLC, a San Diego-based company that failed to disclose the company’s financial interests in certain stocks when it sold these particular stocks to clients.<\/p>\n

Hampton Porter allegedly held sales meetings where co-owner John Laurienti and former Hampton Porter retail manager James Green pressured brokers to sell “house stocks.” Brokers who sold these stocks were paid “special incentive” compensation that customers didn’t know about. Hampton Porter also had a “no net-sales” policy that prevented customers from selling their house stocks’ shares because brokers delayed or failed to make sell orders. Brokers from Hampton Porter also engaged in cross-trading, which consists of selling one client’s shares to another client.<\/p>\n

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

In California, four stockbrokers who were convicted for securities fraud and conspiracy because of their roles in a “pump-and-dump” scheme that cost investors over $5 million will be sentenced this year. According to the U.S. Attorney’s Office, the four men worked for Hampton Porter Investment Bankers LLC, a San Diego-based company that failed to disclose […]<\/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":[3741],"tags":[],"class_list":["post-35","post","type-post","status-publish","format-standard","hentry","category-securities-fraud"],"yoast_head":"\nHampton Porter Investment Bankers's Stockbrokers, Convicted For Securities Fraud In Pump-And-Dump Scheme, To Be Sentenced This Year — Investor Lawyers Blog — January 9, 2007<\/title>\n<meta name=\"description\" content=\"In California, four stockbrokers who were convicted for securities fraud and conspiracy because of their roles in a "pump-and-dump" scheme that cost — January 9, 2007\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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