{"id":4429,"date":"2007-05-24T14:04:47","date_gmt":"2007-05-24T14:04:47","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2007\/05\/sec_allegations_against_broker_1"},"modified":"2022-03-25T14:28:59","modified_gmt":"2022-03-25T19:28:59","slug":"sec-allegations-against-broker-1","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/sec-allegations-against-broker-1\/","title":{"rendered":"SEC Allegations Against Broker Accused of Fraudulent Trading Scheme Involving Archer Alexander Securities Corp. Will Not Be Dismissed, Says Court"},"content":{"rendered":"

A Securities and Exchange Commission action against Jamie Solow, a former stockbroker who is accused of allegedly taking part in a fraudulent trading scheme involving unsuitable and risky securities, including collateralized mortgage obligations, will not be dismissed, says the U.S. District Court for the Southern District of Florida.<\/p>\n

According to the court, the SEC’s antifraud charges satisfied a “level of specificity” for this type of pleading’s particularity requirements. The complaint also gives Solow proper notice of the claims (and their basis) that he aided and abetted Archer Alexander Securities Corp. in their violation of securities laws.<\/p>\n

The court has also said that Archer allegedly committed records and books violations and did not comply with FOCUS reporting requirements. The court says that since Solow knew that his conduct was improper, and because he was a registered Archer representative, the firm was obligated to maintain proper records.<\/p>\n

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

A Securities and Exchange Commission action against Jamie Solow, a former stockbroker who is accused of allegedly taking part in a fraudulent trading scheme involving unsuitable and risky securities, including collateralized mortgage obligations, will not be dismissed, says the U.S. District Court for the Southern District of Florida. According to the court, the SEC’s antifraud […]<\/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":[3801],"tags":[],"class_list":["post-4429","post","type-post","status-publish","format-standard","hentry","category-sec"],"yoast_head":"\nSEC Allegations Against Broker Accused of Fraudulent Trading Scheme Involving Archer Alexander Securities Corp. 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