{"id":4471,"date":"2007-06-27T13:26:53","date_gmt":"2007-06-27T13:26:53","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2007\/06\/trading_charges_against_former"},"modified":"2021-09-20T15:40:47","modified_gmt":"2021-09-20T20:40:47","slug":"trading-charges-against-former","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/trading-charges-against-former\/","title":{"rendered":"JB Oxford Violated Late Trading Rules but Claims Against Its Former General Counsel Are Dismissed"},"content":{"rendered":"

\t\t\t\tAn SEC administrative law judge found that JB Oxford Holdings, Inc. “violated the forwarding pricing rule” when it executed trades after 4pm EST at the same day price, but found the firms former general counsel was not to blame. <\/p>\n

ALJ Robert Mahoney determined that JB Oxford Holdings was involved in over 12,000 late mutual fund trades affecting over 600 funds in violation of “forward pricing” rules but dismissed charges against Scott G. Monson, JB Oxford Holdings Inc.’s former general counsel. <\/p>\n

The SEC charges stated that seven JBOC clients were allowed to enter into transactions after market closing at prices established and Monson drafted a procedural agreement which allowed this. However, the ALJ said Monson was not to blame because he did not know what the prices were or that there was any issue regarding the legality of the trade time. <\/p>\n

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

An SEC administrative law judge found that JB Oxford Holdings, Inc. “violated the forwarding pricing rule” when it executed trades after 4pm EST at the same day price, but found the firms former general counsel was not to blame. ALJ Robert Mahoney determined that JB Oxford Holdings was involved in over 12,000 late mutual fund […]<\/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":[3799,3760],"tags":[],"class_list":["post-4471","post","type-post","status-publish","format-standard","hentry","category-mutual-funds","category-sec-enforcement"],"yoast_head":"\nJB Oxford Violated Late Trading Rules but Claims Against Its Former General Counsel Are Dismissed — Investor Lawyers Blog — June 27, 2007<\/title>\n<meta name=\"description\" content=\"An SEC administrative law judge found that JB Oxford Holdings, Inc. 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