{"id":4493,"date":"2007-07-10T10:27:40","date_gmt":"2007-07-10T10:27:40","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2007\/07\/former_trautman_wasserman_exec_1"},"modified":"2021-09-20T15:41:40","modified_gmt":"2021-09-20T20:41:40","slug":"former-trautman-wasserman-exec-1","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/former-trautman-wasserman-exec-1\/","title":{"rendered":"Former Trautman Wasserman Executive is Latest to be Fined in Widespread Late Trading Scandal"},"content":{"rendered":"

\t\t\t\tThe former chief administrative officer of Trautman Wasserman & Co. Inc. agreed to pay a $50,000 fine to settle SEC administrative charges he helped facilitate a scheme to engage in late-trading in mutual funds shares on behalf of certain favored customers and for the firm’s own account. <\/p>\n

The man who once served as TWCO’s “de facto chief compliance officer” consented, without either admitting or denying wrongdoing, to be barred from the securities industry, cease and desist from future violations and cooperate in the SEC’s investigation.<\/p>\n

Earlier this year, the SEC charged the executive, TWCO and five of its other officials over their alleged roles in the scheme. The SEC claims included that he and two others he supervised thwarted efforts by mutual fund companies to curtail excessive timing. <\/p>\n

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

The former chief administrative officer of Trautman Wasserman & Co. Inc. agreed to pay a $50,000 fine to settle SEC administrative charges he helped facilitate a scheme to engage in late-trading in mutual funds shares on behalf of certain favored customers and for the firm’s own account. The man who once served as TWCO’s “de […]<\/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":[3826,3760],"tags":[],"class_list":["post-4493","post","type-post","status-publish","format-standard","hentry","category-fraudulent-trading","category-sec-enforcement"],"yoast_head":"\nFormer Trautman Wasserman Executive is Latest to be Fined in Widespread Late Trading Scandal — Investor Lawyers Blog — July 10, 2007<\/title>\n<meta name=\"description\" content=\"The former chief administrative officer of Trautman Wasserman & Co. 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