{"id":4603,"date":"2008-04-30T01:34:31","date_gmt":"2008-04-30T01:34:31","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2008\/04\/exsouthwest_brokers_found_liab"},"modified":"2021-09-20T15:42:28","modified_gmt":"2021-09-20T20:42:28","slug":"exsouthwest-brokers-found-liab","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/exsouthwest-brokers-found-liab\/","title":{"rendered":"Ex-Southwest Brokers Found Liable for Concealing Market Timing Trades"},"content":{"rendered":"

\t\t\t\tThe U.S. District Court for the Northern District of Texas says that two ex-Southwest Securities Inc. brokers acted fraudulently when they purposely tried to circumvent policies designed to prevent market timing trades. The Securities and Exchange Commission had brought the case against the two men.<\/p>\n

The brokers were aleged to have violated Act’s Section 10(b) and Rule 10b-5. <\/p>\n

The court also found one culpable under the act’s antifraud provisions and ordered him to disgorge $56,640.67 in commissions. The court also ordered a $50,000 civil penalty and granted the SEC’s request for injunctive relief. <\/p>\n

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

The U.S. District Court for the Northern District of Texas says that two ex-Southwest Securities Inc. brokers acted fraudulently when they purposely tried to circumvent policies designed to prevent market timing trades. The Securities and Exchange Commission had brought the case against the two men. The brokers were aleged to have violated Act’s Section 10(b) […]<\/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":[3774,3842],"tags":[],"class_list":["post-4603","post","type-post","status-publish","format-standard","hentry","category-broker-dealers","category-southwest-securities"],"yoast_head":"\nEx-Southwest Brokers Found Liable for Concealing Market Timing Trades — Investor Lawyers Blog — April 30, 2008<\/title>\n<meta name=\"description\" content=\"The U.S. District Court for the Northern District of Texas says that two ex-Southwest Securities Inc. brokers acted fraudulently when they purposely tried — April 30, 2008\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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