{"id":4609,"date":"2008-05-15T12:38:04","date_gmt":"2008-05-15T12:38:04","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2008\/05\/former_brokerdealer_chanin_cap"},"modified":"2021-09-20T15:42:29","modified_gmt":"2021-09-20T20:42:29","slug":"former-brokerdealer-chanin-cap","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/former-brokerdealer-chanin-cap\/","title":{"rendered":"Former Broker-Dealer Chanin Capital Settles SEC Charges That It Failed to Set Up Proper Insider Policies and Processes"},"content":{"rendered":"<p>\t\t\t\tFormer broker-dealer Chanin Capital LLC says it will pay a $75,000 fine to settle Securities and Exchange Commission charges that it failed to set up procedures and policies to prevent employees and others from misusing inside information. The firm&#8217;s compliance officer at the time, A. Carlos Martinez, agreed to cease and desist from further violations and to pay $25,000 in a related SEC administrative proceeding.<\/p>\n<p>According to the SEC, from January 1999 through September 2003, Chanin did nothing to enforce the policies it had designed to prevent others from misusing its material nonpublic data. The former broker-dealer showed an improvement in honoring its own polices after September 2003 and even revised its compliance procedures twice. However, the SEC says that Chanin still lacked the necessary policies and procedures to maintain and enforce its revised compliance program. <\/p>\n<p>The SEC says that Martinez aided and abetted Chanin&#8217;s violations because the compliance officer was in charge of putting into place and enforcing the broker-dealer&#8217;s insider trading and compliance policies. <\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/former-brokerdealer-chanin-cap\/\"  title=\"Continue Reading Former Broker-Dealer Chanin Capital Settles SEC Charges That It Failed to Set Up Proper Insider Policies and Processes\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Former broker-dealer Chanin Capital LLC says it will pay a $75,000 fine to settle Securities and Exchange Commission charges that it failed to set up procedures and policies to prevent employees and others from misusing inside information. The firm&#8217;s compliance officer at the time, A. Carlos Martinez, agreed to cease and desist from further violations [&hellip;]<\/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":[3811],"tags":[],"class_list":["post-4609","post","type-post","status-publish","format-standard","hentry","category-insider-trading"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Former Broker-Dealer Chanin Capital Settles SEC Charges That It Failed to Set Up Proper Insider Policies and Processes &#8212; Investor Lawyers Blog &#8212; May 15, 2008<\/title>\n<meta name=\"description\" content=\"Former broker-dealer Chanin Capital LLC says it will pay a $75,000 fine to settle Securities and Exchange Commission charges that it failed to set up &#8212; May 15, 2008\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/former-brokerdealer-chanin-cap\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Former Broker-Dealer Chanin Capital Settles SEC Charges That It Failed to Set Up Proper Insider Policies and Processes &#8212; 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Investor Lawyers Blog &#8212; May 15, 2008","twitter_description":"Former broker-dealer Chanin Capital LLC says it will pay a $75,000 fine to settle Securities and Exchange Commission charges that it failed to set up &#8212; May 15, 2008","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/former-brokerdealer-chanin-cap\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/former-brokerdealer-chanin-cap\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"Former Broker-Dealer Chanin Capital Settles SEC Charges That It Failed to Set Up Proper Insider Policies and Processes","datePublished":"2008-05-15T12:38:04+00:00","dateModified":"2021-09-20T20:42:29+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/former-brokerdealer-chanin-cap\/"},"wordCount":286,"articleSection":["Insider Trading"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/former-brokerdealer-chanin-cap\/","url":"https:\/\/www.investorlawyers.com\/blog\/former-brokerdealer-chanin-cap\/","name":"Former Broker-Dealer Chanin Capital Settles SEC Charges That It Failed to Set Up Proper Insider Policies and Processes &#8212; 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