{"id":6556,"date":"2018-09-25T16:30:22","date_gmt":"2018-09-25T16:30:22","guid":{"rendered":"http:\/\/www.investorlawyers.com\/?p=6556"},"modified":"2018-09-25T16:30:22","modified_gmt":"2018-09-25T16:30:22","slug":"two-former-meyers-associates-alleged-excessive-trading-cost-investors-3-6m","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/two-former-meyers-associates-alleged-excessive-trading-cost-investors-3-6m\/","title":{"rendered":"Two Former Meyers Associates Alleged Excessive Trading Cost Investors $3.6M"},"content":{"rendered":"<p>\t\t\t\tThe US Securities and Exchange Commission is accusing brokers Jovannie Aquino and Emil Botvinnik of fraud that allegedly cost investors about $3.6M. According to the regulator, Botvinnik, who is a Florida resident and is no longer a registered representative, and Aquino who is a New York resident, recommended frequent, short-term trades, earning them about $4.6M in commissions while practically guaranteeing that their customers would lose money. Botvinnik\u2019s alleged <a href=\"https:\/\/www.investorlawyers.com\/investor-claims\/broker-misconduct\/\" target=\"_blank\" rel=\"noopener noreferrer\">excessive trading<\/a> took place between 6\/2012 and 11\/2014. Aquino\u2019s alleged excessive trading occurred between 12\/2015 to 11\/2017.<\/p>\n<p>Many of these customers were retail investors. A number of them were of retirement age or close to that age.<\/p>\n<p>At the time of the alleged broker fraud, Aquino and Botvinnik were with Meyers Associates LP. The firm is now called Windsor Street Capital LP. Aquino then went to work with Spartan Capital Securities while Botvinnik moved on to Newport Coast Securities, SW Financial, and Worden Capital Management.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/two-former-meyers-associates-alleged-excessive-trading-cost-investors-3-6m\/\"  title=\"Continue Reading Two Former Meyers Associates Alleged Excessive Trading Cost Investors $3.6M\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The US Securities and Exchange Commission is accusing brokers Jovannie Aquino and Emil Botvinnik of fraud that allegedly cost investors about $3.6M. According to the regulator, Botvinnik, who is a Florida resident and is no longer a registered representative, and Aquino who is a New York resident, recommended frequent, short-term trades, earning them about $4.6M [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":6584,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3773,3783],"tags":[2876,3152],"class_list":["post-6556","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-broker-fraud","category-broker-misconduct","tag-excessive-trading","tag-meyers-associates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Two Former Meyers Associates Alleged Excessive Trading Cost Investors $3.6M &#8212; Investor Lawyers Blog &#8212; September 25, 2018<\/title>\n<meta name=\"description\" content=\"According to the regulator, two former Meyers Associates brokers recommended frequent, short-term trades, earning them about $4.6M in commissions while practically guaranteeing that their customers would lose money.\" \/>\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\/two-former-meyers-associates-alleged-excessive-trading-cost-investors-3-6m\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Two Former Meyers Associates Alleged Excessive Trading Cost Investors $3.6M &#8212; 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