Companies Mentioned

Melvin & Company LLC

Category
Title
Summary
Date
Summaries
Securities Law >
New Settlements and Verdicts

Unlawful Proprietary Trading Charges Net $42M for the SEC
In its complaints, the SEC alleged that the defendants failed to meet their basic obligation as specialists to serve public customer orders over their own proprietary interests while executing trades on the CHX. According to the SEC, as specialists operating on the CHX, each of the defendants had a general…
Date of ruling:
03/24/2009