October 05, 2016 BY Valentina Kirilova
Investment adviser charged with cherry-picking and misleading clients
The Securities and Exchange Commission (SEC) has announced fraud charges against an investment adviser accused of “cherry-picking” profitable trades for his own account rather than a client’s accounts, and misleading seniors and other clients about the fees he charged and the risks in investments he recommended. The SEC Enforcement Division alleges that Laurence I. Balter and…
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