Tag: SEC

December 03, 2015 BY LeapRate Staff

SEC charges twin brothers with fraud for options trading Spoofing and order mismarking

The US Securities and Exchange Commission (SEC) today announced fraud charges against three Chicago-based traders accused of circumventing market structure rules in a pair of options trading schemes. The SEC alleges that twin brothers Behruz Afshar and Shahryar Afshar and their friend and former broker Richard Kenny mismarked option orders to obtain execution priority and…

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November 04, 2015 BY Mike Fox

SEC announces whistleblower award of more than $325,000

The Securities and Exchange Commission today announced a whistleblower award totaling more than $325,000 for a former investment firm employee who tipped the agency with specific information that enabled enforcement staff to open an investigation and uncover the extent of the fraudulent activity. The whistleblower provided a detailed description of the misconduct and specifically identified…

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