A federal judge imposed a prison sentence on a former New Jersey broker who pleaded guilty to a securities fraud scheme, reports Financial Advisor. 55-year-old Mark Marchi was ordered to spend 63 months behind bars, along with three years of supervised release....
Representing financial professionals, financial institutions and investors in investment loss, employment and disclosure matters, and in regulatory investigations nationwide.
Month: January 2023
Investment advisor pleads guilty to charge of filing a false tax return
Federal authorities announced that a Connecticut investment advisor has pleaded guilty to a charge of filing a false tax return, according to a report by ThinkAdvisor. 64-year-old Thomas Pacilio of Westport entered the plea last week in federal court after waiving his...
Former broker ordered to pay nearly $3 million over securities scheme
The Securities and Exchange Commission announced that it has obtained a final judgment against a man accused in a multi-million dollar securities offering fraud case, ThinkAdvisor reports. The action in the United States District Court for the District of Maine orders...
Former McDonald’s CEO fined by SEC for misrepresenting his termination
The former CEO of McDonald’s Corporation, Stephen J. Easterbrook, has been charged by the Securities and Exchange Commission with misrepresenting the circumstances surrounding his November 2019 termination. The SEC said in a news release that Easterbrook made false...
Former broker sentenced to prison for conspiring to defraud elderly investors
A former stockbroker who was convicted of conspiring to defraud elderly investors has been sentenced to federal prison, InsuranceNewsNet reports. 69-year-old Lawrence Isen, who prosecutors said participated in a scheme to promote and manipulate the price of shares in...
