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Advisor Slapped with $15 Million Fine for Cherry Picking Trades

Friday, Aug 08 2014

Regulatory & Compliance

Written by PFA News

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J.S. Oliver Capital Management of San Diego has been hit with a $15 million fine over charges by the Securities and Exchange Commission that it cherry picked trades and misappropriated clients’ money. So reports the Associated Press.

The regulator says the firm directed its most profitable trades to favored clients at the expense of other accounts.

Read the full article from the Associated Press.

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