Weekly Enforcement Action Tracker (Feb 25 – Mar 3)

Weekly Enforcement Action Tracker (Feb 25 – Mar 3)

SEC

16 Enforcement Documents

$14,807,336.54 in Fines

Penalties: $7,500,000, $50,000, $25,000
Violator: Logitech International, Michael Doktorczyk, Sherralyn Bolles
Violation: Logitech is responsible for recurring instances of improper accounting between 2008 and 2013 related to a product write-down, warranty liabilities, and revenue recognition… Read More

Penalties: $2,890,518.54
Violator: Steven Zoernack and Equitystar Capital Management, LLC
Violation: Respondents misrepresented and omitted material facts about Zoernack’s Background, Zoernack Used False and Misleading Information to Gain a Five-Star Morningstar Listing… Read More

Penalties: $1,000,000 & 8 months in prison
Violator: Stefan Lumiere
Violation: Lumiere engaged in a fraudulent scheme to mismark the Credit Fund…. Read More

FINRA

7 Enforcement Documents

$2,322,424.64 in Fines

Penalties: $1,521,624, $140,000, $115,000
Violator: Wilson-Davis & Co Inc., James C. Snow, Byron B. Barkley
Violation: Wilson-Davis’ Short Selling Activity Violated Section 203(b)…. Read More

Penalties: $317,165.40
Violator: Daniel B. Stern
Violation: From November 4, 2011, through May 31, 2016, Stern, while registered with Best Direct Securities, LLC or M Holdings Securities, Inc., purchased shares in 239 initial public offerings (“IPOs”)… Read More

Penalties: $125,000
Violator: Western International Securities Inc.
Violation: Western failed to establish. maintain and enforce a supervisory system and written supervisory procedures (“WSPs”)…. Read More

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