Weekly Enforcement Action Tracker (Feb 25 - Mar 3)

Weekly Enforcement Action Tracker (Feb 25 – Mar 3)


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


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