Ohio broker allegedly earned $450,000 from unsuitable short-term trading in Class A mutual fund shares.
Wall Street will use the power of its campaign giving to broadly condemn U.S. politicians, including those whose attempt to overturn the November presidential election spurred last week’s attack on the Capitol.
Deutsche Bank AG agreed to pay $100 million to settle criminal allegations, including that it manipulated the market for precious metals futures through a trading tactic known as spoofing, according to a person familiar with the matter.
Chief executive Paul Reilly earned $11.1 million in 2020 as RayJay’s board said it “significantly” reduced annual bonuses for senior executives in light pandemic-related declines in earnings.
Broker had been managing over $200 million in client assets, according to two sources familiar with his practice.
Stocks rallied a day after violence rocked the U.S. Capitol, with investors firmly focused on the prospect for more stimulus and the likelihood that calm will prevail as Joe Biden takes the presidency.
Former broker Barry Connell, who served prison time for stealing $5 million from customers, has been barred from the securities industry.