SEC Charges Bove’s Firm Rafferty With Illegally Facilitating Trades
The Securities and Exchange Commission (SEC) has charged Rafferty Capital Markets LLC with illegally facilitating trades by letting an unnamed, unregistered firm pass trades through its system. Rafferty has agreed to pay a total of $850,000 ($637,615 in disgorged profits, the rest in pre-judgment interest and fines) and has consented to a cease and desist order, but the fund has not admitted to any wrongdoing. The SEC says that . . .
This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email firstname.lastname@example.org and we will get back to you as quick as humanly possible