Ponzi Accusations For MC2Capital Management, Yasuna Murakami and Avi Chiat

Regulators have accused Yasuna Murakami and Avi Chiat, and their companies that the two managed, MC2 Capital Management and MC2 Canada Capital Management, of defrauding more than 50 investors by raising more than $15 million and then misappropriating funds in a ponzi-like fashion. According to the Securities and Exchange Commission (SEC), Murakami and Chiat allegedly…

Brokerage Firm’s Duty To Warn The Public

The New York Times today has a wonderful article on brokerage firms failing to update stockbrokers regulatory records. The article’s title is “Wall Street Often Slow To Disclose Brokers’ Sins.” Unfortunately, for decades Wall Street brokerage firms have failed miserably in keeping the public aware of a broker’s customer complaints or even criminal actions. The…

SEC Fines Raymond James, Baird for Big-Time Wrap-Fee Violations

According to a recent InvestmentNews article entitled “Raymond James, Baird to pay $850,000 for SEC wrap-fee violations,” the Securities and Exchange Commission (SEC) fined Raymond James and Robert W. Baird $850,000. The SEC accused both firms of failing to establish procedures needed to determine what their clients were being charged in commissions beyond their wrap-fee…

Evan Fishman; UBS

According to publicly available records published by the Financial Industry Regulatory Authority (FINRA), Evan Fishman has received one regulatory sanction and two customer complaints. In 2013, a customer alleged that Fishman, while employed at Merrill Lynch, misrepresented material facts. In 2004, the Chicago Board Options Exchange sanctioned Fishman following allegations, among other, that he completed…

Evan Fishman; UBS

According to publicly available records published by the Financial Industry Regulatory Authority (FINRA), Evan Fishman has received one regulatory sanction and two customer complaints. In 2013, a customer alleged that Fishman, while employed at Merrill Lynch, misrepresented material facts. In 2004, the Chicago Board Options Exchange sanctioned Fishman following allegations, among other, that he completed…