DiCello Levitt Expands Whistleblower Practice With Preeminent SEC Whistleblower Team
SEC Prosecutions

SEC Prosecutions

Transfer Agent Who Stole from Mutual Fund Accounts Administratively Barred

In the Matter of Paul N. Germain, Respondent

  • 2008

Respondent was associated with Principal Management Corporation, a transfer agent and investment adviser. Between 1997 and 2005, while serving as an officer of Principal Management, he misappropriated a total of $184,337 from nine mutual fund accounts in seventeen transactions without the account owners’ authorization and spent the funds for his personal purposes. He was barred and also sentenced to ten years in prison.

Named one of the top whistleblower practices/attorneys in the country by The New York Times, Wall Street Journal, NPR, and The New Yorker