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

SEC Prosecutions

Regional Director at Cambridge Investment Research Advisors, Inc. Suspended and Fined for Failure to Supervise

In the Matter of Alexander R. Bastron, Respondent

  • 2016
  • $20,000

Respondent was the direct supervisor of Richard P. Sandru, who defrauded clients in multiple ways. He was found to have forged documents to overcharge fees, and misled clients about account balances after unsuitable, unsuccessful trading. The SEC found that respondent failed to reasonably supervise him in violation of the Investment Advisers Act.

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