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SEC Prosecutions

Broker-Dealer CFO Barred from Industry for Fraudulent Trade Allocations

In the Matter of Douglas F. Samuels, Respondent

  • 2009

Respondent was the Chief Financial Officer of John Dawson & Associates. For the purpose of executing a scheme to defraud, he caused and directed fraudulent “trade allocations” by creating, assigning, and/or transferring profitable securities and options trades to certain firm, employee, and customer accounts, and losing trades to other accounts. He was also criminally convicted and sentenced to a year and a day in prison for this conduct.

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