212.970.TIPS 212.970.8477
Get in touch Now
DiCello Levitt Expands Whistleblower Practice With Preeminent SEC Whistleblower Team
SEC Prosecutions

SEC Prosecutions

Brokers Ordered to Cease-and-Desist and Barred for Preying on Customers

In the Matter of Sandra Simpson and Daphne Pattee

  • 1999
  • $184,171

SEC found that respondents, a broker-dealer account executive at Prudential Securities and her sales assistant (formerly a broker herself), engaged in a scheme to defraud at least forty-two customers by, among other things, engaging in unauthorized and unsuitable trading, unauthorized and unsuitable margin trading, and churning.

Key Docs

SEC Whistleblower Program

Resources

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