Trautman Exec Settles Late Trading Charges

Law360, New York (July 2, 2007, 12:00 AM EDT) -- The U.S. Securities and Exchange Commission has reached a settlement with an officer at brokerage firm Trautman Wasserman & Co. Inc over an alleged plot to defraud mutual funds through late trading.

The SEC has signed off on an agreement with Trautman's former chief administrative officer Jerome Snyder to drop its civil complaint in exchange for a $50,000 fine.

The agency filed an administrative action against Snyder and other Trautman officers and brokers in February, alleging various violations of the Securities Exchange Act and the Investment...
To view the full article, register now.