Ex-NYSE Examiner Plays Down Sky Capital Fraud Claims

Law360, New York (July 15, 2011, 3:24 PM EDT) -- New York brokerage Sky Capital LLC had just a few bad apples, not the widespread fraud prosecutors claim, a former New York Stock Exchange examiner said Friday while testifying on behalf of Sky Capital founder Ross Mandell and broker Adam Harrington.

Stan Schwarzman, who worked for the NYSE and a precursor to the Financial Industry Regulatory Authority before becoming Sky Capital's chief compliance officer, said any bad brokers were fired shortly after he joined the company.

“You can't just zero on the bad parts of things,”...
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New York Southern

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June 30, 2009


UK Financial Services

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