Black Diamond CEO Bilked Clients Out Of $5M, Feds Say

Law360, New York (September 9, 2011, 4:23 PM EDT) -- The U.S. Securities and Exchange Commission sued the head of Black Diamond Securities LLC in a Washington federal court Thursday, accusing the broker of defrauding clients out of millions through risky trading and charging them large and concealed commissions.

CEO and founder Richard A. Finger Jr., of Bellveue, Wash. was also charged with fraud in relation to the civil matter and appeared before U.S. Magistrate Judge Mary Alice Theiler on Thursday in the criminal case. He faces up to 20 years in prison, according U.S. Attorney...
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Case Information

Case Title

Securities and Exchange Commission v. Finger et al


Case Number

2:11-cv-01479

Court

Washington Western

Nature of Suit

Securities/Commodities

Judge

Richard A Jones

Date Filed

September 8, 2011

Government Agencies

UK Financial Services

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