Broker Settles With SEC Over Late Trades

Law360, New York (June 21, 2007, 12:00 AM EDT) -- A former broker with Troutman Wasserman & Co. has reached a settlement with the U.S. Securities and Exchange Commission, agreeing to pay $250,000 to bring an end to allegations that he engaged in late trading.

The U.S. District Court for the Southern District of New York on Thursday entered a final judgment in the case of Scott A. Christian, a former registered representative of Troutman Wasserman. The judgment ordered Christian to disgorge $250,000 in ill-gotten gains, and enjoined him from any future violations of securities laws....
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