SEC Says Excessive Trading By 2 NY Brokers Hurt Clients

Law360, New York (December 6, 2017, 8:38 PM EST) -- Two brokers working for New York-based brokerage Four Points Capital Partners LLC made more than $100,000 each in commissions while recommending a high-cost trading strategy to clients who collectively wound up losing nearly $574,000, the U.S. Securities and Exchange Commission said in a suit filed Wednesday in New York federal court.

The SEC’s complaint alleged that Zachary S. Berkey and Daniel T. Fischer, who are no longer with Four Points, violated their duty to make suitable recommendations to their clients by urging them to engage in...
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Case Information

Case Title

v. Berkey et al


Case Number

1:17-cv-09552

Court

New York Southern

Nature of Suit

850(Securities/Commodities)

Date Filed

December 6, 2017

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