Ex-Brookstreet CEO Ordered To Pay $10M In Fraud Suit

By Richard Vanderford · March 2, 2012, 1:30 PM EST

A federal judge has ordered the former CEO of Brookstreet Securities Corp. to pay over $10 million in penalties for committing securities fraud by selling risky mortgage-backed securities to conservative investors,...

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Case Information

Case Title

Securities and Exchange Commission v. Brookstreet Securities Corp et al

Case Number

8:09-cv-01431

Court

California Central

Nature of Suit

Securities/Commodities

Date Filed

December 08, 2009