November 18, 2014
The U.S. Securities and Exchange Commission on Monday asked a California federal judge to impose a much smaller penalty on Brookstreet Securities Corp.'s former CEO than the $10 million originally sought after the agency acknowledged its first calculations of what he should pay likely were flawed.
April 10, 2012
An attorney for Brookstreet Securities Corp.'s former CEO on Tuesday urged a California federal judge to reverse a $10 million ruling against his client for securities fraud, saying questions remained about whether he was responsible for brokers who sold risky investments to conservative investors.
March 02, 2012
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, the U.S. Securities and Exchange Commission said Friday.
February 23, 2012
Citing a "pattern of delay" by Brookstreet Securities Corp. and CEO Stanley C. Brooks, a California federal judge granted summary judgment to securities regulators Wednesday, telling them to tee up maximum penalties against the defendants for selling $300 million in toxic collateralized mortgage obligations.