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Guilty as Charged

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Guilty as Charged

Ardele gave a satisfied grunt when she heard the sentence. Myron and Larry were proven to be guilty of ten violations. With each violation carrying a three-year sentence, plus a $5,000 fine, they were both looking at 30 years in prison and $50,000 in fines.

They were on the hook for:

  • Fraud
  • Unauthorized transactions
  • Churning
  • Unsuitable recommendations
  • Misrepresenting the status of customer accounts
  • Insider information
  • Selling away
  • Acting as Principal
  • Agency Cross Transactions
  • Failing to register as an...

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