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Violation Tracker Individual Record

Company: Albert Fried & Company
Penalty: $300,000
Year: 2016
Date: June 1, 2016
Offense Group: financial offenses
Primary Offense: anti-money-laundering deficiencies
Violation Description: An SEC investigation found that Albert Fried & Company failed to file Suspicious Activity Reports with bank regulators for more than five years despite red flags relating to its customers' high-volume liquidations of low-priced securities. On more than one occasion, a customer's trading in a security on a given day exceeded 80 percent of the overall market volume.
Level of Government: federal
Action Type: agency action
Agency: Securities and Exchange Commission
Civil or Criminal Case: civil
Source of Data: (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.