Tag: free riding

The traditional free-riding scheme has been around for years. It takes advantage of the instant credit broker-dealers often extend to new accounts by immediately using the money to trade and eventually taking the money. The schemes are typically short-lived. A …

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This is the third segment of a four-part series on SEC enforcement trends during the third quarter of 2023. The first Part of the series focused on the number of cases filed by SEC enforcement during the quarter (here). It …

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