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Firm Violated Reg BI With Risky Options Strategy: SEC
News July 31, 2024 at 12:05 PM
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What You Need To Know
- A former Western Securities rep engaged in risky day trading of options.
- The firm's chief compliance officer raised concerns that the rep was potentially overtrading his clients' accounts.
- One client, a 78-year-old widow, lost $525,000 because of the risky trading.
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