EFTA00094512¶
Bahamian broker in $25m sanction | The Tribune¶
A former Bahamian broker/dealer and its principal have been hit with a combined $24.484 million in financial sanctions by a US court, which found that their “ill gotten gains” were likely …¶
WHY didn’t the SEC go after ALL of the sellers in the FINRA Opco AML complaint? WHY did the SEC “strip out” $46 million from the Gibraltar ill gotten gains claiming the customers were “UNKNOWN”? WHO is the SEC protecting? WHO were the executing BD’s/MM’s in the FINRA Opco CGFIA and APCX trades? They certainly know who the customers were. Is customer “JK” Justin Keener/JMJ also in my March 2013 TCR attached? While the SEC Opco AML was based on the FINRA Opco AML, it stopped short of a thorough investigation of NITE and UBSS. In fact, the trading activity of NITE/VIRT and UBSS in the FINRA complaint: my information SHOULD have triggered an immediate investigation of NITE and UBSS. It did not. Did the SEC commit fraud on the court in its OMISSION of material information?¶
The timing of the SEC’s preliminary determination and the reasoning for the denial ALSO raises more questions than answers.¶
My Award application for the Oppenheimer AML SEC complaint was 5 years ago. That’s FIVE years ago. So, WHY NOW am I so blessed by the SEC with a preliminary judgement?¶
The SEC basis for denying my Award claim for covered action 2015-016:¶
“Investigative staff responsible for the covered action NEVER RECEIVED ANY INFORMATION FROM THE¶
CLAIMANT OR had any communication with the claimantӦ
Let’s take this whopper in 2 parts:¶
First, the SEC OWB denied my Award application because The investigators in the complaint never received my information. Has the SEC OWB re written the investigative protocol in this denial? How am I or ANY whistleblower supposed to know WHO the investigators are in a particular case WHEN according to the SEC: ALL investigations are done in a confidential manner????¶
WHAT DOES THE SEC DO WITH WHISTLEBLOWER TIPS EXACTLY? Do they share whistleblower information with ENFORCEMENT as is mandated? HOW would ANY whistleblower know WHO to share information with at the SEC? Isn’t that the job of the SEC OWB?¶
Second, the fact that no one at the SEC contacted me DOES NOT mean the SEC didn’t use my information. This is a completely bogus argument. It certainly would NOT be the first time the SEC used my information now would it Jane?¶
In fact, it is NOT the responsibility of the whistleblower to get his/her information to the right Enforcement personnel. That responsibility EXPLICITLY falls on the SEC OWB. So, is the SEC OWB admitting gross negligence in handling my information? After the monumental failure in the Madoff Ponzi/ money laundering SEC facilitated scam on the public the then SEC IG made specific recommendations to the SEC with regards to the proper handling/vetting of Tips and Complaints.¶
https://www.sec.gov/files/468.pdf¶
Review and Analysis of OCIE Examinations of Bernard L. Madoff Investment Securities, LLC¶