Brokerage industry regulator
Mangan was previously a broker with
The charges against him include "deceptively obtaining" restricted PIPE, or private investments in public equity, shares and improperly short-selling them without first getting permission from Friedman Billings Ramsey.
In settling with the NASD, Mangan neither admitted nor denied the charges.
The staff of Money Management Executive ("MME") has prepared these capsule summaries based on reports published by the news sources to which they are attributed. Those news sources are not associated with MME, and have not prepared, sponsored, endorsed, or approved these summaries.