The Securities and Exchange Commission is taking proceedings against brokerage Trautman Wasserman and a number of its executives, including its chairman and chief executive officer, charging them with late trading and market timing for clients and the firm's own account. Named in the case are CEO Greg Trautman, Chairman Samuel Wasserman, Chief Compliance Officer Forde Prigot, Chief Financial Officer Mark Barbera, Chief Administrative Officer Jerome Snyder and Registered Representative James A. Wilson, Jr.
A hearing will be scheduled before an administrative judge to determine whether the allegations are true.
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