SEC Busts Traders For Stock Manipulation
The Securities and Exchange Commission charged two New Jersey-based traders, Joseph Taub and Elazar Shmalo, with manipulating more than 2,000 NYSE- and NASDAQ-traded stocks through dozens of accounts at various brokerage firms to avoid detection and artifically drive up or down the price of the stock for their personal benefit. They reaped more than $26 million in profits from their successful trades. Andersen Sleater LLC's attorneys represent stockholders who have been defrauded. Click here to read more.