June 05, 2017 BY LeapRate Staff

SEC charges Alpine Securities Corp with AML failures and manipulative practices

The U.S. Securities and Exchange Commission today charged a Salt Lake City-based brokerage firm, Alpine Securities Corporation, with securities law violations related to its alleged practice of clearing transactions for microcap stocks that were used in manipulative schemes to harm investors. To help detect potential securities law and money laundering violations, broker-dealers are required to…

Read more