On June 12, 2012, the Securities and Exchange Commission issued an Order Instituting Administrative Proceedings Pursuant to Section 15(b) of the Securities Exchange Act of 1934, Making Findings, and Imposing Remedial Sanctions (Order) against James Fleishman. According to the SEC’s website, the Order finds that Fleishman was a sales manager at Primary Global Research LLC (PGR) from at least 2008 through December 2010, and he held Series 7 and 63 licenses that were registered with a broker-dealer affiliate of PGR during the relevant time period.
On May 7, 2012, a final judgment was entered by consent against Fleishman, permanently enjoining him from future violations of Section 10(b) of the Exchange Act and Rule 10b-5 thereunder, in the civil action entitled SEC v. Longoria et al., Civil Action No. 11-CV-0753 (S.D.N.Y.). On September 20, 2011, Fleishman was convicted of one count of conspiracy to commit securities fraud and one count of conspiracy to commit wire fraud in violation of Title 18 United States Code, Sections 371 and 1349, before the United States District Court for the Southern District of New York, in United States v. James Fleishman, 11-cr-00032 (JSR).
Based on the above, the Order bars Fleishman from association with any broker, dealer, investment adviser, municipal securities dealer, municipal advisor, transfer agent, or nationally recognized statistical rating organization. It also bars Fleishman from participating in any offering of a penny stock. Fleishman consented to the issuance of the Order.
According to Fleishman’s FINRA Broker Report, it appears he was registered with PGR Securities during the relevant time period.
If you have questions about investments you made with Fleishman or PGR Securities, please call the securities attorneys of The White Law Group at 312/238-9650 for a free consultation.
The White Law Group is a securities fraud, securities arbitration and investor protection law firm with offices in Chicago, Illinois and Boca Raton, Florida. For more information on the firm, visit http://www.whitesecuritieslaw.com.