Craig Josephberg – Meyers Associates
According to a press release from the U.S. Attorney’s office, Craig Josephberg was indicted on charges of securities fraud in connection with an alleged $300 million market manipulation scheme in four publicly traded companies.
According to the press release, the indictment alleges that between October 2012 and July 2014 that the defendants and others orchestrated two “pump and dump” schemes, defrauding investors in the public companies: CodeSmart, Cubed, StarStream and Staffing Group. In order to artificially control the price and volume of shares in those companies, they coordinated their trading activity and concealed their own ownership interests in those companies.
Josephberg’s BrokerCheck indicates he has been affiliated with New York brokerage firm Meyers Associates since 10/25/2013. From 11/2010 – 10/2013, he was employed by Halcyon Cabot Partners.
The White Law Group is investigating the liability that Josephberg’s employers may have for his actions.
Brokerage firms have a legal responsibility to adequately supervise the business activities of their employees. If a broker engages in a scheme that misleads clients the brokerage firm that employs them may be liable for negligent supervision.
When brokers make unsuitable investment recommendations and squander client funds, the brokerage firm that employs them may be liable for failure to supervise and responsible for investment losses.
If you were a client of Craig Josephberg and would like to discuss your litigation options, please call the securities attorneys of The White Law Group at 888-637-5510 for a free consultation.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm dedicated to the representation of investors in FINRA arbitration claims against brokerage firms throughout the United States. Our offices are located in Chicago, Illinois and Vero Beach, Florida.
For more information on The White Law Group, please visit the firm’s website at www.WhiteSecuritiesLaw.com.