Violation Tracker Individual Record

Company: 
McLaughlin, Piven & Vogel
Penalty: 
$60,000
Year: 
2009
Date: 
July 30, 2009
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Secondary Offense: 
financial institution supervision failures
Violation Description: 

MPV was fined for failure to supervise an employee who was charged with theft and securities fraud for allegedly transfering $240,000 of a client's bonds to his own account and fleeing the country. MPV also paid full restitution to the client.

Level of Government: 
state
Action Type: 
agency action
Agency: 
Delaware Attorney General
Civil or Criminal Case: 
civil
Facility State: 
Delaware
Source Notes: 
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Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.