10:08:13 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



SEC charges Scottsdale-linked Alpine Securities

2017-06-06 10:27 ET - Street Wire

See Street Wire (U-*SEC) U S Securities and Exchange Commission

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

by Mike Caswell

The U.S. Securities and Exchange Commission has filed civil charges against Salt Lake City clearing firm Alpine Securities Corp., claiming that it facilitated stock manipulation and other schemes run through a related firm, Scottsdale Capital Advisors Corp. Among other things, Alpine failed to report scores of suspicious transactions, the SEC claims. The SEC has not named the specific stocks involved, but Scottsdale previously received a $1.5-million fine in connection with three companies, with the list including a Vancouver company called Voip Pal.com Inc. (All figures are in U.S. dollars.)

John Hurry
LINKED IN
John Hurry

The allegations are contained in a complaint that the SEC filed on Monday, June 5, in the Southern District of New York. The sole defendant is Alpine, a Utah clearing firm that has been registered since 1984. According to the SEC, the firm was acquired in 2011 by John Joseph Hurry, who also owns Scottsdale. Following that transaction, most of Alpine's business came from Scottsdale, the SEC says.

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS

© 2024 Canjex Publishing Ltd. All rights reserved.


Reader Comments - Comments are open to paying subscribers of Stockwatch and unmoderated, although libelous remarks, obscene language and impersonations may be deleted. Opinions expressed do not necessarily reflect the views of Stockwatch.
For information regarding Canadian libel law, please view the University of Ottawa's FAQ regarding Defamation and SLAPPs.


Comments for this item are closed