Michael Bressman – SEC Charges Financial Advisor Michael Bressman with Fraud | Goodman & Nekvasil P.A., May Recover Investor Losses
Michael Bressman CRD #873973
Michael Bressman was licensed with FCG Advisors, LLC from 2000 to 2018 in Chatham, NJ. The SEC reports that it filed fraud charges against Michael Bressman in September, 2018.
ACCORDING TO THE SEC: The Securities and Exchange Commission charged Michael Bressman with misusing Michael Bressman’s access to customers’ brokerage accounts to enrich Michael Bressman and family members at the expense of Michael Bressman’s customers, many of whom entrusted Michael Bressman with their retirement accounts. The SEC uncovered the alleged fraud with data analysis used to detect suspicious trading patterns.
The SEC filed fraud charges in federal district court against Michael A. Bressman of Montville, New Jersey, alleging that he misused his access to an omnibus or “allocation” account to obtain at least $700,000 in illicit trading profits over a six-year period ending in February. The SEC’s complaint alleges that Michael Bressman placed trades using the allocation account and cherry-picked profitable trades, which he then transferred to his own account and the account of two family members, while placing unprofitable trades in other customers’ accounts. In a parallel action, the U.S. Attorney’s Office for the District of Massachusetts today announced criminal charges against Michael Bressman.
The SEC’s complaint, filed in federal court in Massachusetts, charges Bressman with violating antifraud provisions of the federal securities laws and a related SEC antifraud rule. The SEC is seeking return of allegedly ill-gotten gains, plus interest, penalties and a permanent injunction.
If you lost any money on investments with Michael Bressman, you may be able to recover your losses. If you lost money on investments with Michael Bressman and believe the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action concerning Michael Bressman’s conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $180 million on behalf of victimized investors. If you lost money on investments with Michael Bressman and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.
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