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Monday, October 12, 2026
Courthouse News Service
Monday, October 12, 2026 | Back issues
Courthouse News Service Courthouse News Service

Securities Fraud

The SEC accuses five Californians of reaping more than $10 million in “commissions” in a matched-trading scheme involving thinly traded stocks, though they were not registered as brokers or dealers nor associated with one.

LOS ANGELES — The SEC accuses five Californians of reaping more than $10 million in “commissions” in a matched-trading scheme involving thinly traded stocks, though they were not registered as brokers or dealers nor associated with one. Named as defendants to the federal complaint are Gregory Lamont Drake, Stephen Kenneth Grossman, Stephen Scott Moleski, Jason David St. Amour and David Alan Wolfson.

Categories / Securities

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