A former J.D. Nicholas & Associates Inc. broker must pay the SEC more than $2 million after a jury found him liable for profiting off trades customers never consented to, a New York federal district judge said.
Donald J. Fowler’s “apparent lack of interest in learning from past mistakes” also led the U.S. District Court for the Southern District of New York to impose a permanent injunction banning him from violating federal securities laws as part of its Tuesday opinion.
A jury returned a unanimous verdict in the Securities and Exchange Commission’s favor in June 2019.
Fowler recommended investments ...
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