Boutique investment firm Halcyon Cabot Partners, Ltd. agreed, without admitting or denying wrongdoing, to have its Financial Industry Regulatory Authority membership revoked to resolve allegations it engaged in a scheme to conceal a kickback of private placement fees.
Two Halcyon executives, chief compliance officer Ronald Heineman and chief executive officer Michael Morris, also consented to be barred from the securities industry for their alleged roles in the scam.
According to FINRA, Halcyon, Morris and Heineman, along with previously barred registered representative Craig Josephberg agreed to conceal the discount the issuer provided to a venture capital firm when it purchased ...
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