Two broker-dealers and two New York-based entities have been charged by The Securities and Exchange Commission (SEC) with operating as unregistered broker-dealers. The SEC’s complaint states that K. Galvani and Stuart A. Jeffery facilitated more than $1.2bn of securities trading, primarily in penny stocks.
According to the complaint, Galvani
Free Trial
Register for free to keep reading.
To continue reading this article and unlock full access to GRIP, register now. You’ll enjoy free access to all content until our subscription service launches in early 2026.
- Unlimited access to industry insights
- Stay on top of key rules and regulatory changes with our Rules Navigator
- Ad-free experience with no distractions
- Regular podcasts from trusted external experts
- Fresh compliance and regulatory content every day
