Regulators are taking action against a broker for an aggressive trading strategy that allegedly garnered him more than $2 million in commissions from the transactions while saddling five clients with a comparable amount of losses from the trades.
Brokerage industry self-regulatory organization Finra says that Stewart Ginn, a registered representative of Independent Financial Group based in the San Diego area, executed frequent “in-and-out trades” from July 2020 through December 2022, charging high commissions on both buy and…
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