SEC v. James D. Burleson

James D. Burleson allegedly engaged in a "cherry-picking" scheme. According to the SEC, from August 2020 to October 2022, Burleson used his firm’s omnibus trading account to disproportionately allocate profitable option trades to his personal account and disproportionately allocate unprofitable options trades to his clients’ accounts.

Summary generated from official Securities and Exchange Commission press release