{"id":7304,"date":"2018-10-11T15:52:11","date_gmt":"2018-10-11T19:52:11","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=7304"},"modified":"2018-10-11T15:52:11","modified_gmt":"2018-10-11T19:52:11","slug":"sec-charges-broker-emil-botvinnik-with-excessive-trading-churning","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/sec-charges-broker-emil-botvinnik-with-excessive-trading-churning\/","title":{"rendered":"SEC Charges Broker Emil Botvinnik With Excessive Trading, Churning"},"content":{"rendered":"

If you watch your brokerage account regularly, you\u2019ll see the various trades and charges that go along with them. But if you\u2019re seeing transactions that you don\u2019t recall authorizing, and you\u2019re spending a lot more money for fees, commissions and other related charges, it\u2019s time to ask questions. Our South Florida FINRA arbitration attorneys can answer those questions.<\/p>\n

\"David-Sullivan-Accused-of-Excessive-Trading-on-More-Than-One-Occasion-300x200\"Broker Emil Bottvinnik (CRD #4359481<\/a>) has been charged by the SEC with doing just that very thing. On September 7, 2018, the SEC charged Botvinnik with excessive trading and \u201cchurning,\u201d or frequent, short-term trading. This kind of quick-turnover trading paid more in commissions that a client would make from his or her investment.<\/p>\n

The SEC alleges that Bottvinnik opened accounts for at least five individuals, and concealed information about what they would be charged for these frequent tradings. Many of these customers were at or near retirement age, and lost $2.8 million for his clients while making commissions of $3.7 million in \u201cill-gotten gains.\u201d These tradings are alleged to have taken place while was employed with Meyers Associates L.P. in Miami Beach, Florida, from 06\/19\/2012 through 11\/17\/2014. Meyers Associates was expelled by FINRA on 5\/29\/2018.<\/p>\n

Continue reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

If you watch your brokerage account regularly, you\u2019ll see the various trades and charges that go along with them. But if you\u2019re seeing transactions that you don\u2019t recall authorizing, and you\u2019re spending a lot more money for fees, commissions and other related charges, it\u2019s time to ask questions. Our South Florida FINRA arbitration attorneys can […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[589,583,580],"tags":[1276,199,1277,290],"class_list":["post-7304","post","type-post","status-publish","format-standard","hentry","category-churning-2","category-sec-actions","category-stockbroker-misconduct","tag-emil-bottvinnik","tag-meyers-associates","tag-scott-silver-meyers-associates","tag-securities-arbitration"],"yoast_head":"\nSEC Charges Broker Emil Botvinnik With Excessive Trading, Churning — Securities Arbitration Lawyers Blog — October 11, 2018<\/title>\n<meta name=\"description\" content=\"If you watch your brokerage account regularly, you\u2019ll see the various trades and charges that go along with them. But if you\u2019re seeing transactions that — October 11, 2018\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.silverlaw.com\/blog\/sec-charges-broker-emil-botvinnik-with-excessive-trading-churning\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"SEC Charges Broker Emil Botvinnik With Excessive Trading, Churning — Securities Arbitration Lawyers Blog — October 11, 2018\" \/>\n<meta name=\"twitter:description\" content=\"If you watch your brokerage account regularly, you\u2019ll see the various trades and charges that go along with them. But if you\u2019re seeing transactions that — October 11, 2018\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Silver Law Group\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"SEC Charges Broker Emil Botvinnik With Excessive Trading, Churning — Securities Arbitration Lawyers Blog — October 11, 2018","description":"If you watch your brokerage account regularly, you\u2019ll see the various trades and charges that go along with them. 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