Allegation type: Employment Separation After Allegations
Allegation status:
The allegations read: The sec's complaint, filed in federal district court in new jersey, alleges that from april 22, 2015 through june 30, 2022, macwright, through hcm, used an omnibus or average price account to disproportionately allocate trades that had increased in value during the day they were executed to a preferred account. The complaint also alleges that macwright disproportionately allocated trades that had decreased in value during the day they were executed to accounts held by other persons and entities, including accounts owned by macwright, macwright's family members, or entities he partially owned.
