The allegations read: The securities and exchange commission ("commission") deems it appropriate and in the public interest that public administrative proceedings be, and hereby are, instituted pursuant to section 15(b) of the securities exchange act of 1934 ("exchange act") against barbara desiderio ("desiderio" or "respondent"). The commission finds that, on july 22, 2020, a judgment was entered by consent against desiderio, permanently enjoining her from future violations of section 17(a) of the securities act of 1933 ("securities act") and section 10(b) of the exchange act and rule 10b-5 thereunder, in a civil action entitled securities and exchange commission v. Engler, et al., civil action number 20-cv1625, in the united states district court for the eastern district of new york. The commission's complaint alleged that, from april 1, 2015 through june 4, 2015, desiderio aided and abetted an unlawful, unauthorized trading scheme by global's owner and registered representatives that resulted in approximately 1,200 trades without authorization in approximately 360 customer accounts. The commission's complaint further alleged that, of the $2.4 million in unlawful commissions generated from the unauthorized trading, desiderio received over $390,000.
