Tag Archives: Firas Hamdan

SEC Enforcement Roundup

Lebanese, Druze Communities Targeted in High-Volume Trading Scheme A Sugar Land, Texas-based day trader was charged by the SEC for targeting, in particular, investors in the Houston-area Lebanese and Druze communities in a high-frequency trading program. Firas Hamdan was charged … Continue reading

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Houston Day Trader Charged by the SEC for Defrauding Lebanese and Druze Community Investors

Washington, D.C., — The Securities and Exchange Commission today charged a day trader in Sugar Land, Texas, with defrauding investors in his supposed high-frequency trading program and providing them falsified brokerage records that drastically overstated assets and hid his massive trading losses. … Continue reading

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Sugar Land day trader accused of targeting his own community in investment scheme

According to Erin Mulvaney, A Sugar Land day trader was charged Tuesday with defrauding his Houston-area clients in a high-frequency investment scheme, officials said. The Securities and Exchange Commission alleges that Firas Hamdan provided falsified brokerage records that drastically overstated assets and hid his … Continue reading

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Texas Day Trader Sued by SEC Over High-Frequency Trading Claims

According to Bloomberg’s Joshua Gallu, A Texas day trader illegally raised more than $6 million from the Houston-area Lebanese community by making false promises that his algorithmic trading program would generate 30 percent returns, U.S. regulators said. Firas Hamdan, 49, hid $1.5 … Continue reading

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