Articles Tagged with Brimberg Co

Stoltmann Law Offices is investigating Marcia Kucher, the CFO and Chief Compliance Officer (CCO) of Sunrise Securities. According to her Financial Industry Regulatory Authority (FINRA) Letter of Acceptance, Waiver and Consent (AWC), Kucher and the firm failed to establish, maintain and implement anti-money laundering procedures reasonably designed to detect and cause the reporting of suspicious transactions related to low-priced stock liquidations in DVP accounts. Sunrise Securities allegedly failed to have systems and procedures in place to investigate the identity of the ultimate customers of the Firm’s institutional customers who beneficially owned the securities in certain DVP accounts, investigate how those customers’ customers acquired low-priced securities, or review or investigate the account activity to determine whether to file a suspicious activity report. During the review period, at least five of the Firm’s DVP accounts engaged in potentially suspicious trading activity in approximately 17 low-priced securities, liquidating 366 million shares for proceeds of approximately $31 million. These are violations of securities laws and regulations.

Kucher was registered with Brimberg & Co. in New York, New York from June 1984 until August 1993, Invemed Associates Inc. in New York, New York from May 1994 until February 1997 and is currently registered with Sunrise Securities Corp in New York, New York since February 1998. If you lost money with Marcia Kucher or her firm, Sunrise Securities, you may be able to sue the firm in the FINRA arbitration process by calling our securities law firm in Chicago. We try cases on a contingency fee basis to recover money for investors. Please call soon as time is of the essence.

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