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July 25, 2015

Former Compliance Officer Faces up to 20 years in Prison

The Securities and Exchange Commission (SEC) has charged William Quigley, a former chief compliance officer of Westbury, New York based brokerage firm Trident Partners, Ltd, with fraud. According to the SEC, Quigley solicited foreign investors to invest in well-know companies along with a few start-ups and then used the money for his own personal use. Over the course of a decade, Quigley allegedly siphoned $800,000 of investors’ money into his personal accounts by sending investors false account statements. Quigley was indicted on charges of wire fraud and money laundering. He faces up to twenty years in prison.

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