US Securities and Exchange Commission - VALIC

SEC Charges Broker-Dealer and CEO With Supervision Failures Related to Hedge Fund Valuation Scheme

SECWashington D.C., Aug. 21, 2019 —  The Securities and Exchange Commission yesterday charged New York-based broker-dealer AOC Securities LLC, and its former chief executive officer, Ronaldo Gonzalez, with failing to supervise an AOC broker related to hedge fund valuation scheme who provided inflated price quotes for certain securities to a significant customer of AOC.

According to the SEC’s orders, Frank Dinucci Jr., a broker at AOC, provided inflated price quotes to a New York-based investment adviser, Premium Point Investments LP.  The orders find that PPI traders dictated to Dinucci the prices at which he should value certain mortgage-backed securities in PPI funds’ portfolios. In return, the PPI traders promised to send securities trades to AOC.  Though both AOC and Gonzalez knew Dinucci was providing price quotes to PPI on behalf of AOC, they failed to establish or implement policies or procedures reasonably designed to prevent and detect Dinucci’s misconduct. The SEC previously charged Dinucci, PPI, and certain of PPI’s founders, partners, and employees in connection with the fraudulent valuation scheme. AOC withdrew its registration as a broker-dealer at the end of 2018, during the course of the SEC’s investigation.

“To guard against the fraudulent valuation of assets, it is essential that broker-dealers and their senior executives reasonably supervise brokers who provide price quotes to hedge fund customers for valuation purposes,” said Daniel Michael, Chief of the SEC Division of Enforcement’s Complex Financial Instruments Unit.  “Deregistering with the Commission in the midst of an enforcement investigation will not enable such firms to evade liability.”

Without admitting or denying the SEC’s findings, AOC and Gonzalez agreed to pay penalties of $250,000 and $40,000, respectively. The SEC’s orders also censure AOC and impose a 12-month supervisory bar against Gonzalez.

The SEC’s investigation was conducted by Lee A. Greenwood of the Complex Financial Instruments Unit, Brian Fitzpatrick of the Asset Management Unit, and Preethi Krishnamurthy of the New York Regional Office, under the supervision of Osman Nawaz of the Complex Financial Instruments Unit. The SEC acknowledges the assistance and cooperation of the U.S. Attorney’s Office for the Southern District of New York, which filed and obtained guilty pleas and convictions in a parallel criminal case, and the FBI in this matter.

Hello Sir,

Thanks for getting back to me. I have carefully read your full job description and understand everything what you are looking for. I have reviewed your linkedin profile which looks awesome. Also had a look over your linkedin page. But could not review other social channels like Instagram and Twitter etc.

I think we should focus more on social media to drive potential traffic as well as grow up followers and engagements. Here are my starategy that I will be following to work on your social channels:

Very first let’s talk about our goal: As a social media marketer I always set a goal for my projects and I do very hard work to reach my milestones within deadline. For your project I think I main goals are followings:

1. Reaching To The target audience.
2. Growing Up followers.
3. Increase brand Awareness.
4. Keeping your profiles and pages updated.
5. Driving traffic to the website.

As your are in commercial property industry I think we should work with facebook, twitter, instagram and Linkedin for your business. Because all these platforms are very good for travel industry. Specially Linkein, facebook and twitter will be our key platforms.

Here are the key tasks list I will do day to day to build your online presence, branding as well as audience

1. Content creation and posting.
2. Growing up targeted followers and engagements.
3. Driving potential traffic to the site.
4. Analyze and reporting.
5. Sending direct messages through linkedin and twitter.

Content is the most important part of social media to increase and engage audience. So we will have to work professionally in this section. We will have to be very careful while posting content. We must analyze and follow some important things while posting content. I will make a mix of industry related Quotes, facts, trivia, tips with our promotional posts.

To grow up followers and engagements I will be working on several tasks. And I hope it will bring a great results.

1. Sharing Our Content To relevant Groups & Community
2. Engaging With Audience.
3. Following People to Get Follow Back
4. Liking & Commenting on Influencers Posts and relevant posts.
5. Sending Direct Messages
6. Using trendy hashtags.
7. Connecting with potential linkedin user.

That is what I am planning to do on your project. Please review and let me know if you have any question.

Regards