Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jonah Engler (Engler), previously associated with Global Arena Capital CORP, has at least 3 disclosable events. These events include one customer complaint, 2 regulatory events, alleging that Engler recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a final customer complaint on September 24, 2021.
The Securities and Exchange Commission (\\u201cCommission\\u201d) 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 (\\u201cExchange Act\\u201d) against Jonah Engler a/k/a Jonah Engler-Silberman (\\u201cEngler\\u201d or \\u201cRespondent\\u201d). \, The Commission finds that from October 2013 until June 30, 2015, Engler, age 40, controlled Global Arena Capital Corp. (\\u201cGlobal\\u201d). Engler was officially associated with Global as a registered representative from October 2013 to April 16, 2015, but he continued to control Global from April 17, 2015 through at least June 4, 2015. \, On September 1, 2021, a judgment was entered by consent against Engler, permanently enjoining him from future violations of Section 17(a) of the Securities Act of 1933 (\\u201cSecurities Act\\u201d) 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 Civ. 1625, in the United States District Court for the Eastern District of New York. \, The Commission\\u2019s complaint alleged that, from April 1, 2015 through June 4, 2015, Engler knowingly or recklessly directed an unlawful, unauthorized trading scheme carried out by two registered representatives with the knowing assistance of a principal of Global, that resulted in the execution of approximately 4,500 unauthorized trades in approximately 360 customer accounts. The Commission\\u2019s complaint further alleged that, of the $2.4 million in unlawful commissions generated from the unauthorized trading, Engler and companies he controlled received at least $1.1 million in ill-gotten gains.