Lek Securities

Lek Securities will pay a $1.5M+ in penalties, disgorgement and interest (with Sam Lek paying a $420,000 penalty) in settling the SEC’s charges whereby Lek Securities and Sam Lek admit that, as alleged in the SEC’s original complaint, a client’s trading activity through Lek Securities constituted violations of the federal securities laws.

Lek Securities and Sam Lek made the schemes possible by giving its client access to the U.S. markets and relaxing the brokerage firm’s layering controls after the client complained, allowing the client to conduct the trading activity, including potential layering and cross-market manipulation.