Mashinsky Agrees to Lifetime Industry Ban in New York Settlement
A New York settlement includes a lifetime industry ban for Mashinsky and up to $35 million in payments tied to federal forfeiture and prison-sentence conditions.
Mashinsky has agreed to a lifetime industry ban as part of a New York settlement, according to The Defiant.
The agreement also provides for payments of up to $35 million. That amount is conditional, with payment obligations linked to federal forfeiture and prison-sentence terms.
The settlement adds to restrictions already imposed by the Federal Trade Commission and the Commodity Futures Trading Commission.
Source: The Defiant
