SEC punishes a broker from Russia

The US Securities and Exchange Commission published an announcement yesterday, informing on a court’s positive decision to freeze assets of a Russian citizen Valery Maltzev and his company “BroCo Investments”: they are suspected in acquiring illegal access to their clients’ accounts. The decision was made by New-York’s south district court upon the Commission’s request. Among other accounts, the one with assets worthy more than $500 thousand was also frozen.