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Follow on Google News | FINRA Suspends Great Point Capital TraderFINRA recently suspended Great Point Capital trader Robert Bunda for engaging in manipulative trading activity.
By: The White Law Group, LLC Documents publicly available on FINRA’s website, FINRA.org, state that “FINRA found that Bunda entered over 4,000 small share orders through his trading account at Great Point Capital LLC, his employer, to improve the NBBO for a Nasdaq security. After the market moved, Bunda entered a significantly larger order on the opposite side of the market to obtain a beneficial execution for his undisclosed personal brokerage account. After receiving the beneficial execution, Bunda cancelled a majority of the market moving orders he had entered through his Great Point account. Bunda engaged in a repeated pattern of spoofing to move the market for his own personal gain. In total, Bunda bought and sold shares in his undisclosed personal brokerage account in over 400 instances for an advantageous price gain of $171,740.” Mr. Bunda has “neither admitted nor denied the charges, but consented to the entry of FINRA's findings.” The White Law Group is currently investigating how Mr. Bunda’s alleged actions may have affected individual investors that he managed in his position at Great Point Capital LLC. If you have questions about investments you made with Robert Bunda and Great Point Capital LLC, the securities attorneys of The White Law Group may be able to help. To speak with a securities attorney, please call the firm’s Chicago office at (312) 238-9650. # # # The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm. For more information on The White Law Group, please visit our website at http://www.whitesecuritieslaw.com. End
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