Gifts You Can't Give Your Wife

The SEC announced that a final judgment was entered against Howard B. Berger ("Berger") for securities fraud and investment adviser fraud under a trade allocation scheme commonly referred to as "cherry-picking". Berger's wife, Michelle Berger, is named as a relief defendant in the Commission's complaint because she received illegal trading profits which Berger generated from his scheme.

Click here to view litigation release in full (links externally to SEC website).See also: SEC Administrative Proceeding Against Howard Berger.Related News Item: Things You Can't Tell Your Husband (with Lofchie Comment).