The Securities and Exchange Commission (SEC) is seeking entries of default against Michael Blumer, John Kuprianchik, David Page, Steven Thompson, and Joseph Todaro – defendants in a lawsuit concerning violations of Regulation Best Interest and excessive trading.
On January 2, 2024, the SEC filed the relevant motion with the New York Eastern District Court.
The document, seen by FX News Group, moves the Court to enter the defaults of defendants Michael Blumer, John Kuprianchik, David Page, Steven Thompson, and Joseph Todaro, pursuant to Rule 55(a) of the Federal Rules of Civil Procedure for failure to plead or otherwise defend the action.
Let’s recall that in September 2023 the SEC filed charges against Michael Blumer, John Kuprianchik, David Page, Steven Thompson, and Joseph Todaro, who were…
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