Darren C. Goodrich, of El Segundo, California, a stockbroker and market maker formerly registered with BMA Securities LLC, has been barred by the Securities and Exchange Commission (SEC) from acting as an investment adviser, broker or associating with entities which sell securities or offer advice to the investor public according to an Order Instituting Administrative Proceedings Pursuant to Securities Exchange Act of 1934 Section 15(b) in conjunction with Goodrich’s Offer of Settlement, based upon findings that he effected a fraudulent market manipulation scheme. In the Matter of Darren Goodrich, File No. 3-17835 (Feb. 8, 2017).
According to the Order, while Goodrich was associated with BMA Securities, he manipulated the securities of certain issuers via his part in a fraudulent scheme. Goodrich reportedly effected transactions in order to pump up the stock price of issuers and ultimately make it seem as though the issuers’ equities were in demand and liquid. Just prior to the SEC’s Administrative Order, Goodrich was permanently enjoined via Consent Order from committing future acts of Securities Exchange Act of 1934 Section 10(b), Rule 10b-5 and Securities Act of 1933 Section 17(a). Securities and Exchange Commission v. DelPresto, et al., No. 15 Civ. 8656 (D.N.J. Feb. 1, 2017).
Goodrich pled guilty to the charge of conspiracy to commit securities fraud in violation of 18 U.S.C. § 371, based upon allegations that in 2014, he effected manipulative trades to pump up the securities prices of Cubed Inc. United States v. A.J. Discala, et al., 14 Cr. 399 (E.D.N.Y. June 27, 2016). He later pled guilty to another count of conspiracy to commit securities fraud due to his part in the manipulation of securities in Mesa Energy Holdings, Inc., Clear-Lite Holdings, Inc., NXT Nutritionals Holdings, Inc., and BioNeutral Group, Inc. United States v. Darren Goodrich, No. 16 Civ. 630 (E.D.N.Y. Aug. 10, 2016).
Goodrich’s registration with BMA Securities, LLC, was terminated on October 8, 2015. From September 17, 2015, to November 5, 2015, he was registered with Monarch Bay Securities, LLC; he was terminated by the firm based upon allegations that he committed securities fraud.
Guiliano Law Group
Our practice is limited to the representation of investors. We accept representation on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.
To learn more about FINRA Securities Arbitration, and the legal process, please visit us at securitiesarbitrations.com
