Craig Stanton Norton of Centennial Colorado a stockbroker currently registered with Wilson Davis Co. Inc. has been named in a Financial Industry Regulatory Authority (FINRA) investigation concerning allegations of Norton potentially defrauding investors. Case No. 20160488374 (July 12, 2018).
FINRA has apparently concluded that it should bring a disciplinary action against Norton for allegedly engaging in market-manipulation activities concerning NuGene International Inc. – a thinly traded low-priced stock. FINRA is investigating whether Norton’s conduct was violative of Securities Exchange Act of 1934 Section 10(b), Securities and Exchange Commission (SEC) Rule 10b-5, and FINRA Rule 2010 and 2020.
In addition, FINRA Public Disclosure reveals that Norton is referenced in nine regulatory actions pertaining to accusations of his misconduct. For example, he was barred by SEC in all principal capacities based upon Norton’s consent to findings that he violated the SEC’s anti-manipulation and anti-fraud provisions relating to Norton’s activities pertaining to two over-the-counter securities during the time that he was associated with American Western Securities, Inc. Norton reportedly failed to supervise the individuals who engaged in manipulative and fraudulent conduct. Consequently, SEC found Norton’s conduct violative of Securities Exchange Act of 1934 Section 10(b) and Securities Act of 1933 Section 17(a).
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