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This profile was last updated on 3/8/14  and contains information from public web pages and contributions from the ZoomInfo community.

Mr. Peter Beck

Wrong Peter Beck?
 
Background

Employment History

  • President
    SWIFT TRADE INC
  • President and Chief Executive Officer
    Biremis Corporation
  • President and Director
    Biremis Corporation
  • General Securities Representative and General Securities Principal
    Biremis Corporation

Board Memberships and Affiliations

173 Total References
Web References
Income Trusts - Planning for Profits Magazine
incometrusts.fusionpublishinginc.com, 8 Mar 2014 [cached]
Peter Beck:
"Editor in Chief" of Planning for Profits - Income Trusts Peter Beck is a well-known financial expert and President of SwiftTrade Securities, Canadas leading direct-access trading firm. He is the co-author of Hedge Funds for Canadians: New Investment Strategies for Winning in Any Market (Wiley), which has sold over 3,000 copies in four months. Mr. Beck, a European-trained chef, immigrated to Canada from Hungary in 1979. A knack for business led him to set up a number of successful ventures, including Canadas first day-trading firm, SwiftTrade.
Buy the book - Canadian Income Funds
Peter Beck Co-Author of Canadian Income Funds: Your Complete Guide to Income Trusts, Royalty Trusts and Real Estate Investment Trusts.
"We are extremely excited to be ...
cilt.operitel.net, 12 April 2007 [cached]
"We are extremely excited to be launching this program in Ontario," said Peter Beck, President of Swift Trade Inc.
Day-trading settlement: The ...
observer.com, 31 July 2012 [cached]
Day-trading settlement: The Financial Industry Regulatory Authority is expected to enter a settlement today with Swift Trade founder Peter Beck, and The Wall Street Journal as a long and excellent piece on the Hungarian-born entrepreneur's global operations. Mr. Beck founded Swift in 1998 after reading about internet trading on an airplane; By 2008, the network employed about 4,000 traders in places like Romania, China and Nicaragua, where the firm could hire on the cheap.
FINRA Expels Biremis, Corp. ...
www.jamesdunlaplaw.com, 1 Aug 2012 [cached]
FINRA Expels Biremis, Corp. and Bars President and CEO Peter Beck | August 1, 2012 | Continue reading → FINRA Expels Biremis, Corp. and Bars President and CEO Peter Beck | James A. Dunlap Jr. & Associates
...
FINRA Expels Biremis, Corp. and Bars President and CEO Peter Beck
...
WASHINGTON - The Financial Industry Regulatory Authority (FINRA) announced today that it has expelled Biremis, Corp., formerly known as Swift Trade Securities USA, Inc., and barred its President and Chief Executive Officer, Peter Beck, for supervisory violations related to detecting and preventing manipulative trading activities such as "layering," short sale violations, failure to implement an adequate anti-money laundering program, and financial, operational and numerous other securities law violations.
Thomas Gira, FINRA Executive Vice President and Head of Market Regulation, said, "In creating a business that allowed a significant volume of overseas day trading to pass through its systems on a regular basis, Biremis and Mr. Beck needed to devote the appropriate level of resources and personnel to ensure that this business was properly supervised, yet failed on both accounts.
...
FINRA found that during various periods from June 2007 to June 2010, Biremis and Mr. Beck failed to establish a supervisory system reasonably designed to achieve compliance with the applicable laws and regulations prohibiting manipulative trading activity. Among other things, Biremis' supervisory system failed to include policies and procedures designed to detect and prevent layering on U.S. markets. Layering involves the placement of non-bona-fide orders on one side of the market in order to cause market movement that will result in the execution of an order entered on the opposite side of the market, after which the non-bona-fide orders are then canceled. Biremis also failed to establish policies and procedures reasonably designed to detect and prevent manipulative activity designed to affect the closing price of a security. As a result, Biremis failed to detect and prevent potential layering activity and potential manipulation of the closing price of equity securities on U.S. markets.
FINRA found that despite the fact Biremis' only business was to execute transactions on behalf of day traders around the world, Biremis and Mr. Beck failed to implement an adequate anti-money laundering (AML) program to comply with the Bank Secrecy Act. Among the violations related to its AML program, Biremis failed to properly detect suspicious activities and file suspicious activity reports (SARs) when appropriate. Also, Mr. Beck appointed an unqualified and untrained individual to supervise Biremis' AML compliance program and Biremis failed to provide adequate AML training to employees.
Biremis and Mr. Beck also violated a number of additional securities laws and rules.
...
In concluding this settlement, Biremis and Mr. Beck neither admitted nor denied the charges, but consented to the entry of FINRA's findings.
...
FINRA Expels Biremis, Corp. and Bars President and CEO Peter Beck
Biremis Corp. & CEO ...
www.kcrlawyers.com, 7 Aug 2012 [cached]
Biremis Corp. & CEO Peter Beck Barred by FINRA | August 7, 2012 | Continue reading → Biremis Corp. & CEO Peter Beck Expelled by FINRA | Kahn, Chenkin & Resnik, P.L. | Fort Lauderdale Concierge Law Firm
...
& CEO Peter Beck Barred by FINRA
Biremis, Corp., formerly known as Swift Trade Securities USA, Inc., was recently expelled by The Financial Industry Regulatory Authority (FINRA). Biremis President and Chief Executive Officer, Peter Beck, was barred by FINRA. The disciplinary actions resulted from supervisory violations related to detecting and preventing manipulative trading activities such as "layering," short sale violations, failure to implement an adequate anti-money laundering program, and financial, operational and numerous other securities law violations.
Thomas Gira, FINRA Executive Vice President and Head of Market Regulation, said, "In creating a business that allowed a significant volume of overseas day trading to pass through its systems on a regular basis, Biremis and Mr. Beck needed to devote the appropriate level of resources and personnel to ensure that this business was properly supervised, yet failed on both accounts.
...
FINRA found that during various periods from June 2007 to June 2010, Biremis and Mr. Beck failed to establish a supervisory system reasonably designed to achieve compliance with the applicable laws and regulations prohibiting manipulative trading activity. Among other things, Biremis' supervisory system failed to include policies and procedures designed to detect and prevent layering on U.S. markets. Layering involves the placement of non-bona-fide orders on one side of the market in order to cause market movement that will result in the execution of an order entered on the opposite side of the market, after which the non-bona-fide orders are then canceled. Biremis also failed to establish policies and procedures reasonably designed to detect and prevent manipulative activity designed to affect the closing price of a security. As a result, Biremis failed to detect and prevent potential layering activity and potential manipulation of the closing price of equity securities on U.S. markets.
FINRA found that despite the fact Biremis' only business was to execute transactions on behalf of day traders around the world, Biremis and Mr. Beck failed to implement an adequate anti-money laundering (AML) program to comply with the Bank Secrecy Act. Among the violations related to its AML program, Biremis failed to properly detect suspicious activities and file suspicious activity reports (SARs) when appropriate. Also, Mr. Beck appointed an unqualified and untrained individual to supervise Biremis' AML compliance program and Biremis failed to provide adequate AML training to employees.
Biremis and Mr. Beck also violated a number of additional securities laws and rules.
...
In concluding this settlement, Biremis and Mr. Beck neither admitted nor denied the charges, but consented to the entry of FINRA's findings.
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