Tag Archives: Boston

Reflections of Travel to the United States

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As a four-decade Certified Travel Agent, international airline employee, researcher, writer, teacher, and photographer, travel, whether for pleasure or business purposes, has always been a significant and an integral part of my life. Some 400 trips to every portion of the globe, by means of road, rail, sea, and air, entailed destinations both mundane and exotic. This article focuses on those in the United States.

New York:
Originally accessed by Floyd Bennett Field–New York’s first municipal airport–Manhattan, experienced from the water with island-circling boat cruises, was channeled through its museum, theater, and restaurant arteries, and from the heights of its Empire State Building and no-longer existence World Trade Center. It became the threshold to its Lower-, Mid-, and Upper-Hudson Valleys, which were characterized by Bear Mountain, West Point, the Franklin D. Roosevelt National Historic Site, the vintage aircraft Old Rhinebeck Aerodrome, dinners in the Culinary Institute of America, plays at the Rhinebeck Center for the Performing Arts, and visits to the Hudson River School of Painters venues. Continue reading →

SEC Uses Data Analysis to Detect Cherry-Picking Fraud By Broker

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The Securities and Exchange Commission (SEC) today charged a New Jersey based broker with misusing his access to customers’ brokerage accounts to enrich himself and family members at the expense of his customers, many of whom had entrusted him with their retirement accounts. The SEC uncovered the alleged fraud with data analysis used to detect suspicious trading patterns.

The SEC filed fraud charges in federal district court against Michael A. Bressman of Montville, New Jersey, alleging that he misused his access to an omnibus or “allocation” account to obtain at least $700,000 in illicit trading profits over a six-year period ending in February. The SEC’s complaint alleges that Bressman placed trades using the allocation account and cherry-picked profitable trades, which he then transferred to his own account and the account of two family members, while placing unprofitable trades in other customers’ accounts. Continue reading →