Barbara Halpern Allegedly Involved in a $17 Million Fraud

Barbara Halpern (CRD #: 711919), a broker registered with Apifiny Prime, is the subject of a pending SEC action, according to her BrokerCheck record, accessed on May 9, 2022. Investors should know that she has five other regulatory actions on her record.

On March 14, 2022, an SEC regulatory action alleged that Barbara Halpern is involved in a scheme that defrauded investors in ACP X of $17 million. According to the allegations, Laurence Allen and Halpern & Associates served as the auditor for ACP X. Laurence Allen allegedly invested at least 20% of ACP X’s funds in securities issued by NYPPEX Holdings, the owner of a registered broker-dealer that Laurence Allen also controlled.

Barbara Halpern allegedly approved the issuance of 2015 and 2016 audit reports for ACP X, despite evidence that Laurence Allen’s valuations of the securities were speculative and based on inflated revenue projections.

Barbara Halpern allegedly failed to adhere to Generally Accepted Accounting Standards in planning and performing the audits of ACP X’s 2015 and 2016 financial statements, including in the valuation of portfolio assets.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Securities fraud violates FINRA Rule 2010. 

Background Information

Barbara Halpern has passed the following exams:

• Series 27 Financial Operations Principal Examination
• F04 Financial Principal Examination
• Series 54FN – Municipal Securities Financial and Operations Principal Examination

Barbara Halpern is registered with the following firms:

• Apifiny Prime Inc. (CRD #: 304574)
• Richard James & Associates (CRD #: 169131)
• Greenwich Capital Partners (CRD #: 305693)
• Cova Capital Partners (CRD #: 109761)

She has also registered with the following firms:

• Greenwich Energy Capital Advisors (CRD #: 157945)
• BMI Capital International (CRD #: 157945)
• Davis Securities (CRD #: 138829)
• D. Nicholas & Associates (CRD #: 44791)
• Sawaya Segalas Securities (CRD #: 148860)
• Hampton Hedge Fund Marketing (CRD #: 141685)
• Westbury (CRD #: 129985)
• CGI Merchant (CRD #: 133392)
• Cronus Partners (CRD #: 133392)
• Evolution Markets Financial Services (CRD #: 140978)
• T. Cabe & Company (CRD #: 6197)
• Equities Trading Corp (CRD #: 16871)
• Sungard Institutional Brokerage (CRD #: 8509)
• BCP Inc. (CRD #: 27063)
• P.R. Capital Corp (CRD #: 38056)
• SFI Investments (CRD #: 21663)
• IRC Investments (CRD #: 30848)
• Integrated Assets Group (CRD #: 18924)
• Tullett & Tokyo Securities (CRD #: 19595)
• Castleton-Rhodes (CRD #: 17137)
• Robyns Capital (CRD #: 19980)
• Equities Trading Corp (CRD #: 16871)
• AMFCO Securities (CRD #: 1045)
• Emanuel and Company (CRD #: 7309)

Kurta Law Can Help

If you worked with Barbara Halpern and you have concerns about your investments, contact a New York investment fraud lawyer today for a free case evaluation. Call (877) 600-0098 or email info@kurtalawfirm.com.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.