called Biremis Corporation and its principals Peter Beck and Charles
Biremis was a Canadian corporation which allowed entities to open
the Biremis business had as many as 200 different trading floors in over
associated with Biremis, engaged repeatedly in layering manipulations on
67) Biremis Corporation et al (18 December 2012), 3-15136, online:
WASHINGTON -- The Financial Industry Regulatory Authority (FINRA) announced today that it has expelled Biremis, Corp.
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.
FINRA found that during various periods from June 2007 to June 2010, Biremis and Mr.
FINRA found that despite the fact Biremis' only business was to execute transactions on behalf of day traders around the world, Biremis and Mr.
Biremis failed to maintain a margin system and margin accounts, and did not have policies and procedures in place related to the use of margin.