Yes. I intentionally left that out, because I don't know what the guidelines are for that on these charges. The quote I gave just lists the maximum sentence for each charge.
My understanding is that consecutive sentencing is relatively rare and probably won't be applied for run of the mill securities crimes, despite the large quantities of money involved in the fraud.
I think in general that people who defraud individual investors get treated more harshly than people who defraud supposed finanancial professionals who at least might be expected to have a better idea of the risks they were getting into.
