Former Investment Adviser Indicated for Defrauding Massachusetts Retirees

Posted on October 17th, 2017 at 1:03 PM
Former Investment Adviser Indicated for Defrauding Massachusetts Retirees

From the Desk of Jim Eccleston at Eccleston Law LLC:

Former investment adviser, Richard G. Cody, of Jacksonville, Florida has been indicted for allegedly defrauding Massachusetts retirees, as well as for lying to the SEC under oath. More specifically, Mr. Cody orchestrated the fraud through his company, Boston Investment Partners, LLC. The indictment charges Mr. Cody with violating the Investment Advisers Act of 1940 and for making a false declaration to the SEC during a March 2017 sworn deposition where he was the subject of an investigation by the Commission.

Mr. Cody also was previously the subject of an SEC lawsuit filed in 2016. The SEC obtained a preliminary injunction to freeze Mr. Cody’s assets from further violating certain antifraud provisions of federal securities laws.

The attorneys of Eccleston Law LLC represent investors and advisors nationwide in securities and employment matters. The securities lawyers at Eccleston Law also practice a variety of other areas of practice for financial advisors including Broker Litigation & ArbitrationStrategic Consulting ServicesRegulatory  MattersTransition Contract Review, and much more. Our attorneys draw on a combined experience of nearly 65 years in delivering the highest quality legal services. If you are in need of legal services, contact us to schedule a one-on-one consultation today.

Related Attorneys: James J. Eccleston

Tags: Jim Eccleston, Eccleston Law, Eccleston Law LLC, Eccleston, Investment

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