SEC Bars Colorado Advisor Over Misappropriation Allegations

Posted on November 30th, 2021 at 1:40 PM
SEC Bars Colorado Advisor Over Misappropriation Allegations

From the Desk of Jim Eccleston at Eccleston Law:

The Securities and Exchange Commission (SEC) has agreed to a settlement with the owner and sole managing member of AMV Investments, Ann Vick, after she allegedly misappropriated investor funds. 

The SEC alleges that Vick and AMV Investments raised $3.2 million to trade options on behalf of clients. However, Vick falsely represented herself as an experienced options trader who regularly would generate returns of 5-10% per month, according to the SEC. The complaint also alleged that Vick’s trading strategies resulted in substantial trading losses, which left AMV Investments insolvent early in 2020. 

Nevertheless, Vick continued soliciting and obtaining additional investments without disclosing the trading losses to clients, according to the complaint. The SEC subsequently barred Vick from associating with any investment advisor due to the misappropriation of client funds. 

Eccleston Law LLC represents investors and financial advisors nationwide in securities, employment, regulatory and disciplinary matters.

Tags: eccleston, eccleston law, sec, misappropriation

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Thank You from the bottom of our hearts for all you have done for us. When we realized this was a very bad investment - we did not know where to turn for help. Then we received your name. When we called you - you were so kind to us and then agreed to help us. For this we are so very grateful. The world would be a much nicer place if there were more people like the two of you in it. We will always remember all the help and kindness you have shown us. Thank you so very very much for everything.

Wayne and Judy S.


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