Eccleston Law: For Investors. For Advisors
About
Who We Are
Testimonials
Disclaimers
Attorneys
For Advisors
Broker Transition
Transition Negotiations
Employment Matters
State Registration Problems & Discipline
FINRA Matters
Promissory Note Matters
Team/Parnership Disputes
CFP Board Matters
FINRA Enforcement Matters
State Registration Problems & Discipline
Transition Negotiations
Broker Litigation & Arbitration
Employment Matters
Regulatory Matters
Strategic Consulting
Whistleblower Law
Promissory Note Matters
Compliance Protection
Lawyer Referral Network
Expungement of CRD/BrokerCheck Disclosures
For Investors
Securities Fraud
Breach of Fiduciary Duty
Negligent Investment Management
Unauthorized Trading
Lawyer Referral Network
News & Articles
News
Articles
Financial Counsel Blog
Videos
Newsletter Signup
Contact
Site Menu
About
Who We Are
Testimonials
Disclaimers
Attorneys
For Advisors
For Advisors: Overview
Broker Transition
Broker Transition Overview
Transition Negotiations
Employment Matters
State Registration Problems & Discipline
FINRA Matters
Promissory Note Matters
Team/Parnership Disputes
CFP Board Matters
FINRA Enforcement Matters
State Registration Problems & Discipline
Transition Negotiations
Broker Litigation & Arbitration
Employment Matters
Regulatory Matters
Strategic Consulting
Whistleblower Law
Promissory Note Matters
Compliance Protection
Lawyer Referral Network
Expungement of CRD/BrokerCheck Disclosures
For Investors
For Investors: Overview
Securities Fraud
Breach of Fiduciary Duty
Negligent Investment Management
Unauthorized Trading
Lawyer Referral Network
News & Articles
News
Articles
Financial Counsel Blog
Videos
Newsletter Signup
Contact

SEC Files Complaint Against Investment Adviser and his Firm for Kickback Scheme

Posted on July 23rd, 2018 at 4:55 PM
SEC Files Complaint Against Investment Adviser and his Firm for Kickback Scheme

From the Desk of Jim Eccleston at Eccleston Law LLC:

 

The SEC has filed a complaint against investment adviser, George L. Taylor and His firm, Temenos Advisory Inc. alleging two counts of investment adviser fraud, one count of acting as an unregistered broker-dealer, and one count of failing to abide by written policies and procedures mandated by securities law.

More specifically, according to the SEC’s complaint filed in Connecticut federal court, Taylor steered clients towards unsuitable investments in private companies that offered him compensation that was never disclosed.

Starting in 2014 and until 2017, the SEC claims that Taylor began actively recommending investments in four private companies that were illiquid. Moreover, while recommending the investments, Taylor downplayed the risks while boasting about the profitability of four illiquid private placements. Although he told his clients that the four companies had been adequately vetted, in reality, Taylor and his firm failed to conduct even the most basic due diligence.

Overall, Taylor received more than $19 million from clients by recommending these four private placements and collected a finder’s fee that ranged from 2.5% to 10% of the investments he secured.

Eccleston Law is investigating the fraudulent activities of George L. Taylor. Those with information should contact our law firm.

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 investors and advisors including Securities Fraud, Compliance Protection, Breach of Fiduciary Duty, FINRA Matters, 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: james eccleston, eccleston law, eccleston law llc, eccleston, SEC, Temenos Advisory Inc.

Share

Return to Archive

Latest Articles
FINRA Suspends Advisor Who Helped His Barred Father Service Clients
March 3rd, 2021 at 1:19 PM
J.P. Morgan Returns to Court to Block Former Advisor From Soliciting Clients
March 2nd, 2021 at 2:26 PM
Read More »
Latest News
CFP Board is the New Sheriff and it Is Not Your Friend
October 24th, 2020 at 10:04 AM
Defending Against a Customer Complaint First Requires Selecting Correct Legal Counsel
October 15th, 2020 at 10:02 AM
Read More »
Share

Request a Free Consultation

Attorneys are standing by during regular business hours. Call us now for immediate service, or complete the form below and we will contact you as soon as possible.

Your E-mail Address:
 
Chicago
55 West Monroe St.
Suite 610
Chicago, Illinois 60603
(312) 332-0000
(312) 332-0003
New York City
One Liberty Plaza
165 Broadway, 23rd Floor
New York, New York 10006
(312) 332-0000
(312) 332-0003
Boca Raton
2255 Glades Road
Suite 324A
Boca Raton, Florida 33431
(312) 332-0000
(312) 332-0003
2021 © Eccleston Law, LLC.
All Rights Reserved.
The law is continuously changing. Please do not rely on information found on this site without consulting a lawyer to determine if any recent changes in the law may have an impact.