SEC Freezes Assets and Halts Alleged Fraudulent Scheme By Ron Harrison

Posted on October 13th, 2021 at 1:01 PM
SEC Freezes Assets and Halts Alleged Fraudulent Scheme By Ron Harrison

From the Desk of Jim Eccleston at Eccleston Law:

The Securities and Exchange Commission (SEC) has obtained an emergency court order freezing the assets of Ron Harrison, who allegedly operated an ongoing fraudulent scheme. The California-based advisor fraudulently collected at least $900,000 in performance and other fees from twenty-two clients since 2016, according to the SEC’s complaint. The complaint alleges that Harrison generated the fees based on gains from his option trading in client brokerage accounts; however, most of the clients instead suffered significant losses from Harrison’s trades. 

While Harrison previously had been barred by FINRA from associating with any member firms, Harrison falsely advertised his experience as a Wall Street trader to his clients, according to the SEC’s complaint. Furthermore, the complaint names Harrison’s firm, Global Trading Institute, as a defendant for allegedly aiding Harrison’s fraud. The complaint also alleges that Harrison’s girlfriend, Irina Parfyonova, collected at least $279,000 in proceeds from Harrison’s fraud. The district court recently granted the SEC’s request for a temporary restraining order (TRO) freezing the assets of Harrison, Parfyonova and Global Trading Institute. 

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

Tags: eccleston, eccelston law, sec, scheme, fraud

Return to Archive



If you find yourself in trouble with the regulators, call Eccleston Law, you won't regret it.

Rick R.


September 21, 2023
SEC Charges Private Equity Firm Over Fee Disclosure Failures to Affiliate

The Securities and Exchange Commission (SEC) has charged Prime Group Holdings LLC, a private equity firm specializing in alternative real estate asset investments, with
inadequate disclosure of millions of dollars in real estate brokerage fees paid to a brokerage firm owned by its CEO.

September 20, 2023
SEC Orders Legendary Capital Founder and REIT Advisors to Pay Nearly $5 Million

Corey Maple, co-founder of non-traded REIT sponsor Legendary Capital, has agreed to a $100,000 civil penalty to settle charges brought by the Securities and Exchange Commission (SEC).

September 19, 2023
Reg BI Violations Lead to FINRA's Fine on Another Broker-Dealer

The Financial Industry Regulatory Authority (FINRA) has fined and censured broker-dealer Network 1 Financial Securities and its chief compliance officer for violating Regulation Best Interest (Reg BI).