SEC Obtains Emergency Court Order to Freeze Assets of a Former LPL Adviser
From the Desk of Jim Eccleston at Eccleston Law LLC:
The United States District Court for the District of Colorado has issued an emergency court order to freeze all assets of former LPL adviser, Sonya Camarco along with her investment companies, Camarco Investments Inc. and Camarco Living Trust.
According to the SEC’s complaint, Ms. Camarco stole money from her clients’ accounts by forging their signatures on checks made payable to “C Investments.” Ms. Camarco then sent the checks to her own private P.O. Box and used the stolen client funds to pay off her personal credit card debt and mortgages.
Furthermore, when confronted by investors, Ms. Camarco lied and told them that the “C Investments” were outside investments made on their behalf, even though she purportedly told LPL she had no affiliation with the investments.
The SEC is seeking penalties against Ms. Camarco, a permanent injunction and disgorgement of her allegedly ill-gotten gains.
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Related Attorneys: James J. Eccleston
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