The SEC Bars Logos Wealth Advisors Founder & Fund Manager

Posted on September 20th, 2016 at 4:20 PM
The SEC Bars Logos Wealth Advisors Founder & Fund Manager

From the Desk of Jim Eccleston at Eccleston Law LLC:

The Securities and Exchange Commission has barred Logos Wealth Advisors founder Paul Mata and his fund manager David Kayatta for fraudulently raising more than $14 million from investors.  

Starting in 2008, Mr. Kayatta and Mr. Mata raised money from more than 100 investors in the funds, which were never registered with the regulatory agency. Mr. Mata and Mr. Kayatta attracted investors using online videos, church group presentations and investment seminars promising guaranteed returns but instead misused the investors’ money.   

Mr. Mata also failed to disclose to investors that he was fired from Ameriprise Financial Inc. in 2009 for violating company policies, including recommending that clients take out risky loans to finance investments and presenting unapproved seminars.

The attorneys of Eccleston Law LLC represent investors and advisers nationwide in securities and employment matters. 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: Eccleston, Eccleston Law, Eccleston Law LLC, James Eccleston

Return to Archive

TESTIMONIALS

Previous
Next

I just wanted to say thanks again for preparing and executing my case in such a professional manner. It was a pleasure to watch two professionals take such pride in their work, as well as becoming personally in tune with your client (Me). I would personally recommend you and your firm to anyone.

John O.

LATEST NEWS AND ARTICLES

October 20, 2021
5 First-of-Their-Kind SEC Enforcement Actions Announced

Securities and Exchange Commission (SEC) Enforcement Director Gurbir Grewal recently discussed notable first-of-their-kind enforcement actions that his division has pursued.

October 19, 2021
FINRA Targets SPACs in Most Recent Exam Sweep

The Financial Industry Regulatory Authority (FINRA) has begun an examination sweep of advisors’ involvement with special purpose acquisition companies (SPACs).

October 18, 2021
SEC’s Statement on Complex Exchange-Traded Products

The Securities and Exchange Commission (SEC) recently voted to approve a pair of rule changes proposed by Cboe BZX Exchange, Inc. to list and trade shares of new exchange traded-products: the 2x Long VIX Futures ETC and the -1x Short VIX Futures ETF.