Unregistered Broker Pleads Guilty to Federal Criminal Charges for Securities Fraud

Posted on July 7th, 2017 at 12:25 PM
Unregistered Broker Pleads Guilty to Federal Criminal Charges for Securities Fraud

From the Desk of Jim Eccleston at Eccleston Law LLC:

The United States District Court for the District of New Jersey has entered a judgment against unregistered broker, James R. Trolice. The judgment entered imposes permanent injunctions and an officer and director bar. Trolice was the president and owner of Trolice Consulting Services, LLC and the president and chief marketing officer of eAgency, a California-based company.

According to the SEC complaint, Trolice along with his partner Lee P. Vaccaro, allegedly pocketed approximately $6 million they raised from more than 100 investors. Trolice solicited investments for limited liability companies they owned and controlled that purportedly held warrants to purchase the common stock of a technology startup company. Moreover, Trolice allegedly lured his investors by hosting elaborate parties at his multi-million-dollar home and also claimed high returns on the investments. Meanwhile, instead of investing the funds, Trolice allegedly used the investment funds to pay off personal expenses such as credit card bills, a car lease, and college tuition.

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 advisors including Broker Litigation & ArbitrationStrategic Consulting ServicesRegulatory  MattersTransition Contract Review, 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.

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As a financial advisor with over 20 years of experience, I feel fortunate to call Jim my attorney and friend. He is a fantastic lawyer and trusted advisor. He is skilled in the matters necessary to do the job well. He uses his thoughtful approach and calm demeanor to achieve a positive outcome for the client. If you want to feel confident that nothing will be missed and that you will be represented in a highly professional manner, call Jim Eccleston.

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