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.

Related Attorneys: James J. Eccleston

Tags: Jim Eccleston, Eccleston Law, Eccleston Law LLC, Eccleston

Return to Archive

TESTIMONIALS

Previous
Next

You are the best attorneys in the country.

CC

LATEST NEWS AND ARTICLES

May 17, 2024
Fidelity Advisor Files Lawsuit Alleging Wrongful Termination Over Whistleblowing

A former Fidelity Investments advisor, Michael Maeker, has initiated legal action against his former firm, alleging wrongful termination in response to his reporting of anti-investor sales tactics.

May 16, 2024
CFTC Investigates Banks for Potential Whistleblower Suppression

The Commodity Futures Trading Commission (CFTC) has initiated inquiries into several banks, including JPMorgan Chase, Bank of America, and Citigroup, regarding potentially hindering whistleblowers from disclosing information, as reported by Bloomberg News.

 

May 15, 2024
NFA Issues Order Against 50.ai Investments LLC

The National Futures Association's (NFA) Business Conduct Committee (BCC) has taken action against 50.ai Investments LLC, a former NFA Member commodity pool operator and forex firm, for violating multiple NFA compliance rules.