Tagged with "cherry picking scheme"

SEC Bars New Jersey Advisor Over “Cherry-Picking” Scheme

Posted on October 1st, 2021 at 12:26 PM
SEC Bars New Jersey Advisor Over “Cherry-Picking” Scheme

The Securities and Exchange Commission (SEC) has barred a New Jersey-based advisor from the industry for allegedly operating a fraudulent “cherry-picking” scheme.

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SEC Charges Louisiana RIA for Defrauding Clients through a Cherry-Picking Scheme

Posted on October 1st, 2018 at 4:10 PM
SEC Charges Louisiana RIA for Defrauding Clients through a Cherry-Picking Scheme

The SEC has filed charges against Louisiana-based RIA, World Tree Financial, and its husband and wife owners, Wesley Kyle Perkins and Priscilla Gilmore Perkins, for conducting a cherry-picking scheme over the course of a four-year period.

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LATEST NEWS AND ARTICLES

December 3, 2021
FINRA Issues Fine to Small Advisory Firm Over Material Misrepresentations

The Financial Industry Regulatory Authority has censured and issued a $250,000 fine to a Los Angeles-based advisory firm, WestPark Capital Inc., for making material misrepresentations pertaining to promissory notes offered by its parent company.

December 2, 2021
FINRA Imposes Suspension on Ohio-Based Advisor Over Outside Investments

The Financial Industry Regulatory Authority (FINRA) has issued a one-year suspension and $12,500 fine to an Ohio-based advisor, William LeBoeuf, who worked at Merrill Lynch and Cetera Advisor Networks when the violations occurred.

December 1, 2021
SEC Charges Former Illinois Edward Jones Advisor With Fraud

The Securities and Exchange Commission (SEC) has charged a former Illinois-based investment advisor, Ronald Molo, with defrauding three clients out of at least $800,000.