Tagged with "Fraud"

SEC Charges Former Illinois Edward Jones Advisor With Fraud

Posted on December 1st, 2021 at 12:36 PM
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.

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SEC Charges New York Advisor and His Firm With Securities Fraud

Posted on November 24th, 2021 at 12:27 PM
SEC Charges New York Advisor and His Firm With Securities Fraud

The Securities and Exchange Commission (SEC) has filed suit against Joshua Burrell and his company, Activated Capital LLC, alleging securities fraud pertaining to Opportunity Zone Investments.

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SEC Freezes Assets and Halts Alleged Fraudulent Scheme By Ron Harrison

Posted on October 13th, 2021 at 1:01 PM
SEC Freezes Assets and Halts Alleged Fraudulent Scheme By Ron Harrison

The Securities and Exchange Commission (SEC) has obtained an emergency court order freezing the assets of Ron Harrison, who allegedly operated an ongoing fraudulent scheme.

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Philadelphia Advisor Confesses to Conducting $100 Million Scheme

Posted on September 21st, 2021 at 4:17 PM
Philadelphia Advisor Confesses to Conducting $100 Million Scheme

A Philadelphia-based investment advisor, Brenda Smith, has confessed to operating a $100 million securities fraud scheme.

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SEC Files Court Order to Halt Advisor’s Alleged Offering Fraud

Posted on August 26th, 2021 at 12:07 PM
SEC Files Court Order to Halt Advisor’s Alleged Offering Fraud

The Securities and Exchange Commission (SEC) has filed an emergency action against a New York-based advisor, Martin Ruiz, as well as two entities he controls, Bain Wealth Management and RAM Fund.

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SEC Charges San Antonio Advisor with Conducting a Fraudulent Scheme

Posted on August 24th, 2021 at 12:31 PM
SEC Charges San Antonio Advisor with Conducting a Fraudulent Scheme

The Securities and Exchange Commission (SEC) has filed suit against a San Antonio-based advisor for managing a fraudulent scheme which raised nearly $58 million from at least 300 clients. According to the complaint, Robert Mueller and his firm Deeproot Funds, LLC served as investment advisors for two pooled investment funds organized by Mueller.

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Georgia Advisor Fraudulently Invests $5.1 Million in Client Funds, SEC Alleges

Posted on July 21st, 2021 at 1:30 PM
Georgia Advisor Fraudulently Invests $5.1 Million in Client Funds, SEC Alleges

According to a complaint filed by the Securities and Exchange Commission (SEC), a Georgia-based advisor allegedly persuaded two dozen clients to invest nearly $5.1 million in two unregistered funds that purportedly guaranteed growth and limited risk.

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Milwaukee Thrivent/Mutual of Omaha Advisor Sentenced to Jail Over Fraud Scheme

Posted on June 8th, 2021 at 1:07 PM
Milwaukee Thrivent/Mutual of Omaha Advisor Sentenced to Jail Over Fraud Scheme

According to the Department of Justice, a Milwaukee-based advisor was sentenced to at least five years in prison after defrauding investors of nearly $2.6 million.

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Former Morgan Stanley Advisor Sentenced to 5 Years for Fraud

Posted on April 1st, 2021 at 9:34 AM
Former Morgan Stanley Advisor Sentenced to 5 Years for Fraud

Michael Barry Carter is going to prison after stealing at least $6.15 million from clients to fund his lifestyle.

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Former Merrill Broker Pleads Guilty to $3 Million Wire Fraud

Posted on March 23rd, 2021 at 12:39 PM
Former Merrill Broker Pleads Guilty to $3 Million Wire Fraud

Marcus Boggs, who spent 12 years with Merrill, admitted he stole more than $3 million from multiple clients for personal expenses, including luxury hotel stays and expensive dinners.

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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.