The Securities and Exchange Commission (SEC) has ordered two Kestra Financial divisions to pay a total of $10.3 million for failing to report compensation earned after investing client assets in certain mutual funds.
Tagged with "SEC"
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Kestra Ordered to Pay $10.3 Million Fine Over Undisclosed Mutual Fund Compensation
Posted on July 22nd, 2021 at 3:15 PM
Georgia Advisor Fraudulently Invests $5.1 Million in Client Funds, SEC Alleges
Posted on July 21st, 2021 at 1:30 PM
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.
SEC Charges Florida Advisor Over Multi-Year Trading Scheme
Posted on July 13th, 2021 at 1:17 PM
The Securities and Exchange Commission (SEC) is filing suit against a Miami-based investment advisor for allegedly conducting a “cherry-picking” trading scheme.
SEC Files Suit Against Illinois Investment Adviser Over Cherry-Picking Scheme
Posted on June 30th, 2021 at 12:28 PM
The Securities and Exchange Commission (SEC) has charged Barrington Asset Management, Inc. and its chief operating officer Gregory Paris with executing a multi-year cherry-picking scheme that defrauded the firm’s clients.
SEC Sues Dentist-Turned-Advisor over Alleged Fraud
Posted on June 22nd, 2021 at 1:15 PM
The Securities and Exchange Commission (SEC) has filed suit against Boca Raton native, Edgar Radjabli, for pursuing three individual securities frauds. Radjabli, who owned and controlled Apis Capital Management, allegedly conducted a fraudulent offering of Apis Tokens, which is a digital asset representing tokenized interests in Apis Capital’s main investment fund.
SEC Sues Estate of Deceased Real Estate Mogul for Ponzi-Like Real Estate Scheme
Posted on June 11th, 2021 at 8:25 AM
The Securities and Exchange Commission (SEC) filed suit against the Estate of Kenneth Casey for allegedly misappropriating $10 million from investors.
SEC Files Suit Against Massachusetts LPL Financial Advisor Over Alleged Fraudulent Scheme
Posted on June 9th, 2021 at 2:37 PM
The Securities and Exchange Commission (SEC) filed suit against James Couture after the Massachusetts-based advisor allegedly misappropriated $2.9 million from his clients.
FINRA Withdraws Expungement Reform Proposal It Had Prepared for SEC Approval
Posted on June 7th, 2021 at 12:08 PM
The Financial Industry Regulatory Authority (FINRA) announced that it has temporarily withdrawn a proposal to reform financial advisor expungement procedures.
SEC Charges Mutual Fund Executives with Misleading Investors After $1B Trading Loss
Posted on June 3rd, 2021 at 2:03 PM
The Securities and Exchange Commission (SEC) filed suit against LJM Funds Managements Ltd. and LJM Partners Ltd. as well as their portfolio managers, Anthony Caine and Anish Parvataneni, for allegedly misleading investors regarding LJM’s risk management practices.
SEC Charges Texas Advisor and Three Individuals with Defrauding Retail Investors
Posted on May 19th, 2021 at 11:53 AM
On May 13, the Securities and Exchange Commission (SEC) filed suit against Texas-based investment advisor Knight Nguyen Investments and three individuals for allegedly planning to invest funds from retail investors in at least five fraudulent securities offerings.
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