Walter F. Grenda Jr., a broker located in New York, has been barred by the SEC for putting his retired clients in a risky hedge fund.
Tagged with "Securities Exchange Commission"
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Advisor Barred For Directing Unsophisticated Clients To Risky Hedge Fund
Posted on September 22nd, 2015 at 4:23 PM
Edward Jones Fines $20M for Municipal Bond Overcharges
Posted on August 28th, 2015 at 12:02 PM
The SEC has ordered Missouri based brokerage firm Edward Jones to pay $20 million as a fine for overcharging retail customers in new municipal bond sales.
Ohio Based IRA Provider Charged with Involvement in Ponzi Scheme
Posted on August 26th, 2015 at 11:46 AM
The SEC is pursuing charges against Equity Trust Co., a Ohio based IRA provider. The SEC alleges that Equity Trust was “ignoring red flags for accounts with investments that turned out to be fraudulent.”
SEC Announces Cherry-Picking Charges Against Mark Welhouse
Posted on July 28th, 2015 at 11:55 AM
The SEC announced charges against Mark P. Welhouse. Welhouse is accused of “cherry-picking,” allocating appreciated in value options trades to personal accounts, while allocating depreciated in value trades to clients.
Adviser Wins Care Brought by SEC
Posted on July 2nd, 2015 at 10:16 AM
A houston-based firm has won a rare victory against the SEC in a case focused on advisers, accepting payments from brokerage firms.
Indiana Based Investment Advisory Firm Pleads Guilty to Investment Fraud
Posted on June 10th, 2015 at 4:39 PM
Veros Partners, an investment advisor located in Indiana, and its president Michael Haab, have been charged by the SEC for allegedly running a $15 million Ponzi scheme.
Gray Financial Group Charged With Defrauding Public Pension Fund
Posted on June 3rd, 2015 at 3:36 PM
The SEC charges that Gray Financial Group has breached its fiduciary duty by steering pension fund clients in the city of Atlanta to invest in products owned by the company. The firm profited handsomely after it convinced four pension fund plans to invest over $80 million in funds owned by the company.
Indiana Investment Advisory Firm Charged with Investment Fraud
Posted on June 2nd, 2015 at 11:46 AM
Veros Partners, its president Michael Haab and associates Jeffery Risinger and Tobin Senefeld have been charged by the SEC for allegedly running a $15 million Ponzi scheme.
Oil and Gas Company and Its Founder Charged with Fraud
Posted on May 28th, 2015 at 4:43 PM
The SEC filed suit against Texas businessman Brian J. Polito and his company GC Resources, LLC for defrauding investors through the sale of interests in oil and gas wells that the company never owned.
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