Tag: registered investment advisers
Ohio-Based Financial Managers Indicted for Defrauding Investors of $72 Million
Ohio Attorney General Dave Yost and Ohio Department of Commerce Director Sherry Maxfield announced that the managers of a Lucas County investment firm have...
LPL Financial Adds Former Securities America Firm with $200 Million in...
LPL Financial LLC, the nation’s largest independent broker-dealer, announced that Walker Alston Financial Group has joined LPL Financial’s broker-dealer, registered investment advisor and custodial...
Financial Practice with $220 Million in Assets Joins LPL Financial
LPL Financial LLC, the nation’s largest independent broker-dealer, announced that SC Financial Group has joined LPL Financial’s broker-dealer, registered investment advisor and custodial platforms.
LPL...
Former Edward Jones Advisor Joins LPL Financial
LPL Financial LLC, the nation’s largest independent broker-dealer, announced that financial advisor Kemp Cunningham has joined LPL Financial’s broker-dealer, RIA and custodial platforms and...
SEC Charges Broker with Defrauding Investor of Millions
The Securities and Exchange Commission charged former broker Surage Kamal Roshan Perera and his firm, Janues Capital Incorporated, with defrauding at least one investor...
SEC Obtains Final Judgement Against Former LPL Advisor Who Defrauded Clients...
The U.S. District Court for the District of Massachusetts entered a final judgment against Massachusetts-based investment adviser James K. Couture in connection with the...
SEC Charges Financial Advisor for Defrauding NBA Players
The Securities and Exchange Commission charged Darryl Matthew Cohen, a former investment adviser at Morgan Stanley, with misappropriating more than $1 million from three...
SEC Charges Darius Karpavicius with $4 Million Fraud
The Securities and Exchange Commission charged Darius Karpavicius, of Lithuania, with orchestrating an offering fraud that raised more than $4 million from approximately 64...
SEC Charges Self-Proclaimed California Entrepreneur with Fraud
The Securities and Exchange Commission charged John David Gessin and two of his businesses, Equifunds Inc. and Ice Fleet LLC, with defrauding investors and...
SEC Obtains Judgement Against Perpetrator of Multi-Million Dollar Securities Fraud
The United States District Court for the District of Massachusetts entered a final judgment against Joshua Dax Cabrera ordering him to pay approximately $1.1...
SEC Charges Former Girardi Adviser with Running Ponzi Scheme
The Securities and Exchange Commission charged Stephen Keith Woodard Sr. with running a Ponzi scheme in which he offered and sold securities to more...
Former Merrill Lynch Advisors Charged with Defrauding Investors of $5 Million
The Securities and Exchange Commission today charged New York-area twin brothers, Adam Kaplan and Daniel Kaplan, for engaging in several different fraudulent activities to...
SEC Charges Advisor for Defrauding Nearly a Dozen Clients
The Securities and Exchange Commission has charged an investment adviser with defrauding investors and other advisory clients out of nearly half a million dollars.
The...
Stockbroker Uses Invesco as Cover for Fraud
The Securities and Exchange Commission today announced the filing of a civil injunctive action against Bradley Morgan Holts of Beaumont, Texas, for the misappropriation...
Ozy Media and CEO Charged with Securities Fraud
The Securities and Exchange Commission charged media and entertainment company Ozy Media Inc., its chief executive officer Carlos R. Watson Jr., its former chief...
Mormon Church Settles SEC Charges for $5 Million
The Church of Jesus Christ of Latter-Day Saints and its investment manager, Ensign Peak Advisors Inc., has agreed to pay a $5 million fine...
NBA Hall of Famer Fined by the SEC for Misleading Crypto...
The Securities and Exchange Commission announced charges against National Basketball Association Hall of Famer Paul Pierce for endorsing EMAX tokens, crypto asset securities offered...
SEC Proposes Significant Change to Adviser Custody Rule
The Securities and Exchange Commission voted 4-1 yesterday to propose rule changes that it says would enhance protections of customer assets managed by registered...
SEC Charges Hudson Advisors and Lone Star Global Over Fund Fees
The Securities and Exchange Commission has charged two registered investment advisers, Hudson Advisors L.P. and Lone Star Global Acquisitions Ltd., for including Hudson’s owner’s...
SEC Charges 13 Private Fund Advisers for Repeated Filing Failures
The Securities and Exchange Commission announced settlements with 13 registered investment advisers who they claim repeatedly failed to provide required information that the agency...
