Selected Press Releases
SEC Charges Atlanta-Based Firm for Compliance Failures as Brokers Churned Customer Accounts
09/10/2012
The Securities and Exchange Commission today charged three former brokers at an Atlanta-based brokerage firm for “churning” the accounts of customers with conservative investment objectives, causing severe investor losses while the brokers collected handsome fees.Read moreSEC Shuts Down San Diego-Based Real Estate Investment Fraud
09/07/2012
The Securities and Exchange Commission today announced an asset freeze against a San Diego-based firm and its owner accused of running a real estate investment fraud that raised approximately $50 million from hundreds of investors nationwide.Read moreSEC Charges Asset Manager Lied to Investors, Hid Major Losses While Boasting Remarkable Performance During Financial Crisis
09/07/2012
The Securities and Exchange Commission today announced an emergency enforcement action against an asset manager who has boasted remarkable investment success throughout the global financial crisis while allegedly exaggerating the value of the assets he manages and concealing major losses from investors.Read moreSEC Charges Oregon-Based Investment Adviser for Failing to Disclose Revenue Sharing Payments
09/06/2012
The Securities and Exchange Commission today instituted a settled administrative proceeding against two Portland, Oregon-based investment advisory firms and their owner regarding the failure to disclose a revenue-sharing agreement and other potential conflicts of interest to clients.Read moreSEC Charges Radio Personality for Conducting Misleading Investment Seminars
09/05/2012
The Securities and Exchange Commission today charged a nationally syndicated radio personality and financial advice author for spreading misleading information about his “Buckets of Money” strategy at a series of investment seminars that he and his company hosted for potential clients.Read more