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From U.S. Department of Justice, U.S. Attorneys Office, District of Maryland. Original Press Release found here. Financial Advisor in Wealth Management Section of Global Investment Bank Used Stolen Victim Funds to Pay His Own Lifestyle Expenses, Including Country Club Membership Fees Greenbelt, Maryland – Michael Barry Carter, age 47, of Potomac Falls, Virginia, pleaded guilty […]

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From U.S. Securities and Exchange Commision. Original Press Release found here. On June 11, 2020, the U.S. District Court for the District of Massachusetts entered final judgments against two relief defendants, Brad and Brian Herman, in connection with the SEC’s civil action against Massachusetts-based investment adviser Gregg Caplitz and his former advisory firm. These judgments conclude the […]

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From U.S. Securities and Exchange Commision. Original Press Release found here. On June 10, 2020, the U.S. District Court of the Southern District of Florida entered a final judgment against relief defendant Rhoda Burkholz of Boca Raton, Florida, who has agreed to pay over $250,000 to resolve the SEC’s action against her for allegedly receiving proceeds from […]

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From U.S. Securities and Exchange Commision. Original Press Release found here. The Securities and Exchange Commission announced that on June 3, 2020 the United States District Court for the Central District of California entered a preliminary injunction and orders freezing assets and imposing other relief against California-registered investment adviser Paul Horton Smith, Sr. and his entities in […]

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From U.S. Securities and Exchange Commision. Original Press Release found here. On May 20, 2020, the U.S. District Court for the Southern District of Indiana entered a final judgment against Steele Financial, Inc., an Indianapolis-based investment advisory firm, and its sole owner, Tamara Steele. In a separate administrative proceeding, the SEC also barred Steele from the securities […]

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From U.S. Department of Justice, U.S. Attorney’s Office, District of New Jersey. Original Press Release found here. NEWARK, N.J. – An investment fund manager was indicted today in connection with an alleged $68 million securities fraud scheme, U.S. Attorney Craig Carpenito announced. Brenda Smith, 59, of Philadelphia, Pennsylvania, was indicted on six counts of wire […]

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From U.S. Securities and Exchange Commision. Original Press Release found here. Washington D.C., May 12, 2020 — The Securities and Exchange Commission today announced that it has obtained the appointment of a receiver over Florida-based investment adviser TCA Fund Management Group Corp., its affiliate TCA Global Credit Fund GP Ltd. (TCA-GP), and several funds managed by TCA to […]

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From U.S. Securities and Exchange Commision. Original Press Release found here. The Securities and Exchange Commission today filed fraud charges against Florida-based investment adviser TCA Fund Management Group Corp. (TCA) and its affiliate, TCA Global Credit Fund GP, Ltd. (TCA-GP), for an alleged fraudulent scheme conducted by TCA to inflate asset values and performance returns of funds […]

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From U.S. Department of Justice, U.S. Attorneys Office, Southern District of New York. Original Press Release found here. Wednesday February 5, 2020 Geoffrey S. Berman, United States Attorney for the Southern District of New York, announced that ELIAS HERBERT HAFEN, a former financial adviser at two investment banks with offices in New York, New York, […]

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From U.S. Department of Justice, U.S. Attorneys Office, Middle District of Pennsylvania. Original Press Release found here. SCRANTON – The United States Attorney’s Office for the Middle District of Pennsylvania announced that Anthony Diaz, age 52, formerly of East Stroudsburg, Pennsylvania, was convicted on January 30, 2020 following a jury trial, of wire fraud and […]

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