A Maryland financial advisor and his firm have been barred from the securities industry in the state for violations of the investment advisory and antifraud provisions of the Maryland Securities Act. InvestmentNews reported details of the enforcement actions that were...
Representing financial professionals, financial institutions and investors in investment loss, employment and disclosure matters, and in regulatory investigations nationwide.
Financial Advisor Misconduct
Colorado financial advisor sued by clients alleging inappropriate high-risk strategies
Clients of a Colorado financial advisor are taking legal action against him over what they say were inappropriate investment strategies that resulted in significant financial losses, ThinkAdvisor reports. The plaintiffs are two couples, David Elzea and Deborah...
3 Texas men charged with defrauding investors through $91 million Ponzi scheme
The Securities and Exchange Commission announced it has charged three Texas residents with defrauding hundreds of investors through a $91 million Ponzi scheme. The defendants were identified as Kenneth W. Alexander II, Robert D. Welsh, and Caedrynn E. Conner of...
Pennsylvania investment adviser charged with scheme to steal $17 million from clients
Federal prosecutors have announced fraud charges against a Pennsylvania investment advisor who allegedly stole millions from his clients to use for himself, Financial Advisor reports. Scott Jeffrey Mason, 66, of Gladwyne, Pennsylvania, was charged with wire fraud,...
Advisor who allegedly lied to clients about his firing barred by the SEC
A Pennsylvania financial advisor has been barred from the financial industry by the Securities and Exchange Commission following allegations of fraud, according to Financial Advisor. 37-year-old Sean Michael Kane of Philadelphia did not admit or deny the SEC's...
