SEC Actions Against Pagartanis, Global Trading Institute, TCFG Investment Advisors, Brent Borland

The SEC filed four civil injunctive proceedings last week and no administrative proceedings. This excludes tag-along or similar proceedings. Offering fraud. SEC v. Pagartanis. Civil Action No. 25242, which was filed on October 7, 2021, is an earlier action that names Steven Pagartanis as the defendant. Defendant was an investment professional and sold investments to the public …

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source https://financialadvisorcomplaints.com/556-2/

Naseem Salamah Targeted Elderly Clients For Fraud

Injunctive relief, disgorgement, prejudgment interest, and civil penalties have been sought by the Securities Exchange Commission (SEC) in their complaint charging (now former) investment advisor Naseem Salamah with the violation of several federal securities laws. Naseem Salamah Fraud Allegation The action arises from allegations of Salamah having stolen over $968,600 from three elderly clients through …

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source https://financialadvisorcomplaints.com/naseem-salamah-targeted-elderly-clients-for-fraud/

Aegis Capital Complaints: Scott Scott Hananel Investigated

Aegis Capital Corporation is one of almost 50 broker-dealers with a significant workforce of registered representatives who have a less than clean history showing up on their public disclosures. This has been reported in a study commissioned by Reuters and Columbia University School of Law in 2017.  One of their advisors, Scott Hananel, is under …

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source https://financialadvisorcomplaints.com/aegis-capital-complaints-scott-scott-hananel-investigated/

Chair Gensler Announces Addition Of Barbara RoperTo Senior Staff

WashingtonD.C. Aug. 25, 2021 — The Securities Exchange CommissionToday, the appointment of Barbara RoperAs Senior AdvisorTo the Chair. Ms. Roper’sWe will focus on matters related to retail investor protection. This includes matters relating broker-dealer oversight, investment advisor oversight, and examinations. SheCurrently, the DirectorOf Investor ProtectionFor the Consumer FederationOf America(CFA). “Barbis an investor champion and will …

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source https://financialadvisorcomplaints.com/chair-gensler-announces-addition-of-barbara-roperto-senior-staff/

SEC Obtains Emergency Relief. Charges Investment Adviser Its PrincipalWith Operating$110 Million Ponzi Scheme

WashingtonD.C. Aug. 25, 2021 — On Aug. 20, 2021 Securities Exchange CommissionTo stop fraudsters from committing more crimes, you can file an emergency action PonziScheme allegedly perpetrated Marietta. Georgiaresident John WoodsAnd two entities he owns: Registered Investment Advisor and Registered Investment Broker Livingston Group Asset Management Company?, d/b/a(*) (Southport Capital() and investment fund SouthportIII LLC …

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source https://financialadvisorcomplaints.com/sec-obtains-emergency-relief-charges-investment-adviser-its-principalwith-operating110-million-ponzi-scheme/

SEC Charges Healthcare Services CompanyThe CFO FailingTo Accurately Report Loss ContingenciesAs part of ContinuingEPS Initiative

WashingtonD.C. Aug. 24, 2021 — The Securities Exchange CommissionToday, it was announced that Pennsylvania-based Healthcare Services Group. Inc. $6 million settlement was reached to resolve charges that the company committed accounting and disclosure violations. The violations allowed the company’s quarterly earnings per share (EPS), to be reported at an inflated level that exceeded the consensus …

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source https://financialadvisorcomplaints.com/sec-charges-healthcare-services-companythe-cfo-failingto-accurately-report-loss-contingenciesas-part-of-continuingeps-initiative/

SEC Charges Penny Stock CompanyCEO OthersWith Multi-Million Dollar Fraud

WashingtonD.C. Aug. 16, 2021 — The Securities Exchange CommissionToday, the company announced that it had charged an issuer, its CEO and six other entities with taking part in a scheme to defraud penny stock investors. TheSEC also charged several participants with operating as unregistered dealer, and obtained emergency relief in an effort to stop their …

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source https://financialadvisorcomplaints.com/sec-charges-penny-stock-companyceo-otherswith-multi-million-dollar-fraud/