May 4, 2023/US SEC The Securities and Exchange Commission today announced settled charges against Fargo, North Dakota-based investment adviser Classic Asset Management LLC (CAM) and indirect part-owner and investment adviser representative Douglas G. Schmitz for breach of fiduciary duty in connection with the use of leveraged exchange traded funds (ETFs) […]
Frauds & Scandals
SEC Charges Call Room Operator with Fraud
May 3, 2023/US SEC The Securities and Exchange Commission charged Lee Cohen, a citizen of the United Kingdom, with violating the federal securities laws through his participation in a fraudulent scheme to manipulate trading in the stock of HD View 360 Inc., a now-defunct microcap company that was based in […]
SEC Alleges Son and Father-In-Law Touted Faith to Target Church Members in $20 Million Offering Fraud
May 3, 2023/US SEC On May 2, 2023, the Securities and Exchange Commission charged Brett M. Bartlett, his father-in-law Scott A. Miller, and their companies for fraudulent securities offerings that raised at least $20.5 million, some of which Bartlett and Miller misused for personal expenses. According to the SEC’s complaint, from […]
