September 13, 2022/US SEC The Securities and Exchange Commission today announced fraud charges against former investment adviser representative Marc J. Frankel, who allegedly misappropriated client funds to pay his personal expenses. According to the SEC’s complaint, between December 2017 and June 2020, Frankel stole more than $743,000 from two clients, […]
Frauds & Scandals
SEC Brings Settled Actions Charging Cherry-Picking and Compliance and Supervisory Failures
September 13, 2022/US SEC The Securities and Exchange Commission today announced that Scott Adam Brander, of Delray Beach, Florida, Brander’s former employer Buckman Advisory Group, LLC, a New Jersey based investment advisory firm, and Henry J. Buckman, Jr., Brander’s former supervisor, each agreed to settle charges related to Brander’s multiyear, […]
SEC Charges Two Advisory Firms for Custody Rule Violations, One for Form ADV Violations, and Six for Both
September 9, 2022/US SEC The Securities and Exchange Commission today announced charges against a number of investment advisers that failed to comply with requirements relating to safekeeping client assets and/or to timely update their SEC disclosures to reflect the status of audits of financial statements for the private funds they […]
