September 14, 2022/US SEC The Securities and Exchange Commission today charged Chicago-based Loop Capital Markets, LLC for providing advice to a municipal entity without registering as a municipal advisor. The action marks the first time the SEC has charged a broker-dealer for violating the municipal advisor registration rule. According to […]
Frauds & Scandals
SEC Charges South Florida Venture Capital Firm and Others with Acting as Unregistered Brokers and Selling $3 Million in Securities to Investors
September 13, 2022/US SEC The Securities and Exchange Commission today announced charges against TBG Holdings Corporation (“TBG”), its principals Neil B. Swartz and Timothy S. Hart, and sales agents Ted L. Romeo, Vincent J. Caputo, and Frank S. Dickerson alleging registration violations for unlawfully selling shares of health management company […]
SEC Charges Former Investment Adviser with Stealing from Clients
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, […]
