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, […]
Frauds & Scandals
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 […]
SEC Charges “Money Magnet” Promoter and Company with Offering Fraud Totaling Approximately $300,000
September 8, 2022/US SEC The Securities and Exchange Commission charged Money Magnet Platinum Membership Initiative LLC (“MMPMI”) and its principal, LaKenya Hopkins, with fraudulently raising funds and misappropriating those funds from investors. The SEC’s complaint alleges that, between late 2020 and early 2021, Hopkins and MMPMI solicited more than 100 […]
