March 16, 2022/US SEC The Securities and Exchange Commission today announced fraud charges against five individuals for allegedly operating a call center in Medellin, Colombia, which used high pressure sales tactics and made false and misleading statements to retail investors to convince them to buy the stocks of small companies […]
Frauds & Scandals
SEC Charges Former Financial Adviser Representative with Misappropriating Investor Funds
March 16, 2022/US SEC The U.S. Securities and Exchange Commission yesterday charged a former New Jersey broker and investment adviser representative with misappropriating at least $680,000 from his advisory clients and brokerage customers, some of whom were elderly or suffering from memory loss. The SEC’s complaint alleges that, between at […]
SEC Obtains Final Judgment Against Real Estate Fund Manager and Its Founder Who Fabricated Track Record and Misappropriated Millions from Investors
March 15, 2022/US SEC The Securities and Exchange Commission announced today the entry of final consent judgments on March 14, 2022 against fund manager Eric C. Malley and his company, MG Capital Management L.P., who, along with two related entities Malley controlled, have agreed to pay over $12 million to […]
