March 7, 2025/US SEC The Securities and Exchange Commission today filed settled charges against registered investment adviser Momentum Advisors LLC, its former managing partner Allan J. Boomer, and its former chief operating officer and partner Tiffany L. Hawkins, for breaches by Boomer and Hawkins of their fiduciary duties when they […]
Frauds & Scandals
SEC Obtains Final Judgment Against Pennsylvania Man for His Fraudulent “Free-Riding” Scheme
March 6, 2025/US SEC On March 6, 2025, the Securities and Exchange Commission obtained a final judgment against Rey D. Acosta of Shenandoah, Pennsylvania, who was charged with conducting a fraudulent “free-riding” scheme in which he attempted to profit by purchasing and selling stocks without having sufficient funds to pay […]
SEC Obtains Final Judgment Against Relief Defendant in Offering Fraud Scheme
March 4, 2025/US SEC On March 4, 2025, the U.S. District Court for the Eastern District of New York entered a final consent judgment against relief defendant Leonard Quartararo. The Commission’s complaint, filed on April 27, 2021, alleged that Peter Quartararo engaged in a scheme to defraud investors by claiming […]
