October 27, 2021/US SEC The Securities and Exchange Commission yesterday charged a New Jersey-based individual with stealing money from investment advisory clients, and doing so while he was subject to a prior SEC order barring him from being in the investment advisory business. The SEC’s complaint, filed in the U.S. […]
Frauds & Scandals
SEC Obtains Asset Freeze and Other Relief in Halting Penny Stock Scheme on Twitter
October 26, 2021/US SEC The Securities and Exchange Commission today announced that it filed an emergency action, and obtained an injunction and asset freeze, against Steven M. Gallagher for allegedly committing securities fraud through a long running scheme to manipulate stocks using Twitter. The SEC’s complaint alleges that, since at […]
SEC Charges Colorado Investment Adviser with Fraud
October 26, 2021/US SEC The Securities and Exchange Commission charged Ann M. Vick with fraudulently raising approximately $3.2 million from nearly two dozen investors for AMV Investments LLC, a pooled investment fund of which she is the sole owner. The SEC’s complaint, filed in the United States District Court for […]
