September 25, 2021/US SEC The Securities and Exchange Commission today charged Thomas Powell and Stefan Toth, and their entities, Resolute Capital Partners LTD LLC and Homebound Resources LLC, with making material misrepresentations and omissions in connection with more than a dozen unregistered oil and gas securities offerings. Powell and Toth […]
Frauds & Scandals
SEC Charges Investment Adviser and Its President for Investing Clients in Higher Cost Mutual Funds to Avoid Paying Transaction Costs
September 24, 2021/US SEC The Securities and Exchange Commission announced charges against Buttonwood Financial Group, LLC (“Buttonwood”), a Kansas City, Missouri-based registered investment adviser, and Jon Michael McGraw, its president, chief compliance officer, and majority owner, in connection with investing client assets in generally more expensive mutual funds so that […]
SEC Charges New Yorker for Running Ponzi Scheme Targeting Haitian American Community
September 24, 2021/US SEC The Securities and Exchange Commission yesterday filed charges against Frantz Simeon, of Brooklyn, New York, and an entity he controls, First Black Enterprises, Inc., for operating a Ponzi-like scheme that defrauded predominately Haitian American New Yorkers. According to the SEC’s complaint, filed in the U.S. District […]
