January 19, 2021/US SEC The Securities and Exchange Commission charged father and son investment advisers, Michael and David Sztrom of Rancho Santa Fe, California, and their company Sztrom Wealth Management, Inc., with defrauding advisory clients by creating the false impression that Michael Sztrom was associated with registered investment adviser Advanced […]
Frauds & Scandals
SEC Awards Nearly $600,000 to Whistleblower
Awards Have Now Surpassed Record Amounts Awarded Last Fiscal Year January 14, 2021/US SEC The Securities and Exchange Commission today announced an award of nearly $600,000 to a whistleblower whose tip led to the success of an enforcement action. The whistleblower substantially contributed to an open investigation by providing detailed […]
SEC Charges Real Estate Fund Manager With Misappropriating Over $7 Million From Retail Investors
January 12, 2021/US SEC The Securities and Exchange Commission today charged fund manager Eric C. Malley and his company MG Capital Management L.P. with defrauding retail investors in two real estate funds managed by MG Capital. According to the SEC’s complaint, beginning in 2014, Malley – a licensed real estate […]
