January 21, 2021/US SEC The Securities and Exchange Commission today announced that it updated its list of unregistered entities that use misleading information to solicit primarily non-U.S. investors, adding 28 soliciting entities, three impersonators of genuine firms, and six bogus regulators. The SEC’s list of soliciting entities that have been […]
Frauds & Scandals
SEC Charges California Resident with Fraudulent Free Riding Scheme
January 19, 2021/US SEC The SEC announced fraud charges against California resident Abhi Batra for allegedly conducting a free-riding scheme in which he fraudulently reversed more than $1 million in Automated Clearing House (ACH) transfers. The SEC’s complaint alleges that Batra transferred money from bank accounts to brokerage accounts via […]
SEC Charges Father and Son Investment Advisers with Fraud
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 […]
