July 24, 2020/US SEC The Securities and Exchange Commission today charged Trustify Inc., an online marketplace purportedly designed to connect customers to a network of private investigators, and its founder and CEO Daniel Boice with fraudulently offering and selling over $18.5 million of securities to more than 90 corporate and […]
Frauds & Scandals
SEC Charges Financial Advisor with Fraud for Stealing Millions from Investors
July 20, 2020/US SEC The Securities and Exchange Commission today charged former registered representative and investment adviser Michael Barry Carter with fraud for stealing from brokerage customers and an elderly advisory client. The SEC’s complaint alleges that Carter, a financial advisor in the McLean, Virginia office of a large financial institution, […]
UBS to Pay $10 Million for Violating Rules Which Give Priority To Retail Investors in Municipal Offerings
July 20, 2020/US SEC The Securities and Exchange Commission today announced that UBS Financial Services Inc. has agreed to pay more than $10 million to resolve charges that it circumvented the priority given to retail investors in certain municipal bond offerings. According to the SEC’s order, over a four-year period, […]
