20/9/2018/US SEC On September 13, 2018, Homero Joshua Garza, 33, was sentenced to 21 months of imprisonment in connection with a wire fraud charge brought by the U.S. Attorney for the District of Connecticut. His prison term will be followed by three years of supervised release, the first six months of […]
Frauds & Scandals
SEC Charges Two Brokers with Defrauding Customers
19/9/2018/US SEC On September 7, 2018, the Securities and Exchange Commission charged two brokers for recommending excessive levels of trading that were costly for retail customers but lucrative for the brokers. In separate complaints filed in federal court in Manhattan on Friday, the SEC alleges that Florida resident Emil Botvinnik […]
SEC Charges Indianapolis Investment Advisers with Defrauding Retail Advisory Clients
19/9/2018/US SEC On September 14, 2018, the Securities and Exchange Commission charged an Indianapolis-based investment advisory firm and its sole owner with selling approximately $13 million of high-risk securities to more than 120 advisory clients – many of whom are current or former teachers or other workers in public education […]
