August 30, 2024/US SEC The Securities and Exchange Commission today announced charges against purported investment adviser Wisdom Capital Management Group Ltd. (“Wisdom”) for making material misrepresentations and unsubstantiated statements in a form filed with the SEC regarding Wisdom’s organization, office location, assets under management, and clients. The SEC’s complaint, filed […]
Frauds & Scandals
SEC Charges Brothers Jonathan and Tanner Adam with $60 Million Ponzi Scheme and Obtains Emergency Relief
August 30, 2024/US SEC The Securities and Exchange Commission announced that it obtained an emergency asset freeze against Jonathan Adam and Tanner Adam, and their two respective entities GCZ Global LLC and Triten Financial Group LLC, to halt a $60 million Ponzi scheme impacting more than 80 investors across the […]
SEC Obtains Final Judgments Against Unregistered Brokers That Facilitated More Than $1.2 Billion In Primarily Penny Stock Trades
August 30, 2024/US SEC On August 27, 2024, the U.S. District Court for the Southern District of New York entered final judgments against GEL Direct LLC, GEL Direct Trust, Jeffrey K. Galvani, and Stuart A. Jeffery, whom the SEC previously charged for operating as unregistered brokers. According to the SEC’s […]
