April 15, 2024/US SEC On April 12, 2024, the Securities and Exchange Commission obtained a final judgment against defendant Scott Lindell, whom the SEC previously charged with misconduct concerning a more than $1 billion overvaluation scheme. Lindell is a former senior officer of SEC-registered investment adviser Infinity Q Capital Management […]
Frauds & Scandals
SEC Charges Five Investment Advisers for Marketing Rule Violations
April 12, 2024/US SEC The Securities and Exchange Commission today announced settled charges against five registered investment advisers for Marketing Rule violations. All five firms have agreed to settle the SEC’s charges and to pay $200,000 in combined penalties. The five advisory firms are: GeaSphere LLC Bradesco Global Advisors Inc. […]
SEC Charges Real Estate Developer JL Real Estate Development Corporation with EB-5 Financing Offering Fraud
April 12, 2024/US SEC The Securities and Exchange Commission today announced fraud charges against a Los Angeles real estate developer, JL Real Estate Development Corporation, its chief executive officer, Lixin Azarmehr, and EB-5 offering and developing entities Nevada Skilled Nursing Lender, LLC (“Lender”) and Nevada Skilled Nursing Development, LLC (“Developer”) […]
