On August 25, 2015 the Securities and Exchange announced that James R. Glover, a former registered representative with Signator Investors, Inc. submitted an Offer of Settlement which the SEC accepted. Solely for the purpose of the SEC’s proceedings and without admitting or denying the findings herein, James R. Glover agreed…
On September 8, 2015 the SEC barred Marc Mandel of Boulder, CO who called himself the “Wizard of Wall Street” from selling stocks, and ordered him to pay fines to the Commission. Mandel, CEO of Wall Street Radio Inc. and host of the radio show “Winning on Wall Street” accepted…
On September 9, 2015 the Securities and Exchange announced administrative and cease and desist proceedings against Dawn J. Bennett a former registered representative with Western International Securities in Washington, D.C. The SEC’s complaint alleges that from 2009 through February 2011, Bennett Group Financial and Bennett, made material misstatements and omissions…
On January 6, 2016 the SEC charged Sheik Khan (aka Abida Khan,) a registered representative formerly with Ameritas Investment Corp. out of Murrieta, CA with violations of Section 10 of the Exchange Act and Rule 10(b)(5) and Section 206 of the Advisors Act. The complaint against Sheik Khan arises from…
On January 6, 2016 the SEC charged Larry Werbel, a registered representative formerly with Summit Brokerage Services of Chagrin Falls, OH with violations of Section 10 of the Exchange Act and Rule 10(b)(5) and Section 206 of the Advisors Act. The complaint against Larry Werbel arises from a claim the…
On September 30, 2015 the Securities and Exchange announced that Edward Borg submitted an Offer of Settlement. Solely for the purpose of the SEC’s proceedings and without admitting or denying the findings herein, Edward Borg consented to the findings that he periodically manipulated the market for Natural Alternatives International, Inc.’s…
On September 30, 2015 the Securities and Exchange announced that Securus Wealth Management LLC submitted an Offer of Settlement. Solely for the purpose of the SEC’s proceedings and without admitting or denying the findings herein, Securus Wealth Management and James Goodland consented to the findings that from January 2010 through…
On January 27, 2015, the Securities and Exchange Commission obtained a final judgment against Edwin Fujinaga and MRI International, Inc. The judgment requires Fujinaga and MRI to pay more than $580 million. The SEC alleged that MRI International and Edwin Fujinaga perpetrated an elaborate Ponzi scheme designed to misappropriate money…
On April 7, 2015 the SEC charged Los Angeles-based Pacific West Capital Group, Inc. and its owner Andrew Calhoun with fraud in the sale of “life settlement” investments. The SEC’s complaint alleges that since 2004, Pacific West and Calhoun raised nearly $100 million from life settlement investors. Since at least…
On December 18, 2015 the SEC charged Edward Durante, a recidivist securities law violator for running a multi-year securities offering fraud that targeted investors in New England, Ohio and California. The SEC alleges that between 2012 and 2014, Edward Durante defrauded at least 50 unsophisticated investors of $11 million through…