On October 30, 2015 in the Southern District of Ohio The Securities and Exchange Commission filed an enforcement action against William Apostelos and his companies WMA Enterprises, LLC, Midwest Green Resources, and OVO Wealth Management. The complaint alleged that Willlaim Apostelos and his companies conducted a fraudulent investment scheme. The…
On March 5, 2015 a federal judge ordered Deepal Wannakuwatte to pay over $100 million in restitution to the victims of his decade long ponzi scheme. In November of last year Deepal Wannakuwatte was sentenced to 20 years in prison and ordered to forfeit multiple properties, vehicles, business interests, and…
In August 2014, Feltl and Company signed a letter of Acceptance, Waiver, and Consent (“AWC”) in which FINRA alleged multiple failures by the firm between 2008 and 2012 concerning Feltl’s penny-stock business, including deficiencies in the firm’s supervisory procedures. FINRA alleged that Feltl failed to comply with suitability, disclosure, and…