Financial Industry Regulatory Authority

First Western Capital Management (FWCM) to Pay $200k Fine For Recommending Unsuitable Investment

First Western to Pay $200k Fine For Recommending Unsuitable Investment

First Western Capital Management (FWCM) has been fined $200k by the US Securities and Exchange Commission for recommending investments to clients for seven years. The company is said to have invested over $666 million of clients’ money into securities they did not qualify for or …

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Edward Matthes Barred For Ponzi Scheme

Edward Matthes

The U.S Securities and Exchange Commission (SEC) has filed charges against Edward Matthes, registered representative of Mutual of Omaha Investor Services, accusing him of running a Ponzi like investment scheme that targeted investors in Wisconsin. Matthes is alleged by the SEC to have run an …

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