sec

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 …

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

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 …

Edward Matthes Barred For Ponzi Scheme Read More »

Rothenberg Ventures Ordered to Pay Over $31 Million

Rothenberg Ventures

Michael B. Rothenberg, the famous San Francisco based tech fund adviser, has been ordered by a federal court to pay over $31 million as penalties for misappropriation of investor money through disgorgement and prejudgment interest. The Securities and Exchange Commission (SEC) had previously charged the …

Rothenberg Ventures Ordered to Pay Over $31 Million Read More »

SEC Charges Investment Advisor For Over Charging Clients

sec

Stephen Brandon Anderson, an investment advisor was charged by the Securities Exchange Commission (SEC) for swindling his clients by overcharging counseling fees of $367,000 or more. As per the SEC’s report, Anderson operated and owned River Source Wealth Management, an LLC that has now become …

SEC Charges Investment Advisor For Over Charging Clients Read More »

Scroll to Top