SEC v. Projaris Management, LLC et al., Case No. 1:13-cv-00849 (D.N.M.). On September 9, 2013, the SEC announced fraud charges against Projaris Management, LLC, Victory Partners Financial, Joe G. Lawler, Brandt A. Lawler, Michael S. Lawler, Ryan G. Lawler, Timothy J. Lawler, and Pamela Hass. The SEC alleges that Projaris, Victory and the Lawlers defrauded investors out of more than $835,000. According to the SEC, the defendants convinced investors to put their money in a pooled investment that supposedly invested commodities and real estate and a fund that invested overseas. However, the defendants stole the money for their personal use. In addition, the offerings were not covered by a registration statement filed with the SEC. Lastly, Hass solicited investors for Projaris, but was not a registered broker-dealer. The SEC charged Projaris, Victory, and the Lawlers with violating Section 10(b) of the Exchange Act and Rule 10b-5 thereunder, and Section 17(a) of the Securities Act of 1933. The SEC also charged Projaris, Victory, Joe Lawler, and Hass with violating Section 5 of the Securities Act. In addition, the SEC alleges that Joe Lawler and Hass violated Section 15(a) of the Exchange Act by acting as unregistered broker-dealers. The SEC seeks injunctive relief, disgorgement, and civil monetary penalties.
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