Tag Archives: Investment Advisers Act

SEC Charges Gary Snisky with Defrauding Elderly Investors

SEC v. Gary C. Snisky, Case No. 1:13-cv-03149 (D. Colo.).  On November 21, 2013, the SEC announced it charged Gary Snisky with defrauding elderly investors.  According to the SEC, Snisky targeted retired annuity holders by using insurance agents to sell … Continue reading

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SEC Charges Investment Advisers Gregory Adams and Larry Grossman with Fraud

In the Matter of Larry C. Grossman and Gregory J. Adams, Admin. Proc. No. 3-15617. On November 20, 2013, the SEC announced it issued an Order Instituting Administrative Cease-and-Desist Proceedings (“OIP”) against investment advisers Larry Grossman and Gregory Adams.  The … Continue reading

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SEC Enters into Deferred Prosecution Agreement with Scott Herckis

On November 12, 2013, the SEC announced that it entered into its first deferred prosecution agreement (“DPA”) with an individual.  DPAs are intended to encourage cooperation with the SEC as it investigates wrongdoing.  In return for such cooperation, the SEC … Continue reading

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SEC Charges Further Lane Asset Management, GW & Wade, and Knelman Asset Management Group with Violating Custody Rules

In the Matter of Further Lane Asset Management, LLC, et al., Admin. Proc. No. 3-15590; In the Matter of GW & Wade, LLC, Admin. Proc. No. 3-15589; In the Matter of Knelman Asset Management Group, LLC et al., Admin. Proc. … Continue reading

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SEC Charges Stephen Kirkland and his Company The Kirkland Organization with Securities Fraud for Misleading Investors About the Returns on their Investments

SEC v. Stephen L. Kirkland and The Kirkland Organization, Inc., Case No. 1:13-cv-3150-JEC (N.D. Ga.).  On September 23, 2013, the SEC announced fraud charges against Stephen L. Kirkland and his company The Kirkland Organization, Inc. (“TKO”).  According to the SEC, … Continue reading

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SEC Charges Money Manager Frederick Scott with Defrauding Investors

SEC v. Frederick D. Scott, Case No. CV 13-5113 (E.D.N.Y.).  On September 13, 2013, the SEC announced fraud charges against Fredrick D. Scott whose firm ACI Capital Group was registered as an investment adviser.  In a parallel criminal action, the … Continue reading

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SEC Obtains Emergency Relief against Investment Adviser Paul Marshall for Misappropriating Client Funds

SEC v. Paul Marshall, Bridge Securities, LLC a/k/a Bridge Financial, Bridge Equity, Inc. and FOGFuels, Inc., Case No. 1:13-CV-3032 (N.D. Ga.).  On September 12, 2013, the SEC announced it filed an action seeking a temporary restraining order and other emergency … Continue reading

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SEC Obtains Emergency Relief against Anthony Davian and His Asset Management Firm

SEC v. Anthony J. Davian and Davian Capital Advisors, LLC, Case No. 5:13-cv-1762 (N.D. Ohio.).  On August 14, 2013, the SEC announced it obtained a temporary restraining order and asset freeze against Anthony Davian and his asset management firm for … Continue reading

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SEC Obtains Emergency Asset Freeze against Steven Heinz

SEC v. Steven B. Heinz, et al., Case No. 2:13-cv-00753 (D. Utah).  On August 8, 2013, the SEC announced it obtained a temporary restraining order and emergency asset freeze against Steven B. Heinz and his company S.B. Heinz and Associates, … Continue reading

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SEC Charges Investment Adviser Chauncey Mayfield and Others with Stealing Money from the Detroit Police and Firefighters Pension Fund

SEC v. MayfieldGentry Realty Advisors et al., Case No. 2:13-cv-12520 NGE MAR (E.D. Mich.).  On June 10, 2013, the SEC announced it filed a complaint against Chauncey C. Mayfield for taking $3.1 million from the Police and Fire Retirement System … Continue reading

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