Since at least January 2014, Springer and the investment adviser firm he controls, Springer Investment Management, Inc. dba Springer Financial Advisors (“SFA”), which is registered with the SEC, have engaged in a pattern of deceptive conduct specifically targeted at retirees and near-retirees, including making false and misleading representations to clients and prospective clients and breaching the fiduciary duty they owed to their clients.

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On December 4, 2019, the Securities and Exchange Commission, (the “SEC” or “Commission”) filed a complaint against the defendants SBB Research Group, LLC (“SBB”), a registered investment adviser to several private investment funds (the “Funds”), Samuel Barnett (SBB’s owner and Chief Executive Officer (“CEO”) and Matthew Aven (SBB’s Chief Operations Officer (“COO”).

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SEC Sanctions Fund

Nov 13, 2019 9:46:49 AM

On November 6, 2019, the SEC announced an action against Investment Adviser BOLTON SECURITIES CORPORATION, dba BOLTON GLOBAL ASSET MANAGEMENT, for failing to disclose material conflicts of interest related to mutual fund 12b-1 fees and principal trading compensation generated from client investments. A Jury Trial is being demanded.

Convergence will supply its E-Risk Report, which gives insight into the high-risk business conditions that likely to have set the stage for the SEC actions, free to anyone that inquires. Report release, November 18th.

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