Ray Davis & Behavioral Recognition Systems, Inc. (BRS) — Alleged Fraudulent Scheme Involving Material Misrepresentations

Ray C. Davis and Behavioral Recognition Systems, Inc., or BRS, Allegedly Solicited over $28 Million from Investors in Seven Equity Offerings between January 2013 and July 2015 Ray Davis and Behavioral Recognition Systems, Inc., or BRS, allegedly solicited over $28 million from investors in seven equity offerings between January 2013 and July 2015, according to… Read more »

Gignesh Movalia—Investment Advisor Fraud

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Gignesh Movalia Allegedly Engaged in a $9 Million Investment Fraud Scheme Involving Facebook Stock Gignesh Movalia, from Tampa, Florida, and a registered investment advisor, allegedly engaged in a $9 million investment fraud scheme involving Facebook stock, according to FBI Documents currently under review by attorneys Jason Kane and Joe Peiffer. Furthermore, Movalia, the founder and… Read more »

James Michael Ham—Refusal to Appear for Testimony, Allegedly Engaging in Undisclosed Outside Business Activities

James Michael Ham Allegedly Refused to Appear for Testimony Regarding an Investigation into a Customer Deposit of Approximately $170,000 James Michael Ham allegedly refused to appear for testimony regarding an investigation into a customer deposit of approximately $170,000, according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC). FINRA also notes that it… Read more »

Ronald Seth Cohen—Outside Business Activities with No Prior Notice

Ronald Seth Cohen Allegedly Engaged in Three Outside Business Activities Without Prior Notice to Morgan Stanley Ronald Seth Cohen, from September 2011 through 2014, allegedly took part in three outside business activities without providing the proper prior notice to his member firm, Morgan Stanley, according to a recent FINRA Letter of Acceptance, Waiver and Consent… Read more »

Anthony Gary Epps—Participation in Private Securities Transactions

Anthony Gary Epps Reportedly Participated in Private Securities Transactions by Allegedly Investing $190,000 in a Privately Held Start-Up, NHJ Anthony Gary Epps reportedly participated in private securities transactions by allegedly investing $190,000 in a privately held start-up known as NHJ, a privately held entity, according to a recent FINRA Letter of Acceptance, Waiver and Consent… Read more »

Joel Carlson Sentenced for Customer Fund Theft

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Joel William Carlson of Vadnais Heeights, MN, Sentenced to Prison for Tax Fraud, Misappropriating $1.5 Million from Clients Joel William Carlson, 43, and a Vadnais Heights, MN investment advisor Investment adviser has been sentenced to prison after perpetrating a $1.5M fraud against clients, according to reports from the Minnesota’s U.S. Attorney’s Office. Carlson also pleaded… Read more »

GLR Growth Fund, California RIA, Barred by the SEC After Falsely Claiming Fund was “SEC Approved”

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California-based RIA, GLR Growth Fund, has been banned from the industry by the SEC this week after the firm was charged with allegedly misleading investors, and also falsely claiming that its fund was “SEC approved,” according to charges filed by the SEC currently under review by attorneys Jason Kane and Joe Peiffer. Said charges further… Read more »

Robare Group Was Charged for Failing to Inform Clients of Clandestine Relationship with Unspecified Broker-Dealer

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Houston-based investment adviser Robare Group did not divulge to its clients that it was getting commissions from a broker for staking funds recommended by said broker, the Securities and Exchange Commission claims. Robare Group received $441,000 in Broker Fees, according to the SEC Following an arrangement made in 2004, Robare took in hundreds of thousands… Read more »

Michael DeRosa Barred from Securities Industry in Connection with Success Trade Note Sales

Michael Andrew DeRosa, an investment professional, has been permanently barred from the securities industry by the regulators for his alleged participation in the sale of promissory notes issued by Success Trade Securities. Michael DeRosa’s case is related to an earlier regulatory case currently pending against Success Trade Securities and its CEO, Fuad Ahmed, arising out of their alleged… Read more »

Fri Hensley & Company, Nicholas Fry Investigated by Securities Lawyers

Fry Hensley and Company (FHC) and its president, Nicholas L. Fry, are being investigated by the Peiffer Wolf securities lawyers in following sanctions by the Securities and Exchange Commission (SEC) for allegedly failing to disclose to their clients significant conflicts of interest from which they profited at their clients’ expense. Fry Hensley and Company and Fry… Read more »