Sylvester King Jr.— Alleged Sales of Undisclosed Securities Actions and Selling Away

investment fraud attorney ClevelandSylvester King Jr. Allegedly Sold over $5 Million Unregistered, Illiquid Securities to Certain Professional Athletes and Investment Advisory Clients in an Internet Branding Company Known as Global Village Concerns, Inc. or GVC

Sylvester King Jr., starting in 2009 and continuing into 2012, allegedly participated in sales of over $5 million of unregistered, illiquid securities to certain of his professional athlete brokerage customers and investment advisory clients in an internet branding company known as Global Village Concerns, Inc., or GVC, according to an SEC Order currently under review by attorneys Alan Rosca and James Booker.

Peiffer Rosca Wolf securities practice lawyers are investigating Sylvester King Jr.’s alleged sales of undisclosed securities actions.

Investors who believe they may have lost money in activity related to Sylvester King Jr.’s alleged sales of undisclosed securities actions are encouraged to contact attorneys Alan Rosca or James Booker with any useful information or for a free, no obligation discussion about their options.

What is more, from July 2009 up to 2012, Sylvester King Jr. allegedly violated policies with his employer, Ft. Lauderdale Wells Fargo, in order to purportedly help another broker cover up more than $400,000 in loans made to three customers at the firms, according to the aforementioned SEC Order.

What is more, King was named in connection with allegedly loaning another customer $25,000 without commission and taking part in undisclosed private securities transactions known as selling away, which allegedly allowed eight customers to invest more than $3 million, the Order notes.

King Suspended by FINRA for 18 Months and Ordered to Pay a $35,000 Fine

Sylvester King, Jr. allegedly became involved with GVC in 2009 after the company’s CEO came to him about raising money from investors, according to the aforementioned SEC Order being reviewed by attorneys Alan Rosca and James Booker.

King’s clients allegedly were implemented as the main source of money raised for the company, including $3.2 million in two stock offerings and another $2.5 million in convertible note offerings, the Order notes.

King, because he allegedly failed to disclose his own interest in the deal, allegedly violated the NFLPA code of conduct requiring advisers to disclose their financial interests, the Order notes. What is more, the SEC also charged King with allegedly misrepresenting or omitting information about GVC, the Order states.

In 2015, King was suspended from associating with any FINRA member brokerage firm for 18 months and ordered to pay a $35,000 fine, and FINRA then revoked his registration for allegedly failing to pay fines and costs, the Order notes.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of investment-related fraud or misconduct and are currently investigating Sylvester King Jr.’s alleged sales of undisclosed securities actions. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of Sylvester King Jr.’s alleged sales of undisclosed securities actions may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com.

Alan Rosca (1234 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.