Year: 2016

It is axiomatic that investment advisers have a fiduciary duty to use investor funds entrusted to them for the benefit of the investors. The duty applies to registered and unregistered investment advisers. The Commission’s latest action involving an unregistered investment …

SEC Charges Adviser With Misappropriation Read More »

Tagged with: , ,

Former financial executive Andrew Caspersen was sentenced to serve four years in prison after defrauding investors of over $38 million followed by three years of supervised release. Restitution will be determined by the court at a later date. U.S. v. …

Financial Executive Sentenced to Four Years in Prison Read More »

Tagged with: , ,