Category: Defrauded Investors

SEC-PR-2412-193

SEC-PR-2412-193 (Dec. 9, 2024) (SEC-PR-2412) SEC Charges Morgan Stanley Smith Barney for Policy Deficiencies that Resulted in Failure to Prevent and Detect its Financial Advisors’ Theft of Investor Funds Excerpt: Washington D.C., Dec. 9, 2024 — The Securities and Exchange Commission today charged Morgan Stanley Smith Barney LLC (MSSB) with failing to reasonably supervise four […]

SEC-PR-2024-183

SEC-PR-2024-183 (11-21-24) SEC Charges Advisory Firm La Mancha and its Owner David Kushner with Fraud – Defendants, who purported to make business loans, including to professional athletes, allegedly stole investor funds to pay for personal expenses Excerpt: Washington D.C., Nov. 21, 2024 — The Securities and Exchange Commission today charged David Kushner, a resident of […]