Monthly Archives: January 2016

New Jersey Fund Manager Charged by SEC

By Tom Costello of Costello Law Group  William J. Wells, an investment manager for a New Jersey firm named Promitor Capital Management LLC, has been charged by the Securities and Exchange Commission (SEC) with fraud. According to the SEC, Wells operated a Ponzi-like scheme. Wells allegedly told investors he would invest their money […]

Continue Reading

Forest Hills Broker Barred

By Tom Costello of Costello Law Group  Jonathan Spencer Williams, a registered representative from Forest Hills, Maryland, was barred from the securities industry by the Financial Industry Regulatory Authority (FINRA). FINRA barred Williams after he did not provide testimony in a proceeding regarding his U-5. Williams has had five customer disputes, three of […]

Continue Reading