Close

SEC

GPB Capital Officer Charged with Stealing Information from SEC

The Department of Justice has charged Michael Cohn, former Chief Compliance Officer of GPB Capital Holdings, for stealing information related to an SEC investigation. The U.S. Attorney’s Office for the Eastern District of New York charged Cohn with obstruction of justice, unauthorized computer access, and unauthorized disclosure. Cohn pled not […]

Continue Reading

SEC Adopts Regulation Best Interest and Other Reforms Aimed at Protecting Retail Investors

Last week, the Securities and Exchange Commission passed a package of regulations aimed at reforming standards for brokers and financial advisors providing investment advice. According to the SEC, the regulations are “designed to enhance the quality and transparency of retail investors’ relationships with investment advisers and broker-dealers, bringing the legal […]

Continue Reading

Executive Pleads Guilty to Defrauding Investors out of $38 million

By Tom Costello of Costello Law Group  Andrew Caspersen, a former Park Hill Group executive, has agreed to a settlement with the SEC that bars him from the securities industry. Caspersen also pleaded guilty in July to defrauding investors out of more than $38 million. Caspersen will be sentenced on November 2, 2016. […]

Continue Reading

Ex Eagles Player in Trouble with the SEC

By Tom Costello of Costello Law Group  The Securities and Exchange Commission filed a complaint against former Philadelphia Eagle, Merrill Robertson, Jr., and his partner Sherman Vaughn. The SEC believes that Robertson and Vaughn defrauded investors out of $6 million. Robertson and Vaughn were able to raise $10 million from investors based upon […]

Continue Reading

Broker Barred for Biosyntec Investments

By Tom Costello of Costello Law Group The Securities and Exchange Commission has ordered Lee Weiss and his brokerage firm, Family Endowment Partners, LLC, to refund $8.4 million to defrauded investors. Additionally, the SEC fined Mr. Weiss $1.5 million and barred him from the securities industry. The SEC believes that Mr. Weiss had […]

Continue Reading

Firm and Founder Expelled from the Securities Industry

By Tom Costello of Costello Law Group William Marshall Dratel and his firm, The Dratel Group, Inc., were both expelled from the securities industry by the Financial Industry Regulatory Authority (FINRA). The Securities and Exchange Commission (SEC) also imposed sanctions on the firm for allegedly engaging in a trading scheme in which Dratel […]

Continue Reading

Radio Show Host Barred by the SEC

By Tom Costello of Costello Law Group Washington, D.C. based financial advisor and radio talk show host, Dawn Bennett, and her firm, Bennett Financial Group, have been barred by the Securities and Exchange Commission (SEC). The SEC announced their charges of fraud against Bennett in September 2015. Leading up to these charges, Bennett […]

Continue Reading