Former Blucora CEO Says Firm Is Rewriting History in SEC Filings As Blucora continues to face a proxy battle with activist investor Ancora, its former CEO John Clendening accuses the company of filing false statements. Investment advisory firm and shareholder Ancora is waging a public proxy battle with executives at Blucora, the parent company of tax-centric broker/dealer Avantax Wealth Management. Ancora claims the company is mismanaging its broker/dealer business and causing many firms to leave. This week, Blucora’s former CEO John Clendening, who abruptly stepped down from that firm in January 2020, came out with his own statement, accusing his former employer of filing “inaccurate and misleading 8-Ks” in its response to Ancora’s charges. In essence, those recent filings re-write history, he says, criticizing the company’s strategy under his management in contrast to more the more positive statements found in filings to the Securities and Exchange Commission made at the time.