Advanced Practice Advisors News Today : Breaking News, Live Updates & Top Stories | Vimarsana

To embed, copy and paste the code into your website or blog: A long time ago, long before there existed any whistleblower statutes, I had a client – a CCO of a broker-dealer – who discovered some pretty funky trading at his firm.  As he tells the story, when he went to see his boss (who was the owner of the firm) to report his troubling discovery, the owner sidled out from behind his desk, and casually unbuttoned his suitcoat, deliberately revealing the handgun he had strapped to his belt, and told my guy, basically, that he must be mistaken about those trades.  My client took the not-s...

SEC: Father and Son Duo Misled Investors The charges against Michael and David Sztrom were filed late last week and are one of two complaints against advisors related to a California-based RIA. Michael Sztrom, a California-based advisor who was banned by broker/dealers from making investment recommendations, continued doing business anyway, using his son’s registered advisory firm as a front, and even impersonating his son on calls, according to a complaint filed by the Securities and Exchange Commission. The charge comes on the heels of another against a financial advisor, Arizona-...

Litigation Release No. 25011 / January 19, 2021 Securities and Exchange Commission v. Jacob C. Glick, Civil Action No. 21-CV-00075-JJT, (D. Ariz. filed January 15, 2021) The Securities and Exchange Commission announced charges against Jacob C. Glick of Scottsdale, Arizona, a former investment adviser representative associated with Advanced Practice Advisors, LLC (APA), for repeatedly defrauding and breaching his fiduciary duty to advisory clients. The SEC's complaint alleges that from mid-2016 through mid-2018, Glick defrauded his advisory clients in three different ways. First, Glick allege...

Litigation Release No. 25010 / January 19, 2021 Securities and Exchange Commission v. Michael Sztrom, David Sztrom, and Sztrom Wealth Management, Inc., Civil Action No. 21-CV-00086-H-RBB (S.D. Cal. filed January 15, 2021) The Securities and Exchange Commission charged father and son investment advisers, Michael and David Sztrom of Rancho Santa Fe, California, and their company Sztrom Wealth Management, Inc., with defrauding advisory clients by creating the false impression that Michael Sztrom was associated with registered investment adviser Advanced Practice Advisors, LLC (APA). The SEC's c...