SEC Claims Father and Son Duo Misled Investors
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-...
Source: wealthmanagement.com