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Investment Advisers Act of 1940

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Investment Adviser From Area Charged With Stealing $700K From Church Investment Adviser From Area Charged With Stealing $700K From Church
Investment Adviser From Area Charged With Stealing $700K From Church A financial adviser from Westchester is facing charges for allegedly defrauding members of a religious group he belongs to out of hundreds of thousands of dollars, the Securities and Exchange Commission (SEC) announced. This week, the SEC announced it is charging Evarist Amah, of New Rochelle, for his role in a years-long scheme to defraud members of the Grail Movement while operating the financial firm EAC Capital, which dissolved last summer. According to the complaint, between April 2016 and July 2019, Amah, while working out of EAC Capital in New Rochelle, allegedly schemed to raise ap…

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by Zak Failla
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Adviser, CEO From Litchfield Charged With Misleading Retail Investors Adviser, CEO From Litchfield Charged With Misleading Retail Investors
Adviser, CEO From Litchfield Charged With Misleading Retail Investors The federal Securities and Exchange Commission charged a Connecticut investment advisory firm and its chief executive officer with putting $19 million of investor money, including elderly investors' retirement savings and pension plans, in risky investments and secretly pocketing hefty commissions from those investments. The SEC's complaint alleges that Temenos Advisory, Inc. and George L. Taylor steered advisory clients and other investors, including senior citizens and individuals approaching retirement, into four risky, illiquid private offerings.  While Temenos and Taylor charged adviso…

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by Jon Craig