RIABiz

News, Vision & Voice for the Advisory Community

RIABiz

Aequitas duped 1,500 investors in 'Ponzi-like' scheme as it jetted and golfed its way to insolvency, says SEC complaint

The big picture includes blind faith in supposed guarantees on student loan debt that kept the cash flowing into a black hole

Author Sanders Wommack March 11, 2016 at 10:06 PM
Admin:
no description available
The SEC is seeking permanent injunctions, disgorgement with prejudgment interest and monetary penalties from CEO Robert Jesenik, who reportedly received a $685,000 salary as his firm tanked.

James Eccleston

James Eccleston

April 4, 2016 — 1:53 PM

My name is James Eccleston, and I own Eccleston Law LLC, a law firm located in Chicago, Illinois. We represent financial advisors & investors nationwide in securities & employment matters. We recently wrote about this story on our blog here: www.ecclestonlaw.com. If you or anyone you know are in need of legal assistance, contact us today.


Related Moves

November 18, 2022 at 2:56 AM

In RIA custody milieu, Charlie Scharf's BNY Mellon exit for Wells Fargo is latest unforeseen vapor trail after Lisa Dolly, Tim Hockey, Terri Kallsen, Andy Gill and others fade into the firmament

The CEO-for-rent will face a monumental challenge turning around Wells Fargo, but perhaps not as bleak a landscape for profit margins; Is the RIA free ride coming to an end?

October 1, 2019 at 1:06 AM


RIABiz Directory

The Industry Sourcebook for RIAs

   |    LISTING


RIABiz Directory sponsored by:

Directory Sponsor Logo