SEC Sues West End Investment Firms For Fraud

Law360, New York (January 20, 2011, 7:10 PM EST) -- The U.S. Securities and Exchange Commission on Thursday accused three affiliated New York-based investment firms and four former senior officers with fraud, misuse of client assets and other violations involving their $66 million advisory business.

William Landberg and Kevin Kramer — who were the investment adviser and president, respectively, of a group of firms including West End Financial Advisors LLC, West End Capital Management LLC and Sentinel Investment Management Corp. — misled investors into believing their money was safe even though West End was in dire...
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