SEC Says Real Estate Fund Trafficked Bad Mortgages

Law360, New York (April 11, 2011, 3:19 PM EDT) -- The U.S. Securities and Exchange Commission sued a California wealth management company and two of its executives Thursday for allegedly using more than $10 million in customer funds to issue risky second mortgages while promising a safe investment vehicle.

According to a complaint filed in the U.S. District Court for the Central District of California, MAM Wealth Management LLC; its CEO, owner and Chief Compliance Officer Alex Martinez; and one of the firm's registered representatives, Rafael R. Sanchez, told investors that an investment in the MAM...
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Case Information

Case Title

Securities and Exchange Commission v. MAM Wealth Management, LLC et al

Case Number



California Central

Nature of Suit



S. James Otero

Date Filed

April 7, 2011

Government Agencies

UK Financial Services

UK Financial Services

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