NFL Player Adviser Settles With SEC Over Unregistered Sales

Law360, New York (February 13, 2017, 5:08 PM EST) -- A former investment adviser for Morgan Stanley and Wells Fargo on Friday settled with the U.S. Securities and Exchange Commission over allegations he sold more than $5 million in unregistered, illiquid stock to NFL players while misrepresenting their investment returns and failing to disclose his financial stake in the deal.

The SEC accused Sylvester King Jr. of failing to verify investment information for clients from the National Football League Players Association who invested in Global Village Concerns Inc., an internet branding company no longer in operation. The adviser additionally didn't notify these clients that he was paid in Global Village Concerns...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!