May 26, 2017
The head of a wealth management firm has agreed to pay approximately $1.7 million to settle a U.S. Securities and Exchange Commission suit in New York federal court, following an earlier guilty plea to an investment adviser fraud charge in a parallel criminal suit.
March 02, 2017
Broidy Wealth Advisors LLC CEO Marc Broidy pled guilty to a count of investment adviser fraud Thursday in Brooklyn federal court, admitting to withdrawing $640,000 in excess management fees and misappropriating $865,000 worth of stock held in trusts.