SEC Brings Action Against Adviser Newsletter Publisher

December 16, 2011

12.7. 2011  The SEC brought an administrative action against Kenneth E. Marsh, Baldwin Anderson, Robert Anthony Budion, Jeanne M. Lada, and James T. Levier alleging that from at least 2007 through April 2010, they marketed their company, Gryphon Holdings, Inc., as a publisher of financial and investment newsletters, and repeatedly made false statements on the Internet and over the telephone about virtually every aspect of the firm’s business.


The misrepresentations included information about the scope of the firm’s investment management operations, the past performance of its trading recommendations, the credentials and qualifications of its staff and the satisfaction of prior clients.

Click http://www.sec.gov/litigation/admin/2011/ia-3329.pdf to access the administrative action.


Categories

Enforcement Actions, Investment Advisers