The Securities and Exchange Commission has charged New York-based Battery Private, an investment firm, and its founder Jeffrey Slothower with misappropriating more than $1 million from a client and prospective client and defrauding investors in two separate schemes, as well as submitting false information on SEC filings.
The SEC's complaint alleges that in Slothower’s first alleged scheme, he misappropriated more than $1 million from an advisory client and her spouse, a prospective client. In the second, he allegedly made material misrepresentations in connection with private sales of a penny stock owned by Battery Private.
The SEC’s complaint further alleges that Slothower exaggerated the size of Battery Private's regulatory assets under management in SEC filings.
The complaint seeks disgorgement of ill-gotten gains with prejudgment interest, civil penalties and permanent injunctive relief, among other remedies.
Relationships are key to our business but advisors are often slow to engage in specific activities designed to foster them.
Whichever path you go down, act now while you're still in control.
Pro-bitcoin professionals, however, say the cryptocurrency has ushered in change.
“LPL has evolved significantly over the last decade and still wants to scale up,” says one industry executive.
Survey findings from the Nationwide Retirement Institute offers pearls of planning wisdom from 60- to 65-year-olds, as well as insights into concerns.
Streamline your outreach with Aidentified's AI-driven solutions
This season’s market volatility: Positioning for rate relief, income growth and the AI rebound
