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Author Topic: Wayne F. Gorsek, et al.  (Read 1461 times)

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Wayne F. Gorsek, et al.
« on: October 16, 2008, 02:00:58 PM »
Wayne F. Gorsek, et al.
     


The Securities and Exchange Commission announced today the completion of a $272,037.33 Fair Fund distribution to defrauded customers of Strategic Investments, Inc. (SII), a now-defunct broker-dealer based in Springfield, Illinois. The defendants were the owners and associates of Strategic Investment Advisory, Inc. (SIA), a stock promoter that falsely claimed to provide independent recommendations about microcap companies. As the U.S. District Court for the Central District of Illinois concluded, registered representatives at SII defrauded customers by recommending the purchase of securities that SIA had been paid to tout, without disclosing that material fact to their brokerage customers.
     

http://www.sec.gov/litigation/litreleases/2008/lr20780.htm
     
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