The Securities and Exchange Commission has barred Bradley Mascho, a former registered representative with Western International Securities, for his role in aiding and abetting an offering fraud by Dawn J. Bennett.
The SEC alleged that Mr. Mascho assisted Ms. Bennett in raising more than $20 million from at least 46 investors through the unregistered offering of her company’s convertible and promissory notes. The agency charged that he fraudulently misrepresented and omitted material facts to investors regarding the company’s financial condition and operating performance, the risks associated with the investment, and the intended use of investor proceeds.
Ms. Bennett, who was sentenced to 20 years in federal prison last July, was convicted on 17 charges related to her running the $20 million Ponzi scheme.
Mr. Mascho, of Frederick, Md., was sentenced last August to 30 months in prison. He resigned from Western International Securities in 2017 and has not been employed in the securities industry since.
In January 2018, the Financial Industry Regulatory Authority Inc. barred Mr. Mascho for failing to take part in a hearing looking into his activities at Western International.
Inflation delays treatment while insured patients still fight for medication access
Public support grows for policies that spread AI’s financial gains beyond tech companies.
Investment banking fees rose 30% on a wave of IPOs and megadeals, led by the largest public listing on record.
Series A funding from Portage, Bain Capital, and other investors will fuel data tools designed to speed advisor transitions and cut onboarding delays across wealth firms.
The Minneapolis-based RIA aggregator is adding two North Carolina practices managing nearly $1 billion, pushing its total client assets past $158.2 billion.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
