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.
From outstanding individuals to innovative organizations, find out who made the final shortlist for top honors at the IN awards, now in its second year.
Cresset's Susie Cranston is expecting an economic recession, but says her $65 billion RIA sees "great opportunity" to keep investing in a down market.
“There’s a big pull to alternative investments right now because of volatility of the stock market,” Kevin Gannon, CEO of Robert A. Stanger & Co., said.
Sellers shift focus: It's not about succession anymore.
Platform being adopted by independent-minded advisors who see insurance as a core pillar of their business.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
