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Securities and Exchange Commission v. Westport Capital Markets, LLC et al
Case Number:
3:17-cv-02064
Court:
Nature of Suit:
Judge:
Firms
Government Agencies
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July 06, 2021
Judge Hands Conn. Broker $1.5M Order In SEC Case
A Connecticut federal judge decided Tuesday not to fine an investment adviser the entire amount requested by the U.S. Securities and Exchange Commission for defrauding his clients but still ordered $1.5 million in penalties and disgorgement against the broker and his firm.
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October 27, 2020
Juror's 'Tasteless' Remarks Won't Get Firm A New Fraud Trial
A Connecticut federal judge said he will not grant a new trial to an investment adviser accused by the U.S. Securities and Exchange Commission of defrauding clients, even if one of the juror's post-trial comments about the adviser and his wife were "tasteless and mean-spirited."
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May 14, 2020
'Biased' Juror Letter To SEC Unsealed In Adviser Fraud Case
A Connecticut federal court has unsealed a post-verdict letter from a juror to a U.S. Securities and Exchange Commission attorney, cited as evidence of bias by an investment adviser demanding a new trial for allegedly defrauding clients.
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May 11, 2020
SEC Says Crisis Didn't Cause Westport Jury To Rush Verdict
The U.S. Securities and Exchange Commission told a Connecticut federal judge on Monday the jury that found against Westport Capital at a trial in March was not unduly influenced by the specter of the COVID-19 pandemic, as the investment adviser now insinuates.
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March 16, 2020
Westport Capital Found Liable For Defrauding Investors
A Connecticut jury said Monday that investment adviser Westport Capital and its top executive defrauded investors, generating roughly $780,000 in undisclosed markups and fees.
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December 11, 2017
SEC Sues Conn. Firm And CEO Over 'Mark-Ups,' Fees
A Connecticut investment advisory firm and its top executive generated roughly $780,000 in undisclosed "mark-ups" and fees by sticking clients with risky securities from the firm's proprietary brokerage account and costlier share classes of mutual funds, the U.S. Securities and Exchange Commission said in a suit filed Monday.