Skip to content
  • Home
  • About
  • Contact
  • Page
  • ​Master SEO Tactics
  • Top 9 Finance News Websites Ranking
wikifx

wikifx

  • Home
  • About
  • Contact
  • Page
  • ​Master SEO Tactics
  • Top 9 Finance News Websites Ranking
  • Toggle search form
  • Exclusive: Axiance CMO Sofia Mashovets resigns forex news
  • Nuvei promotes Max Attias to Group CTO forex news
  • Is zentrade a legit broker or a scam? forex news
  • How to avoid forex scams? six common forex scams to watch out for forex news
  • Philip Johnson to step down as CFO of Hargreaves Lansdown forex news
  • Deutsche Bank transfers global prime finance & electronic equities to BNP Paribas forex news
  • Cboe pledges new trading floor will open in summer of 2022 forex news
  • Trader Reviews: Is the GMI Markets platform reliable? forex news

SEC goes after AMV Investments founder

Posted on 2021-10-26 By admin No Comments on SEC goes after AMV Investments founder

The United States Securities and Exchange Commission (SEC) has taken action against Ann M. Vick, a founder of AMV Investments LLC.

According to the SEC’s complaint filed in the Colorado District Court on October 25, 2021, beginning in approximately August 2018, investment adviser Vick, directly and through AMV, an entity that she formed and controls, raised at least $3.2 million from more than two dozen investors by representing that she is an extraordinarily successful stock options trader and would safely use investor funds to generate promised monthly interest payments ranging from 5-10% (60-120% annually).

In reality, Vick’s options trading results were a volatile mix of gains and losses and she had never generated the consistent profits necessary to pay investors the returns she promised.

Vick commingled money she raised from AMV investors with personal funds. From approximately December 2019 through March 2020, Vick suffered disastrous trading loses, and misappropriated hundreds of thousands of dollars of investor money. Moreover, lacking profits from trading, Vick also began using investors’ principal to pay other investors monthly interest payments and redemptions of principal.

Even after suffering massive trading losses, Vick raised approximately $1.3 million in new investor funds from May 2020 to January 2021 by falsely claiming that her stock options trading was wildly profitable and safe, misrepresenting how she would use investor money, and failing to disclose that AMV was effectively insolvent as a result of her trading losses and misappropriation.

The SEC alleges that, as a result of the conduct described in this Complaint, Vick violated Section 17(a) of the Securities Act of 1933 (“Securities Act”), 15 U.S.C. § 77q(a); Section 10(b) of the Securities Exchange Act of 1934 (“Exchange Act”), 15 U.S.C. § 78j(b) and Rule 10b-5 thereunder, 17 C.F.R. § 240.10b-5; and Sections 206(1), 206(2), 206(4) and Rule 206(4)-8 of the Investment Advisers Act of 1940 (“Advisers Act”), 15 U.S.C. §§ 80b-6(1), 80b-6(2), 80b-6(4), and 17 C.F.R. § 275.206(4)-8.

The regulator warns that, unless restrained and enjoined, Vick will continue to violate the federal securities laws.

forex news Tags:forex-news

Post navigation

Previous Post: Samtrade FX deploys Centroid’s connectivity, liquidity, and risk management solutions
Next Post: XTB rebounds in Q3 with Revenues up 256% QoQ to $49 million

Related Posts

  • Deutsche Börse further expands its FX data offering forex news
  • 360T selects FairXchange for trade and pricing data analytics forex news
  • Robinhood revives efforts to nix short squeeze lawsuit forex news
  • ICE Bonds integrates with Investortools’ Perform platform forex news
  • ICE and risQ launch new service for scoring social impact of investment forex news
  • FXCM Inc investors oppose motion for summary judgment forex news

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • EUR/USD Holds Near 1.05 as Fed, ECB Policies Shape Market Sentiment
  • Gold Prices Hold Steady Amid Global Economic Uncertainty
  • Australian Dollar: How RBA Policies, Commodity Prices, and Global Tensions Are Shaping the AUD’s Market Performance
  • EUR/USD: Understanding the Currency Pair’s Trends
  • USD Under Pressure: Navigating Economic Data and Global Uncertainties

TAG

Axiory Review 2022 B2B B2Broker News Basic Forex Knowledge broker brokers brokers in the UK Brokersview Broker tools CFDs coin News cryptocurrency Cryptocurrency News Crypto News dogecoin FCA news finance forex forex-news Forex Broker Forex Brokers Forex Demo Account Forex market forex news forex scams forex time Forex trading fx fxtrader fxtrading Global Forex Gold Analysis HotForex InstaForex LiteForex Review 2022 markets work MT4 MT5 news OctaFX Review Samtrade FX South Africa trade Forex traders Trading Forex
  • PandaTS adds OneSignal messaging capabilities to its FX broker solution forex news
  • Interactive Brokers enhances Events Calendar in TWS platform forex news
  • FD Technologies partners with Microsoft to expand reach of KX Insights forex news
  • Coinbase acquires derivatives exchange FairX forex news
  • SIX welcomes Swissquote as new structured product issuer forex news
  • CME Group SOFR futures contracts reach new record forex news
  • Playtech responds to Gopher: no other offers for Finalto forex news
  • Is Forex Trading the Boost Your Business Needs? forex news

Copyright © 2025 wikifx.

Powered by PressBook News WordPress theme