Virginia Reaches Settlement with Strategic Wealth Partners

by Admin Istrator | November 22, 2021 4:22 pm

The Virginia State Corporation Commission[1] has entered into a settlement order with David Vogt (CRD # 3065080) and Strategic Wealth Partners. The settlement order concerns David Vogt and Strategic Wealth Partner’s recommendation of a private placement known as Black Diamond Investment Partners. According to the settlement order, which is below, Black Diamond was offered to existing advisory clients of Strategic Wealth. Black Diamond was inaccurately presented as “conservative” to investors. Despite the “conservative” label, the fund engaged in high-risk trading, including short sales and option trading with margin[2].

David-Vogt[3]Download[4]

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Endnotes:
  1. Virginia State Corporation Commission: https://www.scc.virginia.gov/
  2. option trading with margin: https://mdf-law.com/options-puts-iron-condor-butterfly/
  3. David-Vogt: https://mdf-law.com/wp-content/uploads/2021/11/David-Vogt.pdf
  4. Download: https://mdf-law.com/wp-content/uploads/2021/11/David-Vogt.pdf

Source URL: https://mdf-law.com/strategic-wealth-partners/

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