SEC Charges TCFG Investment Advisors with Making False Statements to Investors
The Securities and Exchange Commission recently filed a complaint against TCFG Investment Advisor, TCFG Wealth Management and Richard James Roberts. Here are some facts according to the complaint:
- From June 2014 through April 2020 is the relevant time period in the Complaint.
- The complaint alleges that Roberts mislead clients about the fees and mark-ups that would be charged to them in their accounts.
- The complaint charges TCFG and Roberts with violating the antifraud provisions of Sections 206(1) and 206(2) of the Investment Advisers Act of 1940.
- The complaint also charges TCFG with violating Advisers Act Section 206(4) and Rule 206(4)-7