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

SEC Complaint Against TCFG Wealth

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