{"id":1531,"date":"2014-10-17T20:30:33","date_gmt":"2014-10-17T20:30:33","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2014\/10\/sec_wants_to_bar_exbroker_for"},"modified":"2022-03-11T13:33:32","modified_gmt":"2022-03-11T19:33:32","slug":"sec-wants-to-bar-exbroker-for","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/sec-wants-to-bar-exbroker-for\/","title":{"rendered":"SEC Wants to Bar Ex-Broker for Allegedly Misappropriating $2M"},"content":{"rendered":"

\t\t\t\tThe U.S. Securities and Exchange Commission has taken action to bar Paul Marshall, an ex-investment adviser and broker from the industry. Marshall is accused of misappropriating $2M in client assets. <\/p>\n

Last year, the SEC charged him and his related investment advisers, Bridge Securities and Bridge Equity Inc., with fraud. The regulator contends that Marshall took client assets to cover his own spending, including child support, alimony, expensive vacations, and tuition for his kids. He purportedly diverted the money into accounts under his control, set up misleading account statements, and raised cash for FOGFuels Inc., a private placement he controlled.<\/p>\n

The Financial Industry Regulatory Authority Inc. has already barred Marshall from associating with all brokerage member firms. Last month, the SEC ordered him to pay $15 million in disgorgement because of the money he made from the alleged securities scam.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

The U.S. Securities and Exchange Commission has taken action to bar Paul Marshall, an ex-investment adviser and broker from the industry. Marshall is accused of misappropriating $2M in client assets. Last year, the SEC charged him and his related investment advisers, Bridge Securities and Bridge Equity Inc., with fraud. The regulator contends that Marshall took […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3781,3760,3741],"tags":[],"class_list":["post-1531","post","type-post","status-publish","format-standard","hentry","category-investment-advisers","category-sec-enforcement","category-securities-fraud"],"yoast_head":"\nSEC Wants to Bar Ex-Broker for Allegedly Misappropriating $2M — Investor Lawyers Blog — October 17, 2014<\/title>\n<meta name=\"description\" content=\"The U.S. Securities and Exchange Commission has taken action to bar Paul Marshall, an ex-investment adviser and broker from the industry. 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