{"id":1578,"date":"2015-01-13T17:42:43","date_gmt":"2015-01-13T17:42:43","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2015\/01\/investment_adviser_news_barred"},"modified":"2022-08-26T09:23:36","modified_gmt":"2022-08-26T14:23:36","slug":"investment-adviser-news-barred","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/investment-adviser-news-barred\/","title":{"rendered":"Investment Adviser News: Barred Representative is Now a Finance Coach, Bellingham Man Gets Prison Term for Bilking Seniors"},"content":{"rendered":"

\t\t\t\tAccording to the Securities and Exchange Commission, ex-investment adviser Sherwin Brown is continuing to offer financial advice even though the regulator barred him from the industry and ordered him to pay $1.3 million for allegedly diverting client monies. Brown now calls himself a “money coach” and has kept his Jamerica Financial Inc. in operation, receiving compensation for his services. At a certain point, the firm, which has since been ordered inactive, had nearly $30 million in assets under management. <\/p>\n

The regulator contends that between 6\/11 and 5\/14, a Wells Fargo & Co. (WFC) account in Jamerica Financial’s name received over 120 deposits totaling $330,000. The deposits were payable to Brown and his company. Notes in check memo lines indicated that the money was for investment advisory services.<\/p>\n

Brown, who was barred from the industry in 2011, operates TheOfficialMoneyCoach.com, which includes a blog on investing. The site also promotes his investment books. <\/p>\n

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

According to the Securities and Exchange Commission, ex-investment adviser Sherwin Brown is continuing to offer financial advice even though the regulator barred him from the industry and ordered him to pay $1.3 million for allegedly diverting client monies. Brown now calls himself a “money coach” and has kept his Jamerica Financial Inc. in operation, receiving […]<\/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":[3781,3760,3741,3803],"tags":[],"class_list":["post-1578","post","type-post","status-publish","format-standard","hentry","category-investment-advisers","category-sec-enforcement","category-securities-fraud","category-senior-investors"],"yoast_head":"\nInvestment Adviser News: Barred Representative is Now a Finance Coach, Bellingham Man Gets Prison Term for Bilking Seniors — Investor Lawyers Blog — January 13, 2015<\/title>\n<meta name=\"description\" content=\"According to the Securities and Exchange Commission, ex-investment adviser Sherwin Brown is continuing to offer financial advice even though the regulator — January 13, 2015\" \/>\n<meta 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