{"id":18238,"date":"2019-09-05T14:24:16","date_gmt":"2019-09-05T19:24:16","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=18238"},"modified":"2022-09-27T20:40:05","modified_gmt":"2022-09-28T01:40:05","slug":"philadelphia-based-investment-adviser-accused-of-105m-investor-fraud","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/philadelphia-based-investment-adviser-accused-of-105m-investor-fraud\/","title":{"rendered":"Philadelphia-Based Investment Adviser Accused of $105M Investor Fraud"},"content":{"rendered":"<p>Investment adviser Brenda Smith has been arrested and charged with defrauding about 40 investors of $105M. The <a href=\"https:\/\/sec.gov\" target=\"_blank\" rel=\"noopener noreferrer\">US Securities and Exchange Commission (SEC)<\/a> also has filed civil fraud charges against Strong, who is based in Philadelphia, and her Broad Reach Capital, LP (also known as the Broad Reach Fund), Broad Reach Partners, and registered investment advisor Bristol Advisors, LLC. The fund and the two entities are controlled by Strong.<\/p>\n<p>According to the SEC, Smith told investors\u00a0their money would go into publicly traded securities and that she would employ different trading strategies that had consistently rendered high returns in the past. Instead, contends the regulator, Smith made just a few investments using said strategies and spent investors\u2019 funds on her own expenses, to pay back other investors, and on unrelated companies.<\/p>\n<p>Smith is accused of sending out false information bragging about positive returns of more than 30% annually, claiming to hold billions of dollars in assets at a company belonging to her, creating fake documents to inflate the fund\u2019s assets to more than $180M, and fooling investors into thinking their money was safe.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/philadelphia-based-investment-adviser-accused-of-105m-investor-fraud\/\"  title=\"Continue Reading Philadelphia-Based Investment Adviser Accused of $105M Investor Fraud\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Investment adviser Brenda Smith has been arrested and charged with defrauding about 40 investors of $105M. The US Securities and Exchange Commission (SEC) also has filed civil fraud charges against Strong, who is based in Philadelphia, and her Broad Reach Capital, LP (also known as the Broad Reach Fund), Broad Reach Partners, and registered investment [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":18211,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3781,3760],"tags":[4167,4168,4169],"class_list":["post-18238","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-advisers","category-sec-enforcement","tag-brenda-smith","tag-broad-reach-capital","tag-broad-reach-fund"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Philadelphia-Based Investment Adviser Accused of $105M Investor Fraud | SSEK Law Firm<\/title>\n<meta name=\"description\" content=\"Philadelphia investment adviser, Brenda Smith, has been arrested and charged with defrauding about 40 investors of $105M.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/philadelphia-based-investment-adviser-accused-of-105m-investor-fraud\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Philadelphia-Based Investment Adviser Accused of $105M Investor Fraud | SSEK Law Firm\" \/>\n<meta name=\"twitter:description\" content=\"Philadelphia investment adviser, Brenda Smith, has been arrested and charged with defrauding about 40 investors of $105M.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2019\/08\/9.27.18.jpeg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Philadelphia-Based Investment Adviser Accused of $105M Investor Fraud | SSEK Law Firm","description":"Philadelphia investment adviser, Brenda Smith, has been arrested and charged with defrauding about 40 investors of $105M.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/philadelphia-based-investment-adviser-accused-of-105m-investor-fraud\/","twitter_card":"summary_large_image","twitter_title":"Philadelphia-Based Investment Adviser Accused of $105M Investor Fraud | SSEK Law Firm","twitter_description":"Philadelphia investment adviser, Brenda Smith, has been arrested and charged with defrauding about 40 investors of $105M.","twitter_image":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2019\/08\/9.27.18.jpeg","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; 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