{"id":1845,"date":"2017-10-23T17:33:47","date_gmt":"2017-10-23T22:33:47","guid":{"rendered":"https:\/\/www.institutionalinvestorsecuritiesblog.com\/?p=1845"},"modified":"2022-03-22T15:07:24","modified_gmt":"2022-03-22T20:07:24","slug":"ny-investment-adviser-accused-bilking-non-profit-9m","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/ny-investment-adviser-accused-bilking-non-profit-9m\/","title":{"rendered":"NY Investment Adviser Accused of Bilking Non-Profit of $9M"},"content":{"rendered":"

\t\t\t\tThe US Securities and Exchange Commission has filed fraud charges <\/a>against John Rogicki. The New York-based financial adviser, who is the chief compliance officer and managing director of Train, Babcock Advisors, LLC, is accused of defrauding a non-profit charitable foundation of $9M. The founder of the Foundation had named Rogicki, who had been her husband\u2019s financial adviser, as the trustee and trust president in her will. <\/p>\n

She and Rogicki became friends in the 1990\u2019s when she was already an elderly woman. She died at 97 in 2001. Just a few years before that, it was Rogicki who introduced her to a trusts and estate attorney. This lawyer executed a trust and will that made all the designations to Rogicki. <\/p>\n

Rogicki was also the non-profit\u2019s investment adviser and he was tasked with making all investment decisions for the Foundation, including directing all securities transactions in the latter\u2019s advisory account. The Commission believes that Rogicki committed the alleged fraud between 2004 and 2016. <\/p>\n

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

The US Securities and Exchange Commission has filed fraud charges against John Rogicki. The New York-based financial adviser, who is the chief compliance officer and managing director of Train, Babcock Advisors, LLC, is accused of defrauding a non-profit charitable foundation of $9M. The founder of the Foundation had named Rogicki, who had been her husband\u2019s […]<\/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":[3781,3760,3761],"tags":[],"class_list":["post-1845","post","type-post","status-publish","format-standard","hentry","category-investment-advisers","category-sec-enforcement","category-securities-and-exchange-commis"],"yoast_head":"\nNY Investment Adviser Accused of Bilking Non-Profit of $9M — Investor Lawyers Blog — October 23, 2017<\/title>\n<meta name=\"description\" content=\"The US Securities and Exchange Commission has filed fraud charges against John Rogicki. 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