{"id":19081,"date":"2020-07-22T12:34:01","date_gmt":"2020-07-22T17:34:01","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=19081"},"modified":"2020-07-23T12:34:55","modified_gmt":"2020-07-23T17:34:55","slug":"first-western-capital-management-fined","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/first-western-capital-management-fined\/","title":{"rendered":"First Western Capital Management Allegedly Placed Over $666M of Customers’ Money into Investments Reserved for Qualified Institutional Buyers"},"content":{"rendered":"

Colorado Investment Firm Fined $200K For Investing Unqualified Buyers Into Unsuitable Investments\u00a0<\/span><\/h2>\n

The US Securities and Exchange Commission (SEC) has ordered First Western Capital Management Co. to pay a $200K fine over allegations that, over a 7-year period, it invested over $666M of clients\u2019 funds into securities that they didn\u2019t qualify for. As a result, 81 clients were placed in securities that were reserved for qualified institutional buyers (QIBs), which are investors that have at least $100M in assets.<\/span><\/p>\n

The firm is a Denver-based investment adviser. Our Colorado investment fraud lawyers at Shepherd Smith Edwards and Kantas are offering free case consultations to customers that were harmed by these unsuitable investment recommendations and sales that the SEC says were initiated by at least nine of First Western\u2019s investment adviser representatives. Contact us today at (720) 439-2827<\/a>.\u00a0<\/span><\/p>\n

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

Colorado Investment Firm Fined $200K For Investing Unqualified Buyers Into Unsuitable Investments\u00a0 The US Securities and Exchange Commission (SEC) has ordered First Western Capital Management Co. to pay a $200K fine over allegations that, over a 7-year period, it invested over $666M of clients\u2019 funds into securities that they didn\u2019t qualify for. As a result, […]<\/p>\n","protected":false},"author":2,"featured_media":19082,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3774,3967,3777],"tags":[4257,4386,4387,2762],"class_list":["post-19081","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-broker-dealers","category-failure-to-supervise","category-inadequate-supervision","tag-failure-to-supervise","tag-first-western-capital-management","tag-qibs","tag-unsuitable-investments"],"yoast_head":"\nFirst Western Capital Management Fined For Unsuitable Investment Recommendations | SSEK<\/title>\n<meta name=\"description\" content=\"A Colorado investment firm, First Western Capital Management has been fined $200K for investing unqualified buyers in unsuitable investments. 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