{"id":270,"date":"2007-11-19T09:01:23","date_gmt":"2007-11-19T09:01:23","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2007\/11\/cromwell_financial_services_an_1"},"modified":"2021-11-12T13:08:35","modified_gmt":"2021-11-12T19:08:35","slug":"cromwell-financial-services-an-1","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/cromwell-financial-services-an-1\/","title":{"rendered":"Cromwell Financial Services and Several Employees Will Pay Over $20 Million to Settle Fraudulent Solicitations Allegations"},"content":{"rendered":"

\t\t\t\tCromwell Financial Services Inc. and several of its employees says they will pay over $20 million to settle allegations by the state of New Hampshire and the Commodity Futures Trading Commission that they engaged in fraudulent solicitations<\/a>.<\/p>\n

The New Hampshire Bureau of Securities Regulation and the CFTC claim that Cromwell Financial Services and a number of its employees, from 2002 to 2003, engaged in sales presentations that were fraudulent and misleading in an attempt to convince some 900 people to trade options on commodity futures contracts. The options were from commodity futures contracts in accounts at two futures commission merchants. <\/p>\n

According to the Consent Order of Permanent Injunction and Other Equitable Relief, Cromwell employees allegedly exaggerated the degree and possibility of profit, while minimizing the investment risks, and neglected to inform the public that over 75% of Cromwell investors have lost money. <\/p>\n

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

Cromwell Financial Services Inc. and several of its employees says they will pay over $20 million to settle allegations by the state of New Hampshire and the Commodity Futures Trading Commission that they engaged in fraudulent solicitations. The New Hampshire Bureau of Securities Regulation and the CFTC claim that Cromwell Financial Services and a number […]<\/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":[3854],"tags":[],"class_list":["post-270","post","type-post","status-publish","format-standard","hentry","category-cromwell-financial-services"],"yoast_head":"\nCromwell Financial Services and Several Employees Will Pay Over $20 Million to Settle Fraudulent Solicitations Allegations — Investor Lawyers Blog — November 19, 2007<\/title>\n<meta name=\"description\" content=\"Cromwell Financial Services Inc. and several of its employees says they will pay over $20 million to settle allegations by the state of New Hampshire and — November 19, 2007\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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