{"id":3842,"date":"2016-10-06T19:44:56","date_gmt":"2016-10-07T00:44:56","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/?p=3842"},"modified":"2022-03-11T13:39:55","modified_gmt":"2022-03-11T19:39:55","slug":"securities-cases-hawaii-based-investment-adviser-accused-cherry-picking-trades-broker-ordered-pay-600k-elder-financial-fraud-finra-bars-ex-axa-advisors-broker","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/securities-cases-hawaii-based-investment-adviser-accused-cherry-picking-trades-broker-ordered-pay-600k-elder-financial-fraud-finra-bars-ex-axa-advisors-broker\/","title":{"rendered":"\u00a0Securities Cases: Hawaii-Based Investment Adviser is Accused of Cherry-Picking Trades, Broker Ordered to Pay $600K for Elder Financial Fraud, and FINRA Bars Ex-Axa Advisors Broker \u00a0"},"content":{"rendered":"
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\u00a0<\/span>SEC Charges Hawaii-Based Investment Adviser for Misleading Clients and Cherry Picking<\/span><\/b><\/div>\n
The U.S. Securities and Exchange Commission has filed civil charges against Oracle Investment Research, which is based in Hawaii, and its owner Laurence I. Balter. The regulator claims that the investment adviser cherry picked trades that were profitable for his own accounts. He is also accused is\u00a0 misleading clients, including senior citizens, about the risks involved in the investments he recommended, as well as about the fees they would be charged.<\/span><\/div>\n
\u00a0<\/span><\/div>\n
According to the SEC Enforcement Division, Balter and Oracle Investment Research bought options and equities in an omnibus account but waited to distribute the trades until their execution. Then, he would allegedly move the profitable trades into his accounts and the unprofitable ones to the accounts of clients.\u00a0<\/span><\/div>\n<\/div>\n<\/blockquote>\n
Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

\u00a0SEC Charges Hawaii-Based Investment Adviser for Misleading Clients and Cherry Picking The U.S. Securities and Exchange Commission has filed civil charges against Oracle Investment Research, which is based in Hawaii, and its owner Laurence I. Balter. The regulator claims that the investment adviser cherry picked trades that were profitable for his own accounts. He is […]<\/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":[3901,3773,3752,3739,3792,3760,3741],"tags":[2666,3669,3670],"class_list":["post-3842","post","type-post","status-publish","format-standard","hentry","category-axa-advisors","category-broker-fraud","category-financial-firms","category-finra","category-ponzi-scams","category-sec-enforcement","category-securities-fraud","tag-cherry-picking","tag-jerome-scott-crause","tag-oracle-investment-research"],"yoast_head":"\n\u00a0Securities Cases: Hawaii-Based Investment Adviser is Accused of Cherry-Picking Trades, Broker Ordered to Pay $600K for Elder Financial Fraud, and FINRA Bars Ex-Axa Advisors Broker \u00a0 — Investor Lawyers Blog — October 6, 2016<\/title>\n<meta name=\"description\" content=\"\u00a0SEC Charges Hawaii-Based Investment Adviser for 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