{"id":4160,"date":"2017-02-08T18:58:44","date_gmt":"2017-02-09T00:58:44","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=4160"},"modified":"2021-02-10T23:46:23","modified_gmt":"2021-02-11T05:46:23","slug":"sec-charges-connecticut-ria-3-95m-fraud-ex-morgan-stanley-financial-adviser-5m-securities-scam","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/sec-charges-connecticut-ria-3-95m-fraud-ex-morgan-stanley-financial-adviser-5m-securities-scam\/","title":{"rendered":"SEC Charges Connecticut RIA with $3.95M Fraud, Ex-Morgan Stanley Financial Adviser with $5M Securities Scam"},"content":{"rendered":"

\t\t\t\tThe Securities and Exchange Commission has filed fraud charges against Sentinel Growth Fund Management and its owner Mark J. Varacchi. The regulator is accusing the Connecticut-based investment advisory firm of stealing at least $3.95M from investors. Over $1M was allegedly used to resolve private litigation in which Varacchi was the defendant. <\/p>\n

According to the Commission, Sentinel Growth Management Fund and Varacchi misrepresented to investors that their money would go to hedge fund managers to be invested. Instead, the investment advisor firm allegedly commingled investor money and manipulated account balances, activities, and investment returns as part of a securities fraud. <\/p>\n

Now, the SEC wants disgorgement and penalties brought against Varacchi and his firm in this investment advisor fraud <\/a>case.<\/p>\n

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

The Securities and Exchange Commission has filed fraud charges against Sentinel Growth Fund Management and its owner Mark J. Varacchi. The regulator is accusing the Connecticut-based investment advisory firm of stealing at least $3.95M from investors. Over $1M was allegedly used to resolve private litigation in which Varacchi was the defendant. According to the Commission, […]<\/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":[3752,3781,3738,3787,3801,3760,3741],"tags":[2717],"class_list":["post-4160","post","type-post","status-publish","format-standard","hentry","category-financial-firms","category-investment-advisers","category-investor-fraud","category-morgan-stanley","category-sec","category-sec-enforcement","category-securities-fraud","tag-sentinel-growth-fund-management"],"yoast_head":"\nSEC Charges Connecticut RIA with $3.95M Fraud, Ex-Morgan Stanley Financial Adviser with $5M Securities Scam — Investor Lawyers Blog — February 8, 2017<\/title>\n<meta name=\"description\" content=\"The Securities and Exchange Commission has filed fraud charges against Sentinel Growth Fund Management and its owner Mark J. Varacchi. 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The regulator is — February 8, 2017\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards & 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":"SEC Charges Connecticut RIA with $3.95M Fraud, Ex-Morgan Stanley Financial Adviser with $5M Securities Scam — Investor Lawyers Blog — February 8, 2017","description":"The Securities and Exchange Commission has filed fraud charges against Sentinel Growth Fund Management and its owner Mark J. Varacchi. 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