{"id":7154,"date":"2019-06-05T13:15:38","date_gmt":"2019-06-05T18:15:38","guid":{"rendered":"https:\/\/www.investorlawyers.com\/?p=7154"},"modified":"2019-06-05T13:15:38","modified_gmt":"2019-06-05T18:15:38","slug":"recent-sec-investor-fraud-cases","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/recent-sec-investor-fraud-cases\/","title":{"rendered":"Stephen Brandon Anderson Accused of Multiple SEC Findings"},"content":{"rendered":"
\n

Investment Advisor Allegedly Overcharged Clients $367K in Advisory Fees<\/strong><\/h2>\n

The US Securities and Exchange Commission (SEC)<\/a> has filed investor fraud charges <\/a>against investment adviser Stephen Brandon Anderson, accusing him of defrauding clients and overcharging them at least $367K in advisory fees. Anderson ran River Source Wealth Management, LLC. The formerly registered investment advisory firm (RIA) is no longer in operation.<\/p>\n

However, while in business, said the SEC, the RIA\u2019s main income source was customer advisory fees. The fees were determined according to the assets under management of each customer.<\/p>\n

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

Investment Advisor Allegedly Overcharged Clients $367K in Advisory Fees The US Securities and Exchange Commission (SEC) has filed investor fraud charges against investment adviser Stephen Brandon Anderson, accusing him of defrauding clients and overcharging them at least $367K in advisory fees. Anderson ran River Source Wealth Management, LLC. The formerly registered investment advisory firm (RIA) […]<\/p>\n","protected":false},"author":2,"featured_media":6882,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3781,3792,3760],"tags":[2274,2275,2277,2278,2279,2280],"class_list":["post-7154","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-advisers","category-ponzi-scams","category-sec-enforcement","tag-morgan-acquisitions","tag-morgan-mezzanine-fund","tag-river-source-wealth-managemen","tag-robert-c-morgan","tag-savraj-gata-aura","tag-stephen-brandon-anderson"],"yoast_head":"\nStephen Brandon Anderson Accused of Multiple SEC Findings — Investor Lawyers Blog — June 5, 2019<\/title>\n<meta name=\"description\" content=\"The US SEC has filed investor fraud charges against an investment adviser, accusing him of defrauding clients and overcharging them at least $367K in fees.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/recent-sec-investor-fraud-cases\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Stephen Brandon Anderson Accused of Multiple SEC Findings — Investor Lawyers Blog — June 5, 2019\" \/>\n<meta name=\"twitter:description\" content=\"The US SEC has filed investor fraud charges against an investment adviser, accusing him of defrauding clients and overcharging them at least $367K in fees.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2019\/03\/SEC.jpg\" \/>\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=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Stephen Brandon Anderson Accused of Multiple SEC Findings — Investor Lawyers Blog — June 5, 2019","description":"The US SEC has filed investor fraud charges against an investment adviser, accusing him of defrauding clients and overcharging them at least $367K in fees.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/recent-sec-investor-fraud-cases\/","twitter_card":"summary_large_image","twitter_title":"Stephen Brandon Anderson Accused of Multiple SEC Findings — Investor Lawyers Blog — June 5, 2019","twitter_description":"The US SEC has filed investor fraud charges against an investment adviser, accusing him of defrauding clients and overcharging them at least $367K in fees.","twitter_image":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2019\/03\/SEC.jpg","twitter_misc":{"Written by":"Shepherd Smith Edwards & Kantas, LLP","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/recent-sec-investor-fraud-cases\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/recent-sec-investor-fraud-cases\/"},"author":{"name":"Shepherd Smith Edwards & Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"Stephen Brandon Anderson Accused of Multiple SEC Findings","datePublished":"2019-06-05T18:15:38+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/recent-sec-investor-fraud-cases\/"},"wordCount":620,"image":{"@id":"https:\/\/www.investorlawyers.com\/blog\/recent-sec-investor-fraud-cases\/#primaryimage"},"thumbnailUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2019\/03\/SEC.jpg","keywords":["Morgan Acquisitions","Morgan Mezzanine Fund","River Source Wealth Managemen","Robert C. 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