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Litigation Release No. 24990 / December 21, 2020
Securities and Exchange Commission v. TH Wealth Management, LLC and Brian Keat Hobbs, ivil Action No. 3:20-cv-03676-C (N.D. Tex. filed December 18, 2020)
The Securities and Exchange Commission charged TH Wealth Management, LLC, a Dallas, Texas-based investment adviser, and Brian Keat Hobbs, its sole owner and principal, for conducting a cherry-picking scheme that defrauded four of their clients.
According to the SEC s complaint, from at least December 2016 through March 2019, Hobbs placed options trades using TH Wealth s omnibus trading account, which is intended to facilitate purchases of securities for multiple client accounts. As alleged, Hobbs placed the option trades early in the trading day but did not allocate the trades to specific clients or Hobbs s personal accounts until the end of the day. The complaint alleges that Hobbs then disproportionately allocated profitable trades to his personal accounts and alloc ....

United States , Los Angeles , Brian Keat Hobbs , Don Searles , Amy Longo , Rachita Gullapalli , Raymond Wolff , Exchange Commission , Los Angeles Regional Office , Th Wealth Management , Securities Exchange , Us District Court , Division Of Economic , Northern District , Securities Exchange Act , Securities Act , Investment Advisers Act , ஒன்றுபட்டது மாநிலங்களில் , லாஸ் ஏஞ்சல்ஸ் , தாதா தேடல்கள் , ஆமி லாங்கோ , ரேமஂட் ஓநாய் , பரிமாற்றம் தரகு , லாஸ் ஏஞ்சல்ஸ் பிராந்திய அலுவலகம் , வது செல்வம் மேலாண்மை , பத்திரங்கள் பரிமாற்றம் ,