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SEC says Gig Harbor investment firm and CEO charged with and fined for disservice to clients Read m
http://www.thenewstribune.com/2014/09/18/3386906/sec-says-gig-harbor-investment.html?sp=/99/261/SEC says Gig Harbor investment firm and CEO charged with and fined for disservice to clients
By C.R. Roberts
Staff writer
September 18, 2014
The Securities and Exchange Commission on Thursday charged a Gig Harbor investment advisory firm with engaging in hundreds of principal transactions through its affiliated broker-dealer without informing clients or obtaining their consent.
Strategic Capital Group LLC, which is additionally charged with distributing false and misleading advertisements to investors, agreed to pay nearly $600,000 to settle the SEC’s charges, the agency said in a release Thursday afternoon.
Strategic Capital CEO N. Gary Price was charged with causing some of the firm’s violations, and agreed to pay a $50,000 penalty to settle the charges against him.
The Office of the Washington Secretary of State confirmed Thursday that the firm is currently registered as an LLC, and has been listed since November, 2004. The registration lists N. Price and Ronald Robertson as member managers.