SEC v. Brian J. Smart, et al.

SEC Complaint against Brian J. Smart, et al.


The SEC brought this action to stop a Ponzi scheme. Mr Smart through his company, Smart Assets, offered and sold promissory notes to raise money from investors.

The SEC complaint alleges that Smart went to great lengths to convince investors that he was a sophisticated financial planner, when in fact he was misappropriating funds for his own personal use and investing the remaining funds entrusted to him in illiquid and ill-fated real estate ventures. Smart represented to investors that he was providing a conservative, sound investment opportunity for them to receive regular, monthly income.

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Reference Info:Pleadings | | United States

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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