SEC v. Rennie

SEC Complaint against Gregg Thomas Rennie


The complaint alleges that, from early 2007 through the present Rennie defrauded numerous clients in Massachusetts and New Hampshire of at least $2 million. According to the Commission's complaint, Rennie told his clients that their money would be invested in risk-free "federal housing certificates" that paid up to 12% per year, tax free, and were offered by a real estate investment company based in Boston. The complaint alleges that the investments were completely fictitious and that Rennie had no relationship with the real estate investment company whose name he used.

According to the complaint, Rennie used investor proceeds to pay personal expenses and withdrew thousands of dollars in cash from the account where investor funds were sent.

The complaint seeks a restraining order preventing the defendants from violating Sections 5(a), 5(c), and 17(a) of the Securities Act of 1933; Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder; and Sections 206(1) and 206(2) of the Investment Advisers Act of 1940.

LOADING PDF: If there are any problems, click here to download the file.

Reference Info:Pleadings | Federal, 1st Circuit, Massachusetts | 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.

© Doug Cornelius | Attorney Advertising

Written by:


Doug Cornelius on:

JD Supra Readers' Choice 2016 Awards
Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*By using the service, you signify your acceptance of JD Supra's Privacy Policy.

Already signed up? Log in here

*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.