SEC Expels Christopher Dougherty

The Securities and Exchange Commission (“SEC”) announced on August 15, 2019 that It indefinitely barred securities broker Christopher Dougherty (CRD#: 2974523, San Diego, California). Namely, the SEC’s Order forbids Dougherty from being a financial advisor or a securities broker effective August 15, 2019. Also, SEC obtained an injunction against him for purportedly defrauding investment advisory clients through operating a Ponzi scheme. It appears that Dougherty’s clients were taken by more than $7,000,000.

Christopher Dougherty Allegedly Defrauds Investors In Ponzi Scheme

Apparently on April 26, 2019, the SEC charged Christopher Dougherty with operating a Ponzi scheme through Dougherty’s investment advisor, C&D Professional Services, Inc. (also called C&D Wealth Management). Allegedly, Dougherty advised various individuals and companies, including veterans and school employees, about investing in private investments. Apparently, he pushed these private placements on unsophisticated investors who placed their confidence in him with their life savings. Supposedly, he persuaded his clients to invest by suggesting that these placements would provide tax-free quarterly dividends. However, SEC indicated that these private placements did no such thing because they did not exist.

Dougherty Allegedly Commingled Investor Assets In Ponzi Scheme

SEC says that Christopher Dougherty solicited clients’ investments in JTA Real Estate Holdings, LLC and JTA Farm Enterprises. Apparently, he owned both of those companies. Supposedly, Dougherty commingled those clients’ investments with the investments of C&D Wealth Management. As a result, this allegedly exposed clients’ assets to a Ponzi scheme – a fraudulent scam typically involving investors being promised high returns with little risk. Notably, fraudsters carry out Ponzi schemes through using funds from new investors to pay returns to early investors. These schemes typically fail when there is not enough new money coming in to cover investor redemptions. In this case, SEC charged Dougherty with breaking federal securities laws and rules.

Christopher Dougherty Barred By SEC To Protect Investors From Fraud

Evidently, a judgement rendered against Christopher Dougherty on August 12, 2019 permanently restrained him from violating securities laws. Because of this, the SEC determined that it was in the public’s interest to essentially expel Dougherty from the securities industry.

Lars Soreide Highest Ethical Standard Award 2018

Lars Soreide Highest Ethical Standard Award 2018

Did you experience losses by placing your assets in C&D Wealth Management, JTA Real Estate Holdings or JTA Farm Enterprises through Christopher Dougherty? If so, contact Soreide Law Group at (888) 760-6552 and speak with experienced counsel about a possible recovery of your investment losses. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The law firm has recovered millions of dollars for clients who have suffered losses due to misconduct of brokers and brokerage firms.