Securities and Exchange Commission (SEC) took action against securities broker Clarice Crystal Saw (also known as Clarice Chin Saw) [CRD: 2633118, Wilmington, Delaware], based on public information through FINRA. BrokerCheck identifies Wilmington, Delaware, as the location of Coastal Equities Inc., where Saw worked from November 21, 2022, to August 1, 2023; she also worked for Cetera Investment Services LLC from September 30, 2021, to June 30, 2022. Investors should continue reading to find out more about Saw’s disclosures.
Evidently, on April 15, 2026, the United States District Court for the Southern District of New York entered a final judgment in SEC Case 1:23-cv-06573. The judgment permanently enjoined Saw from future violations and ordered her to pay $640,587.30 in disgorgement, $98,144.04 in prejudgment interest, and a $640,587.30 civil penalty.
The SEC alleged that, from approximately December 2021 through March 2022, Saw misappropriated approximately $2.4 million from an elderly brokerage investor. According to the complaint, Saw deceptively obtained power of attorney, falsified brokerage records, liquidated securities without authorization, and transferred assets into her personal accounts. The SEC alleged that this conduct violated Securities Act Sections 17(a)(1) and 17(a)(2), Exchange Act Section 10(b), and Rule 10b-5.
Also, Coastal Equities Inc. disaffiliated with Saw on August 1, 2023. Allegedly, Saw was discharged after the SEC filed a complaint accusing her of misappropriating funds from an investor while she was affiliated with a prior firm.
Do you have concerns or questions regarding investments you made with Clarice Saw? You can contact Soreide Law Group online or at (888) 760-6552 and consult with a securities attorney about a possible recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the United States. Also, our securities lawyers work on a contingency fee arrangement and advance all costs. Saw and the brokerage firms she worked for deny allegations of sales practice violations.
Steven Graham (CRD 1977736) denies the allegations in a pending customer claim filed on August 11, 2026. The disclosure names Western International Securities as the firm, and the claim involves corporate bonds. No arbitrator has ruled on it. His BrokerCheck report also lists a settled bond dispute and a federal court matter from earlier years.
A claim filed on September 11, 2024 names Thomas Hamlin (CRD 2208505) over a 10% Senior Unsecured Note in iCap Fund III. Every disclosure on his BrokerCheck report involves an iCap private placement and names Somerset Securities as the firm. Each one settled, and a settlement is not an admission of wrongdoing.
Peter Po's most recent settlement came on June 28, 2026, when a corporate bond claim settled for $40,000. Po (CRD 3106974) appears in several settled customer disputes over corporate and high-yield bonds. The disclosures name NI Advisors or California Securities as the firm, and each matter ended in a settlement, not a finding.
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