Yesterday, on this blog we wrote that The Financial Industry Regulatory Authority (FINRA) recently filed a cease-and-desist order against Success Trade Securities. It has now been reported that federal investigators are interested in speaking to multiple NFL and NBA players regarding an $18 million investment scheme.
The U.S. Department of Justice, the Federal Bureau of Investigation and the U.S. Securities and Exchange Commission are heading up the investigation saying that Jade Management had more than 30 athletes who purchased high interest investments. Allegedly, these investments are fraudulent.
According to the report, Jade Management previously managed finances for professional athletes and had investment ties to Success Trade Securities. Some of those investments purportedly promised interest returns between 11 and 26 percent.
If you have experienced a financial loss due to Success Trade Securities or Jade Management, call Soreide Law Group for a free consultation with an attorney on how to potentially recovery your investment at: 888-760-6552.
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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