REDONDA L. RUSSELL (CRD# 2352819) 66 years-old, former Fort Worth investment advisor, plead guilty to a wire fraud charge. According to the US Attorney's office, Russell targeted the inactive accounts of her clients from First Command Financial Planning, Inc. of Fort Worth, nearly half of whom were dead, for more than $316,000. By targeting inactive […]

James Y. Lee, La Jolla, California, was charged by the SEC on February 13, 2014, for allegedly defrauding his advisory clients by charging a management fee up to 50% of the client's monthly profits and told clients that he would share 50% of their losses. When the clients lost, he did not reimburse them his […]

David L. Cheviron, 61, a former financial advisor from Jackson Township, Ohio, was sentenced recently to 38 months in prison. Cheviron embezzled $442,072 from four of his clients. Not only was Cheviron ordered to pay the entire amount back to his clients, he was also ordered to pay $85,616 to the IRS. He pleaded guilty […]