Broker made millions off of elderly in Ponzi scheme says SEC and FINRA

By | November 20th, 2019|Categories: FINRA, Ponzi|Tags: , , |

A former broker accused of running a Ponzi scheme targeting elderly investors is banned from the securities industry by the U.S. Securities and Exchange Commission. James Booth of Norwalk, Connecticut was arrested on September 30, 2019 after the U.S. Department of Justice and the SEC said he raised approximately $4.9 million from nearly 40 investors. [...]