The BCSC had applied to renew a $250,000 penalty before the limitation period expires
BCSC panel finds that the former investment advisor defrauded investors of millions to support his lavish lifestyle
Banning embedded fees will reduce options for smaller investors
TV commercials used to highlight the warning signs of investment fraud
Thow motivated by simple greed, judge concludes
Thow persuaded investors to put their money into non-existent securities
Ian Thow spun a web of deception that even skeptics bought, right to the end
Disgraced former mutual fund dealer Ian Thow was arrested Tuesday by members of Oregon’s fugitive task force as he left a condominium in Portland.Thow, former senior vice president of Berkshire Investment Group Inc. in Victoria, faces 25 counts of fraud. The charges cover about $10 million in phony investments that Thow allegedly sold to clients […]
Penalty reduced to $250,000
Rise in appeals signals securities law is becoming more litigious