June 01, 2015
Sage Advisory Group, LLC, Benjamin Lee Grant
SANCTION AMOUNT: $1,051,038
Defendants: Sage Advisory Group, LLC
Benjamin Lee Grant
Sanction resolving two cases against a former RIA and its principal. In the first, the individual fraudulently led his brokerage customers to transfer their assets to the defendant RIA with various pressure tactics, and with the misleading representation that they would benefit from a "wrap fee" program which actually benefitted the RIA. In the second case, the RIA employed the individual defendant's father who'd been barred from the industry, and did not disclose it.
- Key Docs
- Official SEC press release