SEC
Whistleblower
Advocates

April 22, 2015

Gregory J. Adams

Financial Fraud

SANCTION AMOUNT: $1,820,828

Defendants: Gregory J. Adams

Sanction against Respondent for his role in fraud conducted through Sovereign International Asset Management, Inc. Among other things, it was found that Sovereign's clients were induced through misrepresentations and omissions to invest in funds run by Nikolai Battoo, which paid referral fees to Respondent and turned out to be a massive fraud themselves. For more information, see https://www.sec.gov/alj/aljdec/2014/id727bpm.pdf.

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