sec whistleblower attorneys
November 12, 2019
Portfolio Advisors Alliance, Howard J. Allen, Kerri L. Wasserman, American Growth Funding II, LLC, Ralph C. Johnson
Offering Fraud
SANCTION AMOUNT: $2123466
Defendants: Portfolio Advisors Alliance, American Growth Funding II, LLC
Howard J. Allen, Kerri L. Wasserman, Ralph C. Johnson
AGF II was a lending company run by Ralph Johnson. They agreed to entry of judgment upon charges they lied to purchasers of AGF II's high-yield securities. And Portfolio Advisors Alliance and the other two individual defendants were a broker-dealer and its two principals who were found by jury to have known of AGF II's fraud and continued to solicit purchasers regardless.
- Key Docs
- Official SEC press release
