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.

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