sec whistleblower attorneys
March 02, 2020
Neil Burkholz, Frank Bianco, Palm Financial Management, LLC, Shore Management Systems, LLC, et al.
Offering Fraud
SANCTION AMOUNT: $1223766
Defendants: Palm Financial Management, LLC, Shore Management Systems, LLC
Neil Burkholz, Frank Bianco
Default judgment as against the entity defendants, which were allegedly used by Burkholz and Bianco to solicit investors by falsely representing that their proprietary options trading strategies were highly profitable. To the contrary, the SEC charged that less than half of investor funds were actually invested (in near-total losses) and the rest were misappropriated.
- Key Docs
- Official SEC press release
