sec whistleblower attorneys
May 12, 2020
Neil Burkholz, Frank Bianco, Palm Financial Management, LLC, Shore Management Systems, LLC, et al.
Offering Fraud
SANCTION AMOUNT: Approximately $2.7 million
Defendants: Palm Financial Management, LLC, Shore Management Systems, LLC
Neil Burkholz, Frank Bianco
Final judgments entered against the individual defendants on default (Burkholz) and on consent (Bianco), respectively. In this case, the SEC alleged that investors were solicited for proprietary options trading strategies that were falsely represented to be highly profitable, and funds were misappropriated. Default judgment previously entered against the entity defendants.
- Key Docs
- Official SEC press release
