SEC
Whistleblower
Attorneys

August 08, 2014

AIC, Inc., Community Bankers Securities, LLC, Nicholas D. Skaltsounis, Allied Beacon Partners, Inc., f/k/a Waterford Investor Services, Inc., Advent Securities, Inc., CL Wealth Management, LLC, f/k/a Allied Beacon Wealth Management, LLC, f/k/a CBS Advisor

Offering Fraud

SANCTION AMOUNT: $70,630,728

Defendants: AIC, Inc., Community Bankers Securities, LLC, Allied Beacon Partners, Inc., Advent Securities, Inc., CL Wealth Management, LLC
Nicholas D. Skaltsounis

Ponzi scheme in which financial services holding company was used as basis for offerings of promissory notes and stock, which were sold through registered representatives associated with a broker-dealer subsidiary of the holding company, generally to unsophisticated investors who were misled as to risks, use of proceeds, etc.

Thank you for submitting some email to us.