SEC Secures Summary Judgment Against California-based Investment Adviser Mark Boucher and Strategic Wealth Advisor Group Services

INVESTORS: California-based Investment Adviser Mark Boucher and his company Strategic Wealth Advisor Group Services (SWAG) were charged with defrauding advisory clients by misappropriating more than $2.2 million.

California-based Investment Adviser Mark Boucher and his company Strategic Wealth Advisor Group Services (“SWAG”) were charged with violating the antifraud provisions of Section 17(a) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, and Sections 206(1) and 206(2) of the Investment Advisers Act of 1940. 

The court granted the SEC’s motion for summary judgment on the issue of liability, finding that: (1) the undisputed facts showed that the defendants, acting with scienter, stole money from their clients and (2) that defendants, who relied on unauthenticated documents in their opposition to the SEC’s motion, failed to demonstrate any genuine issue of triable fact.

The Sonn Law Group is currently investigating allegations surrounding Mark Boucher and Strategic Wealth Advisor Group Services. We represent investors in claims against negligent brokers and brokerage firms. If you or your loved one experienced investment losses, we are here to help. For a free consultation, please call us now at 866-827-3202 or complete our contact form.