SEC Charges Ann Vick, Colorado Investment Adviser, with Fraud

The SEC accused Vick of fraudulently raising approximately $3.2 million from nearly two dozen investors.

sec-charges-colorado-investment-adviser-with-fraudThe SEC filed charges against Ann Vick, a Colorado investment adviser, for conduct occurring from August 2018 through January 2021. According to the SEC’s complaint, Vick represented herself to investors as a consistently successful options trader and promised investors exorbitant investment returns. However, Vick’s options trading allegedly resulted in a volatile mix of gains and losses, and she had never generated the consistent profits necessary to pay investors the returns she promised. According to the complaint, after suffering significant trading losses in early 2020, Vick began making Ponzi-like payments to investors and misappropriated approximately $570,150 of investor funds.

The SEC’s complaint charged Vick 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), 206(2), and 206(4) of the Investment Advisers Act of 1940 and Rule 206(4)-8 thereunder.

Without admitting or denying the allegations, Vick consented to the entry of a judgment permanently enjoining her from future violations of the charged provisions and from participating in the offer or sale of any securities, and requires her to pay disgorgement of $570,150 together with prejudgment interest thereon in the amount of $27,929, and to pay a civil penalty of $570,150. Vick is also prohibited from acting as an officer or director for any public company. The settlement has not yet been approved by the court.

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The Sonn Law Group is currently investigating allegations surrounding Ann Vick. 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.