SEC Obtains Final Judgment Against Investment Professional Marcus Boggs

Boggs was previously charged by the SEC with stealing more than $1.7 million from at least three clients.

sec-obtains-final-judgment-against-investment-professionalThe SEC obtained a final judgment on October 22, 2021 against defendant Marcus Boggs, who was charged with stealing more than $1.7 million from at least three investment advisory clients. The SEC’s original complaint against Boggs was filed in August of 2019 in Chicago, Illinois. The complaint alleged that Boggs misappropriated his clients’ money by selling securities in their advisory accounts and then transferring the proceeds to his personal credit card account. The complaint further alleged that from 2016 to 2018, Boggs made more than 200 illegal transfers from three advisory clients’ accounts to his personal credit card account.

The SEC charged Boggs with violating antifraud provisions of Sections 206(1) and 206(2) of the Advisers Act. It also charges Rege with violating Section 203(f) of the Advisers Act and seeks court enforcement of the 2019 SEC order pursuant to Section 209(d) of the Advisers Act.

Boggs consented to entry of a final judgment permanently enjoining him from violations of the antifraud provisions of Section 17(a) of the Securities Act of 1933, Section 10(b) 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 and ordering him to pay disgorgement in the amount of $1,719,493, plus prejudgment interest thereon in the amount of $195,458, for a total of $1,914,951.

On August 18, 2021, the court in Boggs’s criminal case sentenced him to 42 months in prison and ordered him to pay restitution of $3,085,256.

Contact Us Today

The Sonn Law Group is currently investigating allegations surrounding Marcus Boggs. 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.


Se Habla Español

Contact our office today to discuss your case. You can reach us by phone at 844-689-5754 or via e-mail. To send us an e-mail, simply complete and submit the online form below.