{"id":64650,"date":"2018-07-11T00:12:21","date_gmt":"2018-07-11T04:12:21","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=64650"},"modified":"2018-07-10T23:41:48","modified_gmt":"2018-07-11T03:41:48","slug":"sec-obtains-final-judgment-against-investment-advisers-assistant","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2018\/sec-obtains-final-judgment-against-investment-advisers-assistant.html","title":{"rendered":"SEC Obtains Final Judgment Against Investment Adviser&#8217;s Assistant"},"content":{"rendered":"<p>(HedgeCo.Net) A federal district court in the Western District of New York has entered a final judgment against Amherst, New York resident Lauramarie Colangelo, formerly an assistant to investment adviser Tarek D. Bahgat.<\/p>\n<p>The SEC&#8217;s complaint alleges that Bahgat misappropriated money from seven of his investment advisory clients, in some instances through WealthCFO LLC, a company Bahgat controlled. The SEC also alleges that Colangelo, WealthCFO&#8217;s operations manager, impersonated one of Bahgat&#8217;s clients during a telephone call with a broker-dealer holding the client&#8217;s account and thereby obtained internet access to that account. This enabled Bahgat to cause money to be transferred from the client&#8217;s account to Bahgat and WealthCFO. The SEC&#8217;s complaint charges Bahgat with violating Sections 206(1) and 206(2) of the Investment Advisers Act of 1940 (Advisers Act) and Colangelo with aiding and abetting certain of Bahgat&#8217;s violations. The complaint sought permanent injunctions and civil penalties from Colangelo.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>(HedgeCo.Net) A federal district court in the Western District of New York has entered a final judgment against Amherst, New York resident Lauramarie Colangelo, formerly an assistant to investment adviser Tarek D. Bahgat. The SEC&#8217;s complaint alleges that Bahgat misappropriated [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,3,16048,16047],"tags":[],"class_list":["post-64650","post","type-post","status-publish","format-standard","hentry","category-hedgeco-networks-press-releases","category-hedgeco-news","category-hedgecovest-news","category-insider-trading-2"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/64650","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=64650"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/64650\/revisions"}],"predecessor-version":[{"id":64651,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/64650\/revisions\/64651"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=64650"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=64650"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=64650"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}