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SEC CONCLUDES CASE AGAINST FORMER SEATTLE INVESTMENT ADVISOR

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04
Jun

SEC CONCLUDES CASE AGAINST FORMER SEATTLE INVESTMENT ADVISOR

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SEC Concludes Case Against Former Seattle Investment Advisor

 

The Securities and Exchange Commission (SEC) has recently finished its case against Mark F. Spangler, a former investment adviser from Seattle, and his company The Spangler Group, Inc.  The SEC reported that a final judgment was entered by the U.S. District Court for the Western District of Washington in Seattle on June 3, 2015.

 

Mark Spangler was originally charged with funneling over $47 million of his clients’ assets into private ventures that Spangler co-founded as part of a fraudulent scheme.  The SEC originally filed its complaint against Spangler and The Spangler Group, Inc. (also based in Seattle) in May 2012.  See also here.

 

According to the FBI website, Spangler, who is from Seattle, was convicted of 32 counts of wire fraud, money laundering, and investment adviser fraud in November 2013.  The Seattle Times reported in March 2014 that Spangler was sentenced to 16 years in prison and ordered to pay over $20 million in restitution.

 

Israels & Neuman PLC is a national securities and investment fraud law firm with offices in Bellevue and Denver, Colorado.  We represent investors in FINRA arbitration proceedings in all 50 states, and we also represent investors locally, including in Seattle, Bellevue, Kirkland, Bothell, Kenmore, Renton, Redmond, Sammamish, Issaquah, Mercer Island, Medina, Clyde Hill, Yarrow Point, Hunts Point, Beaux Arts Village, Woodinville, and many other local communities.  Our attorneys have represented over one thousand investors against many brokerage firms in the past, including LPL Financial, Merrill Lynch, Morgan Stanley, Smith Barney, Stifel Nicolaus & Company, UBS Financial Services, Oppenheimer, Charles Schwab, Wells Fargo Advisors, Ameriprise Financial Services, Raymond James Financial Services, ProEquities, Securities America, National Securities Corp., and many others.

 

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Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency. Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency. All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact. This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice. Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis. In contingent representation, clients may still be liable for costs.
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