Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

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Monday, December 28, 2009

Ohio Investment Adviser Settles Allegations of Misappropriating Funds from Elderly Clients

Julie M. Jarvis, of Columbus, Ohio, and her financial advisory firm, Crossroads Financial Planning, Inc, have agreed to settle the SEC's pending civil action against them that  alleged that Jarvis misappropriated at least $2.3 million from two elderly clients between June 2000 and March 2009. In a related criminal proceeding, on October 14, 2009, the United States District Court for the Southern District of Ohio sentenced Jarvis to 66 months incarceration based upon her plea of guilty to criminal charges stemming from the same conduct alleged in the Commission's complaint. The Court also ordered her to pay restitution in the amount of $2,663,681.44.

http://lawprofessors.typepad.com/securities/2009/12/ohio-investment-adviser-settles-allegations-of-misappropriating-funds-from-elderly-clients.html

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