Temenos Advisory, Inc. and principal and chief executive officer (CEO) George Taylor (CRD# 1104198) regarding charged with fraud for putting $19 million of investor money into risky investments. Taylor has been registered with Fairport Capital, Inc. in Litchfield, Connecticut since 1998.
In July 2018, The Securities and Exchange Commission (SEC) charged the Connecticut-based investment adviser Temenos Advisory, Inc. and Taylor with violating the anti-fraud and registration provisions of the federal securities laws.
It is alleged that Taylor defrauded advisory clients and prospective clients by steering the clients into unsuitable investments and by hiding commissions and other financial incentives between 2014 and 2017. It is alleged that Temenos and Taylor downplayed or concealed risks, and overstated potential gains, associated with a series of four illiquid private placements that they advised their clients and prospective clients to invest in. Taylor grossly overbilled clients and pocketed high commissions from the private placement companies and acted as unregistered broker-dealers.
Temenos Advisory, Inc. and Taylor harmed retail investors, including senior citizens and individuals approaching retirement age who invested money from their retirement funds or pension plans into the private investments.
According to the SEC, “Through the activities alleged, Temenos and Taylor, while acting as investment advisers, have employed devices, schemes and artifices to defraud their investment advisory clients and have engaged in acts, transactions, practices and courses of businesses which operated as a fraud on their investment advisory clients.”
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If and have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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