- 2014
Based on a prior proceeding brought by the State of
Ohio Department of Commerce, Division of Securities, the SEC found that respondent, the principal of Ohio RIA Keystone Capital Management, LLC, misappropriated $1,156,428.38 out of approximately $7.9 million raised through the sale of interests in Keystone Capital for his personal use and unrelated business
expenses, and made other misrepresentations regarding the investments and the use of investor funds. Further, of the money that wasn’t misappropriated, all but $13,000 was allegedly lost through risky trading.
