CPA Enjoined, Sanctioned and Barred on Charges of Fraudulent Exploitation of Clients

Action against a C.P.A., his accounting firm, and an investment advisory firm that he formed that was formerly registered with the Commission. The SEC found that Householder acted as investment adviser to a number of accounting clients and acquaintances individually and through Householder Accounting, misappropriating their funds, and offered and sold securities through Apex Capital through fraudulent offering documents. Alleged losses of more than $2.3 million from these fraudulent schemes. An administrative proceeding was also brought against Householder.