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SEC Prosecutions

SEC Prosecutions

Former President and General Counsel of Jarco, Inc., and Salesperson/RIA Charged for Fraudulent Offer and Sale of Securities

SEC v. Weyman B. Sinyard, Thomas P. Poulakidas, Randy Depoister, FinancialResources Advisory, Inc. and Jarco, Inc.; In the Matters of Randy Depoister and Financial Resources Advisory, Inc. , Respondents

  • 1999
  • $3.1 Million

SEC charged defendants with fraud in the offer and sale of unregistered promissory notes issued by Jarco, Inc. They raised over $1 million from at least 23 investors residing in Illinois and Indiana. Alleged material misrepresentations and omissions included, among other things, the risks, return and duration of the investment, the true nature of the investment and the use of investor funds.

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