Action against Respondents, an investment adviser and its sole owner, in connection with an alleged options trading cherry-picking scheme.  According to the SEC, Respondent owner allocated profitable trades to himself or his wife and allocated unprofitable trades to clients.  The SEC alleges that Respondents also made false statements to clients and prospective clients in their Forms ADV regarding their trading in the same securities as clients, trading at or around the same time as clients, and aggregating trading for multiple client accounts.  Respondents have agreed to pay, jointly and severally, disgorgement of $232,166, prejudgment interest of $15,268, and a civil penalty of $189,427.

SEC Order