Name and Shame
Name and Shame



This complaint was posted on NAS on 6th Jan, 2021 and is a permanent record located here: .

NameandShame Author
Stocks & Bonds News
4th Jan, 2021

Alleged Fraudster! SEC is still investigating

Today, The Smart Investor Feed brings you another morally reprehensible fraud.

David C. Coggins has been seized/arrested by the U.S. Securities And Exchange Commission (SEC). Shocking right?

We weren’t expecting this as well, but these scammers are getting smarter by the minute, making it harder for us to identify.

Such swindlers seem to be booming in numbers lately. This case is kind of interesting, why don’t I show you why:

Full Report On David C. Coggins

On September 24, 2020, the Securities and Exchange Commission obtained a judgment against Florida-based investment adviser Coral Gables Asset Management LLC, its owner David C. Coggins, and two relief defendants in an ongoing civil action based on an alleged fraudulent securities offering.

The SEC's complaint, filed on August 19, 2020 in federal court in Florida, alleges that Coral Gables Asset Management and Coggins solicited investors for a private fund they managed by misrepresenting the fund's past performance, the amount of assets they were managing, and Coggins' experience as a portfolio manager. According to the complaint, the defendants provided investors with falsified investor account statements and audit opinions. Additionally, Coggins allegedly misappropriated investor funds for personal use, including to pay for a luxury vehicle and travel, and destroyed evidence related to his fraudulent conduct after he received a request from the SEC to preserve documents.

The complaint charged Coral Gables Asset Management and Coggins with violating the antifraud provisions of Section 17(a) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, and Sections 206(1), 206(2), 206(4) of Investment Advisers Act of 1940 and Rule 206(4)-8 thereunder. The complaint also charged Coggins with aiding and abetting Coral Gables' violations of the Investment Advisers Act and named Coral Gables Asset Holdings, L.P. and its successor entity Coral Gables Capital, L.P., as relief defendants. Without admitting or denying the SEC's allegations, the defendants and the relief defendants consented to the entry of a judgment that permanently enjoins the defendants from violating the charged provisions, with monetary relief to be paid by the defendants and relief defendants to be determined by the court at a later date. On September 29, 2020, based on the permanent injunctions entered against Coggins and his offer of settlement, the Commission barred Coggins from association with any broker, dealer, investment adviser, municipal securities dealer, municipal advisor, transfer agent, or nationally recognized statistical rating organization.

Conclusion: David C. Coggins Is A Fraud

The report on SEC clearly suggests that David C. Coggins never had any intentions to do honest business or provide helpful services. Main intention behind all their actions was to take advantage of the honesty & gullibility of people and scam them. It would be an understatement to call this a mere fraud, this one is a scandal.

If you feel like you are a victim of this scam, then I recommend contacting a law firm and consulting with them about a lawsuit. Companies & firms pay huge reprimands to settle serious lawsuits.

Help Us Fight These Criminals

Do you have evidence against David C. Coggins or one of their associates, then please post it here. These criminals rely on their witnesses’ & victims’ silence, if you speak up, then they get exposed and punished for their horrific acts. I started The Smart Investor Feed on this site with only one purpose; to become a nightmare for the financial frauds in the country. I try to post often, so you can bookmark my profile for regular updates on frauds & con-artists.

Full Disclosure: We sourced this piece of information from the SEC database

Evidence Box


No evidence added yet

Add your own evidence

No evidence added yet

Add your own evidence

View more complaints for David C. Coggins?