Name and Shame
Name and Shame

TH WEALTH MANAGEMENT LLC REVIEW

Complaint
#5YDQ3

This complaint was posted on NAS on 6th Jan, 2021 and is a permanent record located here: https://www.nameandshame.com/th-wealth-management-llc-5YCW9/running-cherry-picking-scheme-mastermind-brian-keat-hobbs-id5ydq3 .

NameandShame Author
The Smart Investor Feed
6th Jan, 2021

Running A Cherry Picking Scheme (Mastermind: Brian Keat Hobbs)

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


TH Wealth Management LLC 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 TH Wealth Management LLC

The Securities and Exchange Commission charged TH Wealth Management, LLC, a Dallas, Texas-based investment adviser, and Brian Keat Hobbs, its sole owner and principal, for conducting a cherry-picking scheme that defrauded four of their clients.


According to the SEC's complaint, from at least December 2016 through March 2019, Hobbs placed options trades using TH Wealth's omnibus trading account, which is intended to facilitate purchases of securities for multiple client accounts. As alleged, Hobbs placed the option trades early in the trading day but did not allocate the trades to specific clients or Hobbs's personal accounts until the end of the day. The complaint alleges that Hobbs then disproportionately allocated profitable trades to his personal accounts and allocated the unprofitable trades to his clients' accounts. As alleged in the complaint, Hobbs and TH Wealth also misrepresented to clients that all trades would be equitably allocated.


The SEC's complaint, filed in the U.S. District Court for the Northern District of Texas, charges Hobbs and TH Wealth with violating the antifraud provisions of Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, Section 17(a) of the Securities Act of 1933, and Sections 206(1) and 206(2) of the Investment Advisers Act of 1940. The complaint seeks permanent injunctions, disgorgement with prejudgment interest, and civil penalties.


Conclusion: TH Wealth Management LLC Is A Fraud

The report on SEC clearly suggests that TH Wealth Management LLC 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 TH Wealth Management LLC 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


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