The former chief compliance officer of investment adviser Tellone Management Group (TMG) has been charged by the Securities and Exchange Commission (SEC) for his role in a fraudulent scheme to hide information from investors.
Steven Wolfe, TMG’s vice president of investments, held the title of CCO from 2006-17. He is charged with aiding and abetting the company’s violations of multiple securities laws; the SEC is seeking disgorgement of ill-gotten gains with prejudgment interest, civil penalties, and permanent injunctive relief as part of its litigation.
