Alpha Trade Analytics CEO Charged by SEC with Fraud | Recover Investment Losses

Alpha Trade Analytics CEO Charged by SEC with Fraud | Goodman & Nekvasil P.A. May Recover Investor Losses

According to the SEC:  

The Securities and Exchange Commission announced today it charged Steven Fitzgerald Brown with fraud arising from his operation of investment pool Alpha Trade Analytics, Inc.

The SEC’s complaint, filed on September 3, alleges that Brown, the CEO, president, and sole owner and director of Alpha Trade, engaged in a Ponzi-like scheme using Alpha Trade’s investment fund. The complaint alleges that Brown, as investment adviser to the fund, raised approximately $7.5 million from more than 75 investors, claiming that the fund would invest in the financial markets, including by trading securities. The complaint further alleges that Brown guaranteed investors a fixed-rate payout ranging from 8-12% per month, falsely promised that the investments were safe and risk-free, and claimed that all losses would be borne by the fund. According to the complaint, in reality, Brown operated the fund as a Ponzi-like scheme, investing less than 3% of investors’ money in financial markets, and using new investor funds to pay existing investors their promised returns and the return of their principal. Brown also allegedly misappropriated or misused investor funds for his own benefit.

Investors in Alpha Trade Analytics May Recover their Losses with Goodman & Nekvasil, P.A.

If you invested in Alpha Trade Analytics, Goodman & Nekvasil, P.A. may help you. Goodman & Nekvasil, P.A., a St. Petersburg, FL law firm with a national practice representing victimized investors, has recovered more than $200 million dollars on behalf of victimized investors.

All our cases are handled on a purely contingency fee basis by Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA. Kalju Nekvasil, Esq. has practiced in this area of the law for more than 35 years.

There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.

If you incurred investment losses with Alpha Trade Analytics and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.



Contact Us Today!

1 Step 1
FormCraft - WordPress form builder

Leave a Reply

Your email address will not be published. Required fields are marked *