The Securities and Exchange Commission (SEC) has obtained a judgment against Anthony B. Liddle, who operated Prosper Wealth Management, LLC.
On February 28, 2024, the U.S. District Court for the Western District of Wisconsin entered a final judgment against Liddle.
The SEC’s complaint, filed on January 24, 2023, alleged that Liddle, while acting as an investment adviser, fabricated documents and made misrepresentations to clients, many of whom were seniors. Liddle misrepresented that these clients’ portfolios had become too risky and needed to be replaced with less risky securities.
These “less risky” securities were often rated as high risk and were also unavailable. Liddle had advisory clients send money directly to his investment advisory company, where Liddle misappropriated client funds and never invested the money on his…
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