Defendant Name: Colonial Tidewater Realty Income Partners, LLC

Defendant Type: Other

Initial Case Details

Legal Case Name SEC v. Colonial Tidewater Realty Income Partners, LLC, James R. Glover, and Sherman T. Hill
First Document Date 13-Aug-2015
Initial Filing Format Civil Proceeding
Case Number 15-cv-02401
Allegation Type Investment Advisers/Investment Companies
Federal District Court Maryland, District of Maryland

Violations Alleged

Exchange Act
• Sec 10(b) + Rule 10b-5
Securities Act
• Sec 5(a)
• Sec 5(c)
• Sec 17(a)(2)
• Sec 17(a) (Not specified)

Resolutions

First Resolution Date 20-Aug-2015
Headline Total Penalty and Disgorgement $1,319,386

Related Documents:

comp23317 13-Aug-2015 Complaint
Complaint
On Aug. 13, 2015, the SEC brought a civil action against Colonial Tidewater Realty Income Partners, LLC, James R. Glover, and Sherman T. Hill. The SEC stated: "This action involves a fraudulent offering scheme and investment advisory fraud principally conducted by James R. Glover ("Glover"). From approximately May 1998 to May 2012, Glover defrauded at least 125 investors out of approximately $13.5 million through the sale of unregistered securities of Colonial Tidewater Realty Income Partners, LLC ("Colonial Tidewater") - an entity he controlled along with his longtime friend, co-defendant Sherman T. Hill ("Hill"). During this period, Glover used his position as a registered representative and investment adviser representative at Signator Investors, Inc. ("Signator") to sell these fraudulent offerings to Signator's customers and clients (the "Clients")."
court_doc12_15-cv-02401 20-Aug-2015 Court Docket Document
Final Judgment as to Defendant Colonial Tidewater Realty Income Partners, LLC

Other Defendants in Action:

James R. Glover
Sherman T. Hill

Related Actions:

In the Matter of Signator Investors, Inc. and Gregory J. Mitchell
Signator Investors, Inc.
Gregory J. Mitchell
In the Matter of James R. Glover
James R. Glover
In the Matter of Cory D. Williams
Cory D. Williams