Defendant Name:
Colonial Tidewater Realty Income Partners, LLC
Defendant Type:
Other
Document Reference:
comp23317
Document Details
Legal Case Name
SEC v. Colonial Tidewater Realty Income Partners, LLC, James R. Glove, and Sherman T. Hill
Document Name
Complaint
Document Date
13-Aug-2015
Document Format
Civil Proceeding
Case Number
15-cv-02401
Federal District Court
Maryland, District of Maryland
Allegation Type
Investment Advisers/Investment Companies
Document Summary
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")."
Other Defendants in Action:
