August 8, 2014

The SEC charged New York-based brokerage firm Crucible Capital Group and its founder Charles “Chuck” Moore for allegedly violating net capital requirements and falsifying books and records to conceal the capital deficiencies.  According to the SEC, they attempted to disguise the firm’s extensive net capital insufficiencies by improperly off-loading its liabilities onto the books of an affiliated firm and improperly treating non-marketable stock as an allowable asset.  Moore went so far as to try to hide Crucible’s true financial condition from SEC examiners by providing them doctored invoices that sought to mask the extent of those liabilities.  SEC

Tagged in: Misrepresentations, Regulatory Violations, Securities Fraud,