SEC Fine IA Mislead Investors

On Jul. 18, SEC charged advisor on risky investments for clients.

  • Temenos Advisory, George Taylor, steered clients into illiquid private offerings.

Alleged Violations

  • Used $19mn of clients’ money from elderly investors’, savings, pension plans.
  • Concealed from clients high commissions they took from risky and unsuitable
    investment recommendations, including cash, ownership in private companies.
  • Fraudulently misled clients about the risks and prospects of these investments.
  • Temenos and Taylor allegedly grossly over-billed some of their advisory clients.


  • Complaint charges defendants for violation of anti-fraud and registration rules.
  • SEC sought disgorgement of ill-gotten gains, interest, penalties and injunction.