SEC v. Matthew J. Werthe

Matthew J. Werthe, dba HSR Wealth Management, allegedly engaged in a cherry-picking scheme, making misrepresentations to his clients, and violating his fiduciary duties. According to the SEC, from May 2021 to March 2022, Werthe used his firm’s block trading account to disproportionately allocate profitable trades to his personal account and unprofitable trades to his clients’ accounts.

Summary generated from official Securities and Exchange Commission press release