George Taylor, Formerly with Fairport Capital, Ordered to Pay $2 Million
Have you lost money with financial advisor George Taylor of Litchfield, Connecticut? We are continuing to look into allegations made by the Securities and Exchange Commission (SEC) against George Lewis Taylor. In June 2020, the SEC obtained a judgment against Taylor and his advisory firm, Tenemos Advisory, to pay $2 million, consisting of disgorgement, interest, and civil penalties.
The SEC previously alleged that Taylor and his advisory company, Temenos Advisory, steered numerous clients into risky private placements, totaling about $19 million. The SEC alleged that starting in 2014, Taylor and Temenos Advisory recommended that investors put money into four private companies – including those in emergency response communications, fiber optics, a crowdfunding investment portal, and water purification technology.
George Taylor was a financial advisor and registered representative of Fairport Capital from 1998 to October 2018. He worked at branch offices in Litchfield and Watertown, Connecticut.
Brokerage firms like Fairport Capital have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Seattle, Washington; Ann Arbor, Michigan; and Phoenix, Arizona. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Connecticut. Our attorneys have represented over one thousand investors against many brokerage firms in the past.