Wealth Pools Fined 440K

Wealth Pools has been fined $440,000 by the New Brunswick Securities Commission, the largest individual penalty ever levied.

The Securities Commission ruled that Robert E. Lane, the president of the Orlando, Florida based Wealth Pools, must pay $160,000 in administrative penalties plus $2000 in associated costs.

According to the Executive Director of the Securities Commission, "The penalty reflects the seriousness of the offence and the magnitude of harm done to New Brunswick investors".

 

More Wealth Pools International News and Articles

• Wealth Pools in New Brunswick Business Journal
• MBSC Schedules Hearing Against Wealth Pools
• Wealth Pools International Frozen
• SEC Injunction Against Wealth Pools and Robert Lane
• Orlando BBB Wealth Pools and Robert Lane Complaints
• Wealth Pools International Florida Preliminary Injunction

 

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