The US Securities & Exchange Commission (SEC) has barred Gregory Loles,
52, from the securities industry. This comes after Loles pleaded guilty
in July of this year to mail fraud, wire fraud, money laundering, and
The SEC has alleged that Loles, through his Westport-based Apeiron Capital
Management, Inc., bilked investors out of their cash and made false and
misleading statements to that end. He has been accused of diverting investors'
cash from his company and into his personal account.
Although Loles has not admitted or denied the accusations, he did accept
the ban from the SEC. He may be able to reapply for association with the
securities industry at a later time. Until then, he is barred from associations
with any investment advisor, broker, dealer, or other person or organization
in the industry.
Meyer Wilson represents victims of investment fraud and stockbroker misconduct
stockbroker mediation, arbitration, and litigation. Give one of our experienced securities fraud
attorneys a call today for a free consultation.