SEC Litigation Releases

SEC v. Jeffrey Higgins - Securities Fraud Misappropriation

The SEC charged former investment adviser Jeffrey Higgins with misappropriating more than $800,000 from twelve clients through a sham investment program between September 2017 and February 2024. Higgins allegedly used client funds to purchase securities at a transfer agent without discount, then used falsified documents to divert securities to his personal account. The SEC seeks permanent injunctions, disgorgement with prejudgment interest, and civil penalties.