SEC Accuses Prima Capital of Misappropriating Investor Funds

According to the Securities and Exchange Commission, Prima Capital Group and its owner, Efstratios “Elias” Argyropoulos, frittered away customer money on unauthorized day trading. Investors believed Prima Capital was investing their money in pre-IPO Facebook and Twitter stock. Based in Santa Barbara, Mr. Argyropoulos will likely pay civil penalties, and investors may recover some of their funds through a court-ordered disgorgement. If you believe that you have suffered losses due to an unethical financial advisor, contact the attorneys at Investor Defense Law LLP at no charge to find out whether you have a claim.

Investor Defense Law LLP is a law firm dedicated to helping investors in California, Georgia, and Washington recover losses caused by stockbrokers, financial advisers, or investment firms. To learn more, contact an investment fraud attorney at 800.487.4660.