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2013-08-28T00:00:00.000Z

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Wrong Larry Dearman?

Mr. Larry Dearman J. Sr.

Charges Oklahoma Investment Adviser

Securities and Exchange Commission

HQ Phone: (202) 942-8088

Securities and Exchange Commission

100 F St. NE

Washington DC, District of Columbia 20549

United States

Company Description

June 19, 2013 - The Securities and Exchange Commission announced that it has issued its second ever whistleblower incentive award. The whistleblower award program was established as part of the 2009 Dodd-Frank legislation and seeks to encourage whistleblo ... more

Find other employees at this company (9,983)

Background Information

Employment History

Investment Consultant
The Focus Group

Affiliations

Treasurer
Rhode Island

Senior Investment Advisor
U.S. Securities and Exchange Commission

Education

Bachelor of Science degree
Communications
Oklahoma Wesleyan College

salutatorian

Wynona High School

Web References (38 Total References)


SEC Litigation News | James A. Dunlap Jr. & Associates

www.jamesdunlaplaw.com [cached]

Larry J. Dearman, et al.

...
U.S. SECURITIES AND EXCHANGE COMMISSION Litigation Release No. 22789 / August 27, 2013 Securities and Exchange Commission v. Larry J. Dearman, et al., Civil Action No. 4:13-cv-553-GKF-TLW (N.D. Ok.) SEC Charges Oklahoma Investment Adviser and Cohort with Fraud On August ... Continue reading →
Posted inSEC Litigation News | Leave a comment


Larry J. Dearman, et al. | James A. Dunlap Jr. & Associates

www.jamesdunlaplaw.com [cached]

Larry J. Dearman, et al.

...
Securities and Exchange Commission v. Larry J. Dearman, et al., Civil Action No. 4:13-cv-553-GKF-TLW (N.D. Ok.)
SEC Charges Oklahoma Investment Adviser and Cohort with Fraud
On August 27, 2013, the Securities and Exchange Commission brought securities fraud charges against former investment adviser Larry J. Dearman, Sr. and his close friend, Marya Gray, in connection with fraudulent securities offerings that raised at least $4.7 million from more than 30 of Dearman's advisory clients.
...
The complaint, filed in the U.S. District Court in Tulsa, Oklahoma, alleges that Dearman invested his clients in various businesses that Gray owned in Bartlesville, Oklahoma.
...
According to the Commission, Dearman and Gray misled investors about the safety of the investments and how their funds would be used, telling them, for instance, that investor funds would be used to purchase equipment for one of Gray's companies, Bartnet Wireless Internet, Inc.
...
In truth, however, Gray and Dearman squandered the vast majority of investor funds on gambling, personal expenses, and Ponzi payments.
...
The complaint also alleges that Dearman stole roughly $700,000 from some of his clients through various ruses.
The complaint alleges that Dearman and Gray violated or aided and abetted violations of Section 17(a) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, and Sections 206(1) and (2) of the Investment Advisers Act of 1940.


Larry J. Dearman, et al. | James A. Dunlap Jr. & Associates

www.jamesdunlaplaw.com [cached]

Larry J. Dearman, et al.

...
Securities and Exchange Commission v. Larry J. Dearman, et al., Civil Action No. 4:13-cv-553-GKF-TLW (N.D. Ok.)
SEC Charges Oklahoma Investment Adviser and Cohort with Fraud
On August 27, 2013, the Securities and Exchange Commission brought securities fraud charges against former investment adviser Larry J. Dearman, Sr. and his close friend, Marya Gray, in connection with fraudulent securities offerings that raised at least $4.7 million from more than 30 of Dearman's advisory clients.
...
The complaint, filed in the U.S. District Court in Tulsa, Oklahoma, alleges that Dearman invested his clients in various businesses that Gray owned in Bartlesville, Oklahoma.
...
According to the Commission, Dearman and Gray misled investors about the safety of the investments and how their funds would be used, telling them, for instance, that investor funds would be used to purchase equipment for one of Gray's companies, Bartnet Wireless Internet, Inc.
...
In truth, however, Gray and Dearman squandered the vast majority of investor funds on gambling, personal expenses, and Ponzi payments.
...
The complaint also alleges that Dearman stole roughly $700,000 from some of his clients through various ruses.
The complaint alleges that Dearman and Gray violated or aided and abetted violations of Section 17(a) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, and Sections 206(1) and (2) of the Investment Advisers Act of 1940.


August | 2013 | James A. Dunlap Jr. & Associates

www.jamesdunlaplaw.com [cached]

Larry J. Dearman, et al.

...
U.S. SECURITIES AND EXCHANGE COMMISSION Litigation Release No. 22789 / August 27, 2013 Securities and Exchange Commission v. Larry J. Dearman, et al., Civil Action No. 4:13-cv-553-GKF-TLW (N.D. Ok.) SEC Charges Oklahoma Investment Adviser and Cohort with Fraud On August ... Continue reading →
Posted inSEC Litigation News | Leave a comment


Rhode Island Treasurer Misleading Public Is Worse Than Withholding Hedge Fund Information | James A. Dunlap Jr. & Associates

www.jamesdunlaplaw.com [cached]

Larry J. Dearman, et al. →

Rhode Island Treasurer Misleading Public Is Worse Than Withholding Hedge Fund Information
...
Larry J. Dearman, et al. →
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