The Securities and Exchange Commission (SEC) filed a complaint against Andrew H. Jacobus, Finser International Corporation and Kronus Financial Corporation.
The document, submitted to the Southern District Court of Florida on May 28, 2025, claims that between at least May 2015 and April 2024 (the “relative period”), Jacobus, Finser and Kronus excluded about $ 17.3 million from 40 consulting customers.
During the relative period, Jacobus informed customers to invest in investment funds he probably did, as well as in other securities. He issued the position of confidence on the basis of his confidential task as an investment consultant to several customers, with the deposition of about $ 39.7 million in various bank accounts and brokerage bills he controlled, from which he signed customers and made $ 7.8 million in Ponzi.
The defendants allegedly violated Article 17 (a) of the 1933 Mobile Values Act (“Law on Mobile Values”) [15 U.S.C. §§ 77q(a)]; Article 10 (b) of the 1934 Mobile Exchange Act (“Exchange Act”) [15 U.S.C. §78j(b)] and Article 10b-5 [17 C.F.R. §240.10b-5] below; and Departments 206 (1) and 206 (2) of the 1940 Investment Advisers Act (“Advisers ACT”) [15 U.S.C. § 80b-6(1) and (2)].
The Securities and Exchange Commission said that, unless it imposed, the defendants will continue to violate the laws on federal mobile values. The Commission seeks suspensive discharge, as well as discoloration with bias interest and civil sanctions against the accused. The Commission also seeks a mandate that imposes permanent behavior based on Jacobus.
Kronus was a Florida company with the main business in Miami, Florida since February 2017 through its administrative dissolution on September 27, 2024. Kronus served as a portfolio company for assets and offered consulting services. Jacobus was the only owner, president and director of Kronus.
Finser was a Florida company in Coral Gables, Florida since April 2010 via its administrative dissolution on September 27, 2024. Jacobus was the director, president and the only owner of Finser.
Finser was registered with the Commission as an investment consultant between June 2010 and January 2021, when he submitted an ADV-W form to withdraw his registration. Finser offered discreet and non -discreet management and portfolio recommendation services.
On September 24, 2020, Finser and Jacobus agreed to the entry of an administrative order without admitting or denying claims that, inter alia, they charge the performance fees to an investment fund managed by customers.
Jacobus, 62 years old, lives in FT. Lauderdale, Florida. He was always the only owner, president and head of Finser’s compliance and the only owner, president and director of Kronus. Jacobus has been in the world asset management company for over 30 years and has permitted Series 65.
In June 2024, Jacobus was charged with a first -degree Broward County in Florida and has admitted that he is not guilty.