Newsletter Signup

Search Our Blog

Stanley Sangwon BAE and RGT Capital Management, LTD. - Shustak Reynolds & Partners Investigating Claims Related to His Termination from the Firm and SEC Investigation

By Erwin J. Shustak, Esq.  of Shustak Reynolds & Partners, P.C. posted on Friday, April 1, 2016.

RGT Wealth Advisors, a division of RGT Capital Management, Ltd., with offices in Irvine, California and Texas, terminated Stanley Sangwon Bae, along with Ash Narayan, two of its advisors working out of the Irvine, California office. Naryan was terminated February 17, 2016 and Bae on March 3rd. According to filings the firm made with federal authorities, as a result of an internal investigation by RGT, RGT disclosed to the United States Securities Exchange Commission information concerning certain conduct by Narayan and Bae. The SEC subsequently RGT letter requests for documents and information concerning both former advisers. Also according to RGT, a number of RGT clients who dealt with Bae and Narayan made “…certain investments” on their recommendations which lead to their termination from the firm. According to sources, Bae and Narayan were encouraging RGT clients to invest in one or more funds which may not have been approved investments of the firm and which may have been unsuitable for those clients. RGT is, according to its filed documents, “continuing to respond to follow up requests by the SEC”.

We are investigating possible actions against RGT for clients of that firm, particularly clients whose accounts were serviced by Stanley Sangwon Bae and Ash Narayan. We have reason to believe that Bae and Narayan, and possibly others at RGT working out of the firm Irvine, California office may have recommended inappropriate, unapproved investments to clients. We are happy to consult with RGT former and present clients to see if they have been victimized by Bae, Narayan or RGT.

Shustak Reynolds & Partners, P.C.  focuses its practice on the securities industry and matters affecting broker-dealers, registered representatives and the financial services sector. For more information, contact Erwin J. Shustak, managing partner, at [email protected], or call 800.496.5900 for a free consultation.

Share This Article linkedin