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Richard Higgins of Stratham New Hampshire Sentenced for Securities Fraud

Richard Higgins of Stratham New Hampshire Sentenced for Securities Fraud

Richard Higgins of Stratham New Hampshire Sentenced for Securities Fraud 150 150 Rex Securities Law

August 10, 2015-New Hampshire

Richard M. Higgins, of Stratham, New Hampshire was sentenced in Merrimack County Superior Court to serve 5 to 14 years after pleading guilty to one felony count of engaging in a course of conduct involving a scheme to defraud in connection with the purchase and sale of securities and one felony count of operating a fraud in connection with acting as an investment advisor. Higgins was also ordered to pay over $624,000 in restitution to victims.

Higgins led investors to believe their funds would be placed in a brokerage account in the name of a limited partnership but were actually put into an account in the name of Higgins Capital Management which Higgins operated as his personal account.

Link to New Hampshire Department of Justice news release.

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