Please do not leave this page until complete. This can take a few moments.
A Danbury stock broker who last month pleaded guilty to defrauding clients -- some of them fellow churchgoers -- out of at least $600,000 has been barred from the securities industry, authorities say.
The U.S. Securities and Exchange Commission announced Thursday that Stephen B. Blankenship is no longer licensed to buy, sell or trade securities on customers' behalf, or any company or organization engaged in offering financial advice or services.
According to the SEC, Blankenship,63, pleaded guilty Sept. 12 to two criminal counts in connection with the alleged scheme involving his Danbury firm, Deer Hill Financial Group. His sentencing is set for Dec. 5.
Authorities say Blankenship used much of the proceeds stolen from about a dozen victims, including retirees he met at church, to pay his mortgage and other personal and business expenses.
Meantime, authorities say the Connecticut Banking Department's Securities Division has revoked licenses for both to do business in the state.
According to investigators, starting around 2002 Blankenship began persuading customers to withdraw money from brokerage accounts he managed at other securities firms and invest directly with him.
Blankenship could not be immediately reached Thursday for comment.
A phone listing for Deer Hill Financial was disconnected.
This special edition informs and connects businesses with nonprofit organizations that are aligned with what they care about. Each nonprofit profile provides a crisp snapshot of the organization’s mission, goals, area of service, giving and volunteer opportunities and board leadership.
Learn moreHartford Business Journal provides the top coverage of news, trends, data, politics and personalities of the area’s business community. Get the news and information you need from the award-winning writers at HBJ. Don’t miss out - subscribe today.
SubscribeDelivering Vital Marketplace Content and Context to Senior Decision Makers Throughout Greater Hartford and the State ... All Year Long!
Read HereThis special edition informs and connects businesses with nonprofit organizations that are aligned with what they care about. Each nonprofit profile provides a crisp snapshot of the organization’s mission, goals, area of service, giving and volunteer opportunities and board leadership.
Hartford Business Journal provides the top coverage of news, trends, data, politics and personalities of the area’s business community. Get the news and information you need from the award-winning writers at HBJ. Don’t miss out - subscribe today.
Delivering Vital Marketplace Content and Context to Senior Decision Makers Throughout Greater Hartford and the State ... All Year Long!
In order to use this feature, we need some information from you. You can also login or register for a free account.
By clicking submit you are agreeing to our cookie usage and Privacy Policy
Already have an account? Login
Already have an account? Login
Want to create an account? Register
In order to use this feature, we need some information from you. You can also login or register for a free account.
By clicking submit you are agreeing to our cookie usage and Privacy Policy
Already have an account? Login
Already have an account? Login
Want to create an account? Register
This website uses cookies to ensure you get the best experience on our website. Our privacy policy
To ensure the best experience on our website, articles cannot be read without allowing cookies. Please allow cookies to continue reading. Our privacy policy
0 Comments