The Arizona Corporation Commission is seeking investors who may have had dealings with Howard M. Price III, following a temporary cease and desist order issued against the Scottsdale resident.
The Corporation Commission’s Securities Division issued a temporary cease and desist order against Howard M. Price III on November 22, 2017, claiming he and his affiliated company provided fraudulent investment advisory services.
From January 2013 until at least November 2017, Price and his company, Howard Price Wealth Management, LLC, are accused of acting in the capacity of an investment adviser or investment adviser representative by providing investment advisory services to at least three Arizona residents.
The Commission’s Securities Division maintains Price was not registered to sell securities in Arizona when he and his company offered and sold unregistered securities to at least one Arizona investor. The Securities Division alleges Price and his company made materially false and misleading statements and omissions. Price and his company are also alleged to have issued fraudulent investment reports to at least one investor and used investment funds for Price’s personal expenses. Price has not been registered to sell securities or licensed to provide investment advice in Arizona, or any other state, since July 20, 2012.
Price is entitled to an administrative hearing to answer to the charges made by the Commission’s Securities Division. The Commission urges other investors who have dealt with Price and his company to contact Securities Division investigators directly at 602-542-0662 or securitiesdiv@azcc.gov.