Thread: Maverick Mark Teruya, Hawaii: WARNING

Quote:
On Friday, the SEC and Hawaii securities commissioner filed actions against a Honolulu man. It is alleged Mark Teruya and his investment firm fraudulently induced senior citizens to sign forms that were used to sell their securities holdings without their knowledge. Mr Teruya, 35, is alleged to have received commissions of about $2m.

U.S. SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 20272 / September 10, 2007

Securities and Exchange Commission v. Senior Resources Of Hawaii, Inc. and Mark K. Teruya, Civil Action No.CV 07 00467 HG LEK (Sept. 7, 2007 D. Hi.)

SEC Files Emergency Action to Halt Honolulu-Based Adviser From Defrauding Seniors

The Securities and Exchange Commission and announced the filing of a securities fraud action against a Honolulu-based investment adviser representative who targeted and defrauded members of the senior and retirement communities in Hawaii.


The SEC's emergency action in federal district court in Honolulu against Mark K. Teruya ("Teruya") , age 35, and his company, Senior Resources of Hawaii, Inc. ("Senior Resources") seeks to halt the defendants' fraudulent activities and deprive them of their ill-gotten gains. Teruya is a representative of an SEC-registered investment adviser, which was not named in either of today's action.


According to the SEC's complaint, since at least 2004 and continuing as recently as August 2007, Teruya, through Senior Resources, has on multiple occasions fraudulently induced clients to sign a series of pre-printed, fill-in-the-blank forms by misrepresenting the purpose of the forms, the reasons that they needed prospective clients' signatures on the forms, and the way in which they would use the forms. The complaint alleges that Teruya used the signed forms to sell the seniors' existing securities holdings without their knowledge or authorization. The complaint also alleges that Teruya, who is also a licensed insurance agent, then used the proceeds of the unauthorized sales to purchase equity-indexed annuities for which he received substantial, undisclosed commissions totaling about $2 million.


The complaint alleges that each month the defendants lured about 75 senior citizens, mostly retirees in their 60s, 70s, and 80s, to free breakfast and dinner seminars focusing on retirement financial planning. The complaint alleges that the defendants targeted seniors through advertisements in local newspapers, such as The Honolulu Advertiser and Honolulu Star-Bulletin, and direct mail invitations. The advertisements featured eye-catching headlines, such as "7 Seldom Heard, Significant Financial Opportunities [That] May Be Available to Many Retirees," and "10 Common Costly Financial Mistakes Hawaii Retirees May Make and Ways to Avoid Them."


As alleged in the complaint, defendants then offered seminar attendees free one-on-one consultations with Teruya, a self-proclaimed "certified retirement financial adviser." The complaint further alleges that, during these individual meetings, defendants fraudulently induced the seniors to sign the blank forms.


The SEC's complaint charges the defendants with violating the antifraud provisions of the federal securities laws, Section 17(a) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5, and Sections 206(1) and 206(2) of the Investment Advisers Act of 1940. The SEC also seeks preliminary and permanent injunctions, disgorgement of ill-gotten gains with prejudgment interest, and civil penalties.


Simultaneous with the filing of the SEC's complaint, the Hawaii Securities Commissioner issued a Preliminary Order to Cease and Desist and Notice of Right to Hearing against Teruya and Senior Resources seeking to revoke Teruya's state registration as an investment adviser representative. SEC enforcement staff joined forces with the State of Hawaii in taking action on this matter, sharing information and resources. SEC examination staff, acting on information provided by Hawaii securities regulators, inspected Teruya's office as part of a cooperative state, SRO, SEC examination sweep of financial services firms that sponsor "free lunch" investment seminars.

SEC Complaint in this matter

So this means he must really have a winning baccarat system, correct?

Yeah he just revised the mav.. and now calls it "The Madoff Way"..let me know when u secure a copy...LO frikin L..

Wow, how do you know its the same guy? I did a search and found over +10 Mark Teruya in Hawaii alone, with more in California. I thought that is where he is?

LuckoftheIrish:

I saw your extensive list of systems, quite impressive.

I've asked you this before, but I received no reply so I thought I would ask again.

With so many system you have, you must have something you prefer to play, what is it?

Did you develop your own, if so care to share?

With all those systems, what has consistently won the most? If none of them, what in your experience has?

Will you play a live shoe with me online so I can see if your way works?

If not, do you know anyone here that would?

Or is everyone here a scammer?

Originally Posted by bacguy

Wow, how do you know its the same guy? I did a search and found over +10 Mark Teruya in Hawaii alone, with more in California. I thought that is where he is?

The Mark Teruya of baccarat Maverick fame has his permanent residence in Hawaii.

There are two Mark Teruyas in Hawaii.

One is an ophthalmologist, and the other one is a ....

Originally Posted by LuckoftheIrish

So this means he must really have a winning baccarat system, correct?

A guy who has no problem stealing nest eggs from retirees, which typically desires the lowest risk possible - it makes total sense he now preys upon the gambling community, which eagerly accepts the highest risk possible.

Oh man ..makes me wanna puke...feeling duped by shills who body surfed mav marks grail has a hard core 10-30+unit per shoe win.Wonder how they feel now... if it's true ...His shills going so far to defend him while calling the curious crooks.... Appears Mav mark wouldn't have any ethical problems putting anybodys folks out on the street thru theft..Hope he enjoys the tossed salad...Somewhat elsie should be proud of to call friend...shower buddies..

March 23, 2010 Update

UNITED STATES OF AMERICA

Before the

SECURITIES AND EXCHANGE COMMISSION

INVESTMENT ADVISERS ACT OF 1940
Release No. 3007 / March 23, 2010
ADMINISTRATIVE PROCEEDING
File No. 3-13827

In the Matter of
MARK K. TERUYA,
Respondent.

ORDER INSTITUTING
ADMINISTRATIVE PROCEEDINGS
PURSUANT TO SECTION 203(f) OF THE
INVESTMENT ADVISERS ACT OF 1940,
MAKING FINDINGS, AND IMPOSING
REMEDIAL SANCTIONS

I.
The Securities and Exchange Commission (“Commission”) deems it appropriate and in the public interest that public administrative proceedings be, and hereby are, instituted pursuant to Section 203(f) of the Investment Advisers Act of 1940 (“Advisers Act”) against Mark K. Teruya
(“Respondent”).

II.
In anticipation of the institution of these proceedings, Respondent has submitted an Offer of Settlement (the “Offer”) which the Commission has determined to accept. Solely for the purpose of these proceedings and any other proceedings brought by or on behalf of the Commission, or to which the Commission is a party, and without admitting or denying the findings herein, except as to the Commission’s jurisdiction over him and the subject matter of these proceedings, and the findings contained in Section III.2 below, which are admitted, Respondent consents to the entry of this Order Instituting Administrative Proceedings Pursuant to Section
203(f) of the Investment Advisers Act of 1940, Making Findings, and Imposing Remedial Sanctions (“Order”), as set forth below.

III.
On the basis of this Order and Respondent’s Offer, the Commission finds that:

1. From November 2004 through September 2007, Teruya was a registered representative associated with USA Wealth Management, an investment adviser registered with the Commission. Teruya, 37 years old, is a resident of Honolulu, Hawaii.

2. On March 1, 2010, a final judgment was entered by consent against Teruya, permanently enjoining him from future violations of Section 17(a) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, and Sections
206(1) and 206(2) of the Advisers Act, in the civil action entitled Securities and Exchange Commission v. Senior Resources of Hawaii, Inc. and Mark K. Teruya, Civil Action Number CV-07-00467 HG (LEK), in the United States District Court for the District of Hawaii.

3. The Commission’s complaint alleged that Teruya fraudulently induced senior citizen clients and prospective clients to sign documents enabling him to liquidate their securities holdings by misrepresenting the purpose of the forms to the clients. Teruya would then use the forms to purchase insurance products and establish new investment accounts, without the clients’ authorization or knowledge, for which he would receive a commission or an advisory fee.

IV.
In view of the foregoing, the Commission deems it appropriate and in the public interest to impose the sanctions agreed to in Respondent Teruya’s Offer.

Accordingly, it is hereby ORDERED:

Pursuant to Section 203(f) of the Advisers Act, that Respondent Teruya be, and hereby is barred from association with any investment adviser;
Any reapplication for association by the Respondent will be subject to the applicable laws and regulations governing the reentry process, and reentry may be conditioned upon a number of factors, including, but not limited to, the satisfaction of any or all of the following: (a) any disgorgement ordered against the Respondent, whether or not the Commission has fully or partially waived payment of such disgorgement; (b) any arbitration award related to the conduct that served as the basis for the Commission order; (c) any self-regulatory organization arbitration award to a
customer, whether or not related to the conduct that served as the basis for the Commission order; and (d) any restitution order by a self-regulatory organization, whether or not related to the conduct that served as the basis for the Commission order.

By the Commission.

Elizabeth M. Murphy
Secretary

Originally Posted by IMS

March 23, 2010 Update

UNITED STATES OF AMERICA

Before the

SECURITIES AND EXCHANGE COMMISSION

INVESTMENT ADVISERS ACT OF 1940
Release No. 3007 / March 23, 2010
ADMINISTRATIVE PROCEEDING
File No. 3-13827

In the Matter of
MARK K. TERUYA,
Respondent.

ORDER INSTITUTING
ADMINISTRATIVE PROCEEDINGS
PURSUANT TO SECTION 203(f) OF THE
INVESTMENT ADVISERS ACT OF 1940,
MAKING FINDINGS, AND IMPOSING
REMEDIAL SANCTIONS

I.
The Securities and Exchange Commission (“Commission”) deems it appropriate and in the public interest that public administrative proceedings be, and hereby are, instituted pursuant to Section 203(f) of the Investment Advisers Act of 1940 (“Advisers Act”) against Mark K. Teruya
(“Respondent”).

II.
In anticipation of the institution of these proceedings, Respondent has submitted an Offer of Settlement (the “Offer”) which the Commission has determined to accept. Solely for the purpose of these proceedings and any other proceedings brought by or on behalf of the Commission, or to which the Commission is a party, and without admitting or denying the findings herein, except as to the Commission’s jurisdiction over him and the subject matter of these proceedings, and the findings contained in Section III.2 below, which are admitted, Respondent consents to the entry of this Order Instituting Administrative Proceedings Pursuant to Section
203(f) of the Investment Advisers Act of 1940, Making Findings, and Imposing Remedial Sanctions (“Order”), as set forth below.

III.
On the basis of this Order and Respondent’s Offer, the Commission finds that:

1. From November 2004 through September 2007, Teruya was a registered representative associated with USA Wealth Management, an investment adviser registered with the Commission. Teruya, 37 years old, is a resident of Honolulu, Hawaii.

2. On March 1, 2010, a final judgment was entered by consent against Teruya, permanently enjoining him from future violations of Section 17(a) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, and Sections
206(1) and 206(2) of the Advisers Act, in the civil action entitled Securities and Exchange Commission v. Senior Resources of Hawaii, Inc. and Mark K. Teruya, Civil Action Number CV-07-00467 HG (LEK), in the United States District Court for the District of Hawaii.

3. The Commission’s complaint alleged that Teruya fraudulently induced senior citizen clients and prospective clients to sign documents enabling him to liquidate their securities holdings by misrepresenting the purpose of the forms to the clients. Teruya would then use the forms to purchase insurance products and establish new investment accounts, without the clients’ authorization or knowledge, for which he would receive a commission or an advisory fee.

IV.
In view of the foregoing, the Commission deems it appropriate and in the public interest to impose the sanctions agreed to in Respondent Teruya’s Offer.

Accordingly, it is hereby ORDERED:

Pursuant to Section 203(f) of the Advisers Act, that Respondent Teruya be, and hereby is barred from association with any investment adviser;
Any reapplication for association by the Respondent will be subject to the applicable laws and regulations governing the reentry process, and reentry may be conditioned upon a number of factors, including, but not limited to, the satisfaction of any or all of the following: (a) any disgorgement ordered against the Respondent, whether or not the Commission has fully or partially waived payment of such disgorgement; (b) any arbitration award related to the conduct that served as the basis for the Commission order; (c) any self-regulatory organization arbitration award to a
customer, whether or not related to the conduct that served as the basis for the Commission order; and (d) any restitution order by a self-regulatory organization, whether or not related to the conduct that served as the basis for the Commission order.

By the Commission.

Elizabeth M. Murphy
Secretary

Well, Mark must have gotten wind of this very quickly. If it is NOT him I am sure he will make a post to clarify. If it is hiim he will likely keep mum.

A

Looks like "mun's the word" lol

Dak

Hey!!! Be sure you have the right Maverick!! Before you say this is the right guy! Mark lives in Nevada with his wife and Kids. His parents live in Hawaii and he visits there quite often. It could be him or another!! Be carefull as this now could become a legal problem for the owners of this site if he is the wrong guy of this crime and Have allowed these postings.

Originally Posted by tabitfast

Hey!!! Be sure you have the right Maverick!! Before you say this is the right guy! Mark lives in Nevada with his wife and Kids. His parents live in Hawaii and he visits there quite often. It could be him or another!! Be carefull as this now could become a legal problem for the owners of this site if he is the wrong guy of this crime and Have allowed these postings.

If it is not him he should say so. You know darn well he already is aware of these speculations.

There is no legal issue for this site.

A

Originally Posted by Archer

If it is not him he should say so. You know darn well he already is aware of these speculations.

There is no legal issue for this site.

A

Correct, these are public records.

If it's not the same Mark, he would have been here protesting and making all kinds of threats about (non-existant) slander.

What do we hear? Silence.

Or he just doesn't give a shit what you think.

Originally Posted by Dak

Correct, these are public records.

If it's not the same Mark, he would have been here protesting and making all kinds of threats about (non-existant) slander.

What do we hear? Silence.

Had he ever been to this forum before ?

If the answer is : NO , NEVER BEFORE.

How would he supposed to know someone slandering him for a felony coincidently having the same name record.

USE YOUR HEAD WISELY

Let me see if I understand what you are saying......

So, with all his shrills hypeing his system here, listing his website url, stating how much they win, and the ones asking the innocent probing questions about his system all cleverly designed to build all this hype to a big crescendo where all the suckers will shell out 1000.00 for the great opportunity to get his personel tutoring....

So, he's never been on this forum (bullshit), do you really think he knows nothing of what goes on here with all his cloneys reporting back so he can pursue his master marketing plan.....

and he doesn't know anything about what goes on here.

C'mon USE YOUR HEAD WISELY

What I don't understand is how come he didn't just change his name or use a fake name or something like that.

Empty barrel shrills louder

Newsflash!! MAVERICK WEATHER FORECAST...


It's gonna be SHRILLY for awhile!

Originally Posted by bohebolo

Empty barrel shrills louder

Originally Posted by Dak

Newsflash!! MAVERICK WEATHER FORECAST...
It's gonna be SHRILLY for awhile!

Today's English Lesson: It's "shill," not "shrill."

Usage: "A shill is never shrill, lest he blow his cover."

Originally Posted by vbangle

Or he just doesn't give a shit what you think.

Nah, when you get caught it is best just to keep silent and wait until things blow over.

Originally Posted by Archer

Nah, when you get caught it is best just to keep silent and wait until things blow over.

Never stopped old sillE from "flapping his wings". And he never "got off the ground" to begin with, lol.

NOT THE PLAYER'S fault... when it's the scammers' and/or casinos', for leading them on, and asking to be paid for it.

New Blackjack, Same Old Baloney: Review of E. Clifton Davis' NBJ and WCB Blackjack Systems