SEC Bars Steele Financial From Securities Industry

The U.S. Securities and Exchange Commission barred Steele Financial Inc. from the securities industry as the District Court for the Southern District of Indiana entered a final judgment against the investment advisory firm, and its sole owner, Tamara Steele.

• The final judgment on May 20 permanently enjoins Steele and Steele Financial from violating the antifraud provisions of the Investment Advisers Act of 1940, the Securities Act of 1933, and the Securities Exchange Act of 1934 and Rule 10b-5 thereunder
• The judgment also orders Steele to disgorge $845,760, which will be deemed satisfied by her return of 1,358,160 shares of ...