Gustavo Dolfino, Silver Leaf Partners Advisor Barred by the SEC
The Securities and Exchange Commission has reportedly settled charges with financial advisor Gustavo Dolfino on October 15th, 2024 in connection with alleged “material misrepresentations Dolfino made to actual and prospective investors in Student Global, LLC, an education-tech start-up.”
According to a litigation release, Dolfino was reportedly the founder and Chief Executive Officer of Student Global. Between 2016 and 2022, Dolfino purportedly raised approximately $20.6 million dollars from investors by allegedly selling them membership interests in Student Global.
Gustavo Dolfino – Material Misrepresentations
Dolfino allegedly made material misrepresentations to investors concerning his prior entrepreneurial success, his own investment in Student Global, and his net worth. Specifically, Dolfino purportedly lied and “told investors that he had sold an internet-based pharmaceutical company, founded and sold a hedge fund, personally invested millions of dollars in Student Global, and that he was worth hundreds of millions of dollars. None of this was true,” according to the SEC.
Without admitting or denying the SEC’s findings, Dolfino reportedly consented to cease-and-desist from further violations of these provisions and agreed to pay disgorgement of $5,110,500, prejudgment interest of $646,377, and a civil penalty of $500,000. Dolfino also reportedly consented to industry and officer and director bars.
“Worthless” Investment: Student Global LLC
The advisor reportedly dissolved Student Global in November 2023 after it ran out of money to finance its operations. Student Global’s investors reportedly never received any distribution or other return on their investment, and Student Global’s membership interests are now reportedly “worthless”. As a result of his conduct, Dolfino allegedly willfully violated Section 17(a) of the Securities Act, and Section 10(b) of the Exchange Act and Rule 10b-5 thereunder, according to the charges.
FINRA BrokerCheck – Gustavo Dolfino
The FINRA BrokerCheck tool is a free online tool that allows investors to research and verify the background and credentials of financial brokers, brokerage firms, and investment advisors registered with FINRA. According to his broker report, Dolphino was reportedly registered with the following firms during his career, among others.
03/12/2014 – 02/20/2024 SILVER LEAF PARTNERS, LLC (CRD#:126694)
NEW YORK, NY
10/07/2005 – 11/03/2005 POINTE CAPITAL, LLC (CRD#:112097) TAMPA, FL
Regulation Best Interest
Under the “Regulation Best Interest” standard, broker-dealers are required to conduct thorough due diligence before recommending investments. If a financial advisor fails to meet this obligation before making a recommendation, they may be held accountable for any resulting investment losses.
If you have suffered investment losses due to an unsuitable investment recommendation, the securities fraud attorneys at The White Law Group may be able to assist. You could potentially recover your losses by filing a FINRA arbitration claim against the brokerage firm responsible for selling the investment.
Free Consultation with National Securities Attorneys
If you have suffered investment losses with Gustavo Dolfino, the securities attorneys at the White Law Group may be able to help you. For a free consultation with a securities attorney, please call (888) 637-5510.
About The White Law Group
The White Law Group, LLC is a national law firm in securities fraud, securities arbitration, investor protection, and securities regulation and compliance. With offices in Chicago, IL and Seattle, WA, the firm is dedicated to assisting investors across all 50 states with claims against their brokerage firms. Since its founding in 2010, The White Law Group has handled over 800 FINRA arbitration cases.
With more than 35 years of experience in securities law, The White Law Group has the knowledge and expertise to help investors recover losses resulting from securities fraud.
Last modified: November 27, 2024
