Huntington Beach Advisor Accused Of Gross Inflation Of AUM Hot

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Charles Hanlon of Delta Global Advisors reportedly inflated the firm's AUM to as much as $1.49 billion between 2007 and 2008 when he was actually advising under $25 million. 


With that little on the books, the SEC suspected that the firm was actually in fairly "precarious" condition, but, the agency claims, Hanlon didn't warn his clients.


The firm has already been slapped with over $600,000 in fines in the last year for breach of fiduciary duty, slander, and fraud.


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