KEENE, N.H. (AP) - A New Hampshire man has pleaded guilty to conspiracy to commit investment adviser fraud and securities manipulation and has reached a $600,000 settlement with the state.
Prosecutors say Charles Howard III of Jaffrey and his wife, Carolyn Howard, operated as unlicensed investment advisers and broker dealers, trading investors' online accounts.
Prosecutors said Charles Howard, who was previously convicted in federal court in Massachusetts and New Hampshire in unrelated cases, didn't disclose that he was subject to a lifetime bar from the securities industry.
He awaits sentencing on a recommended seven-to-20-year sentence.
Carolyn Howard pleaded guilty to one misdemeanor count of acting as an unlicensed investment adviser and was sentenced to a year in jail, all deferred, conditioned on her cooperation with the state's ongoing investigation.