{"id":9680,"date":"2021-02-01T16:47:04","date_gmt":"2021-02-01T21:47:04","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=9680"},"modified":"2021-02-01T16:47:04","modified_gmt":"2021-02-01T21:47:04","slug":"sec-bars-bill-hightower-after-pleading-guilty-to-wire-fraud","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/sec-bars-bill-hightower-after-pleading-guilty-to-wire-fraud\/","title":{"rendered":"SEC Bars Bill Hightower After Pleading Guilty To Wire Fraud"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-9681 size-full\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/02\/Bill-Hightower.jpg\" alt=\"Bill Hightower (William Andrew \u201cBill\u201d Hightower CRD#: 2152369) is a former registered broker and investment advisor whose last known employer was Legacy Asset Securities, Inc. (CRD#:47644) of Houston, TX. His previous employers include UBS Financial Services Inc. (CRD#:8174) and RBC Dain Rauscher Inc. (CRD#:31194), also of Houston, and A. G. Edwards &amp; Sons, Inc. (CRD#:4), of St. Louis, MO. He has been in the industry since 1991.  The Securities &amp; Exchange Commission (SEC) found that Bill Hightower was, while employed for Legacy Asset Securities, also the CEO of Hightower Capital Group (HCG). HCG was his own private and unregistered company where he conducted business away from Legacy.  The SEC investigation found that Hightower transferred sums of money from two clients into HCG under the guise of \u201cinvestment.\u201d On 3\/14\/2015, Hightower transferred $800,000 into the HCG accounts. Then on 1\/14\/2015, he transferred $900,000 from a second client\u2019s account into HCG. Both transfers were used to pay previous \u201cinvestors\u201d in HCG, as well as for personal expenses.\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/02\/Bill-Hightower.jpg 300w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/02\/Bill-Hightower-180x120.jpg 180w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>Bill Hightower (William Andrew \u201cBill\u201d Hightower CRD#: <a href=\"https:\/\/brokercheck.finra.org\/individual\/summary\/2152369\" target=\"_blank\">2152369<\/a>) is a former registered broker and investment advisor whose last known employer was Legacy Asset Securities, Inc. (CRD#:47644) of Houston, TX. His previous employers include UBS Financial Services Inc. (CRD#:8174) and RBC Dain Rauscher Inc. (CRD#:31194), also of Houston, and A. G. Edwards &amp; Sons, Inc. (CRD#:4), of St. Louis, MO. He has been in the industry since 1991. <a href=\"https:\/\/www.silverlaw.com\/blog\/sec-bars-bill-hightower-after-pleading-guilty-to-wire-fraud\/#more-9680\" class=\"more-link\">Continue reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bill Hightower (William Andrew \u201cBill\u201d Hightower CRD#: 2152369) is a former registered broker and investment advisor whose last known employer was Legacy Asset Securities, Inc. (CRD#:47644) of Houston, TX. His previous employers include UBS Financial Services Inc. (CRD#:8174) and RBC Dain Rauscher Inc. (CRD#:31194), also of Houston, and A. G. Edwards &amp; Sons, Inc. (CRD#:4), [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[595,584],"tags":[],"class_list":["post-9680","post","type-post","status-publish","format-standard","hentry","category-investment-fraud","category-selling-away"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SEC Bars Bill Hightower After Pleading Guilty To Wire Fraud &#8212;<\/title>\n<meta name=\"description\" content=\"Bill Hightower is a former registered broker and investment advisor whose last known employer was Legacy Asset Securities of Houston, TX.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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