UNITED STATES SECURITIES AND EXCHANGE COMMISSION

SEC Admin Release 34-87035; IA Release 5359, September 20, 2019: The Securities and Exchange Commission ("Commission") deems it appropriate and in the public interest that public administrative proceedings be, and hereby are, instituted pursuant to Section 15(b) of the Securities Exchange Act of 1934 ("Exchange Act") and Section 203(f) of the Investment Advisers Act of 1940 ("Advisers Act") against Sonya D. Camarco. On April 9, 2019, a final judgment was entered against Camarco in Securities and Exchange Commission v. Sonya D. Camarco, et al., Civil Action Number 1:17-cv-2027, filed in the United States District Court for the District of Colorado, permanently enjoining her from violating federal securities laws, including violations of Section 10(b) of the Securities Exchange Act of 1934, Section 17(a) of the Securities Act of 1933, and Sections 206(1) and (2) of the Investment Advisers Act of 1940, as alleged in the Complaint, and ordering her to pay disgorgement in the amount of $1,526,927.83. The Commission's complaint alleged that Camarco, a registered investment adviser, stole over $2 million from her elderly clients and their families to fund an extravagantly lavish lifestyle. She spent the money on luxury trips to New Zealand and Hawaii, spent hundreds of thousands of dollars on art, horses, and high-end furnishings, and purchased multiple houses and vacation homes with investor funds. On May 14, 2018, Camarco pled guilty to felony counts of filing a false tax return, securities fraud, and theft in Colorado v. Sonya D. Camarco, Case No. 2017-CR-926, in the District Court for the County of Douglas, Colorado. She was sentenced to prison for two consecutive terms of 10 years each and was ordered to pay more than $1.7 million in restitution to the victims.

Order

Bar (Permanent)

Association with a broker, dealer, investment adviser, municipal securities dealer, municipal advisor, transfer agent, or NRSRO

Indefinite

12/12/2023

Participating in any offering of Penny Stock

Indefinite

12/12/2023

Customers allege misappropriation of funds.

$5,992,330.00

$4,200,000.00

Customers allege misappropriation of funds.

$1,001,166.73

$650,000.00

UPON LEARNING THAT HER FORMER LPL FINANCIAL ADVISOR HAD BEEN CHARGED WITH SECURITIES FRAUD AND THEFT, CUSTOMER REQUESTED REIMBURSEMENT OF FUNDS.

$19,436.43

$19,436.43

CUSTOMER'S ATTORNEY ALLEGES BREACH OF FIDUCIARY DUTY WITH RESPECT TO AN ELDERLY INDIVIDUAL, CONVERSION AND FRAUD.

$52,234.20

$34,805.85

UPON LEARNING HER FORMER LPL FINANCIAL ADVISOR HAD BEEN CHARGED WITH SECURITIES FRAUD AND THEFT, CUSTOMER REQUESTED REIMBURSEMENT OF FUNDS.

$12,664.75

CLIENT ALLEGES MISAPPROPRIATION OF FUNDS.

$459,029.51

TRUSTEE OF LIVING TRUST ALLEGES MISREPRESENTATION OF FUNDS.

$459,029.51

CUSTOMER ALLEGES UNSUITABILITY AND POOR PERFORMANCE.

Securities Fraud/Theft

Superseding indictment added twelve (12) charges to the indictment.

FELONY

Pled guilty

FINRA

Respondent Camarco failed to respond to FINRA request for information.

Letter

Bar (Permanent)

All Capacities

Indefinite

12/18/2017

Pursuant to FINRA Rule 9552(h) and in accordance with FINRA's Notice of Suspension and Suspension from Association letters dated September 13, 2017 and October 10, 2017 respectively, on December 18, 2017, Camarco is barred from association with any FINRA member in all capacities. Respondent failed to request termination of her suspension within three months of the date of the Notice of Suspension; therefore, she is automatically barred from association with any FINRA member in all capacities.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

The United States Securities and Exchange Commission, alleges that beginning in approximately 2004 and continuing through at least August 2017, Sonya D. Camarco ("Camarco"), an investment adviser and registered representative of a broker dealer, individually and using her wholly owned company Camarco Investments, Inc. ("Camarco Investments"), misappropriated over $2.8 million in investor funds from her clients and customers. Camarco used investor accounts to pay hundreds of thousands of dollars in credit card bills, took cash advances on investor accounts, transferred investor funds directly to her personal bank account, and funneled investor funds through Camarco Investments into her personal bank account. Among other things Camarco spent investor funds on the purchase of a house in the name of Camarco Living Trust and the payment of her personal home mortgage. Camarco is charged with violations of Sections 17(a)(1) and (3) of the Securities Act of 1933, and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5(a) and (c) thereunder, and Sections 206(1) and 206(2) of the Investment Advisers Act of 1940.

Judgment Rendered

Disgorgement

$1,526,927.83

Injunction

The Artwork and the Piano shall be sold for their fair market value and the proceeds of their sale are to be disgorged to the SEC; All amounts disgorged and returned to investors, other than $109,927.95, should be credited against Camarco's restitution obligation in the criminal case with the approval of the state court.

TRUSTEE OF LIVING TRUST ALLEGES MISAPPROPRIATION OF FUNDS AND FORGERY.

$237,500.00

LPL Financial LLC

Discharged

Registered Representative was terminated for depositing third party checks from client accounts into a bank account she controlled and accessing client funds for personal use.