The Teacher's Advocate

Share this post

Douglas Holt of TDS & The Lotter Group Finds New Broker/Dealer

403b.substack.com

Douglas Holt of TDS & The Lotter Group Finds New Broker/Dealer

Scott Dauenhauer, CFP
Feb 26, 2010
Share

Looks like Mr. Holt found a home, Lighthouse Capital Corporation.

I don't know much about this company other than they are small, though I did come across some weird connections on google, you can review and decide.

Securities and Exchange Commission v. Diversified Lending Group, Inc., et al., United States District Court for the Central District of California, Civil Action No. 2:09-cv-01533-R-JTL

Lighthouse was mentioned in this Dow Jones article as having some connections to Diversified Lending Group, though it is unclear if there are any regulatory issues stemming from this apparent scam.

This seems to me an interesting place for the Lotter Group and Holt to land (assuming the group went with him). The question becomes whether all that 457 money was bulk transferred from his previous broker/dealer to this new one.

Were the school districts affected notified of this? Seems like pertinent information to me.

Share
Comments
Top
New

No posts

Ready for more?

© 2023 Scott Dauenhauer, CFP
Privacy ∙ Terms ∙ Collection notice
Start WritingGet the app
Substack is the home for great writing