Commonwealth v. Perry

OPINION BY

FORD ELLIOTT, J.:

¶ 1 Allen J. Perry appeals from the judgment of sentence of April 27, 2004, after pleading nolo contendere to violating the Pennsylvania Securities Act of 1972, 70 P.S. § 1-101 et seq. We affirm.

¶ 2 According to the record, appellant sold unregistered securities to unsuspecting investors. Appellant placed ads in newspapers touting certificates of deposit (CDs) at favorable rates. When potential customers, most of them elderly and looking for a safe investment, came into his office, appellant would steer them toward the securities in a “bait-and-switch” tactic.…