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Last updated - May 16, 2026
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Allan J. Boomer is a U.S. investment adviser and former managing partner of Momentum Advisors, with experience in wealth management and private fund operations. In 2025, the SEC charged Boomer and the firm over alleged fiduciary breaches tied to misuse of fund and portfolio company assets, including supervisory failures and improper expense allocations.
Managing Partner and Chief Investment Officer
Medium Risk
Based on the available data, we suggest consumers approach this Individual with caution.
This advisory is based on a medium-risk score derived from OSINT, Adverse Media, Reviews, and Risk Factors identified in our research.
You may face moderate risks when engaging in consumer-related activities with this entity.
Based on the available data, we advise employees to be mindful when considering or continuing work with this Individual.
This advisory stems from a medium-risk score compiled from OSINT, Adverse Media, Reviews, and Risk Factors uncovered in our analysis.
Employment with this entity may involve moderate risks.
High Risk
Based on the available data, we urge investors and bankers to avoid financial involvement with this Individual.
This advisory is informed by an aggregate risk score based on OSINT, Adverse Media, Reviews, and Risk Factors identified through our investigation.
Engaging in investment or lending activities with this entity poses a substantial risk to your financial interests.
Safe to Onboard
Enhanced Due Diligence required
Do Not Onboard
Monitor adverse media every 6 months
File SAR (Suspicious Activity Report) is warranted
Escalation to compliance committee
None
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Allan J. Boomer was named in a 2025 SEC enforcement action involving alleged misuse of private fund and portfolio company assets. Regulators also cited alleged fiduciary-duty and compliance oversight failures connected to Momentum Advisors.
The SEC alleged that certain expenses were improperly allocated and that fund assets were used inappropriately. Such allegations can raise concerns about internal controls, transparency, and governance practices.
Yes. Public enforcement actions involving fiduciary-duty allegations and compliance failures can create reputational risks for advisory firms and senior executives, particularly in the wealth management sector.
The matter involved a civil regulatory action by the SEC rather than criminal prosecution. However, regulatory penalties and settlements may still be viewed negatively by investors and financial counterparties.
Institutional and private investors commonly assess regulatory history, supervisory controls, and governance standards before engaging with investment advisers. Allegations involving misuse of assets or compliance deficiencies can increase perceived operational and reputational risk.
Regulatory and Compliance Screening
Litigation and Legal Proceedings
Reputational and Adverse Media Risks
Geographic and Jurisdictional Risk
What you see here scratches the surface
We offer reward for actionable intel
SEC charged Allan J. Boomer over fiduciary breaches and misuse of private fund assets.
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Article details SEC allegations that Allan J. Boomer breached fiduciary duties and misused fund assets.
Article reports SEC penalties against Allan J. Boomer over fiduciary failures and fund misuse.
Other Red-Flags and Adverse News
Based on user engagement on this review profile, ProConsumer will decide to publish its Risk Audit report for public if a threshold engagement, traffic and user input is achieved.
Known Assets: [Real estate, investments, companies]
Suspicious Transactions
Liabilities: [Bankruptcies, defaults, debts]
Wealth Sources: [Legitimate / Unclear / High-risk]
Bank Relationships
Ultimate Beneficial Owner(s) (UBOs)
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Business Model Assessment
All comments are user-generated content and may not be verified. They represent the personal opinions of the public and should not be relied upon. These comments do not influence or determine our overall rating.
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Highly experienced
Well-recognized name
Faced allegations of scamming others
Allegedly sold fake silver
Sued multiple times
Unregulated industry
Alarming number of complaints online
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