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E*Trade to pay $3.5 million to Colo. investors

Colorado Securities Commissioner Fred Joseph reached a settlement with E*Trade Securities related to its sale of auction rate securities to Colorado investors. Under terms of the agreement, E*Trade will buy back $3.5 million worth of auction rate securities from Colorado investors who found themselves unable to sell securities after they had been froze. The settlement… Continue Reading E*Trade to pay $3.5 million to Colo. investors

A Greeley man has been sanctioned by the Division of Securities for violating state law and offering unregistered investments. Patrick A. Kelly placed advertisements on Craigslist asking investors for his start-up professional basketball team, called the Colorado Cougars. Kelly wanted help financing the team with the plan that the Cougars would join play in the… Continue Reading Colorado sanctions Greeley man for security violations

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A Texas man has been ordered to stop selling unregistered securities in Colorado. Brian Creamer and his company, Re-Cycles Motorsports, were ordered to stop selling securities by placing advertisements on the Internet under Craigslist’s Denver-area web site. In the ad, Creamer was seeking financing of $55,000 to $75,000 for his West Detroit, Texas, business. Creamer… Continue Reading Texas company ordered to stop selling securities

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Goldman Sachs agreed to buy back more than $5 million in auction rate securities from Colorado investors in a settlement with the Colorado Division of Securities. The settlement came after allegations that Goldman Sachs made misleading representation that auction rate securities were secure, liquid securities that were a suitable alternative for cash management purposes. The… Continue Reading Goldman Sachs pays back $5 million in securities case

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Colorado Securities Commissioner Fred Joseph filed a final cease and desist order against Irvine, Calif.-based green-energy investment firm Green Warrior, LLC. Joseph believes the company is violating the securities registration and anti-fraud provisions of the Colorado Securities Act. He said investors should be wary of new energy-efficient and green technology investments, and to contact his office… Continue Reading Colo. Securities Commissioner battles Calif. investment firm

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Christopher Yates and his company, CM Yates Inc., received a final “cease and desist” order from the Colorado Securities Commissioner for violating the securities registration provisions of Colorado law. Commissioner Fred Joseph said Yates offered securities to Colorado investors by advertising on the internet and through mass e-mailing. Yates sought Colorado investors for investment property… Continue Reading Securities division issues cease order to Colorado man

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State, Ameritrade reach settlement

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The Colorado Division of Securities has reached a $2.9 million settlement with TD Ameritrade. Under the agreement, Ameritrade will buy back $2.9 million worth of auction rate securities from retail Colorado investors who found themselves unable to sell their securities after they’d been frozen in the auction rate securities market. The settlement – the tenth… Continue Reading State, Ameritrade reach settlement

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Securities commissioner cites American Imaging

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A Colorado company received a final cease and desist order from the Colorado Securities Division for violating the securities registration provisions of Colorado law. American Imaging Solution and John C. Walshe, both of Denver, were named in the order, which claims that he sought investors to expand the company by placing an ad in the… Continue Reading Securities commissioner cites American Imaging

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A Texas oil and gas company has allegedly violated Colorado’s anti-fraud and registration securities law. Securities Commissioner Fred Joseph filed a complaint against Sethi Oil and Gas and two individuals, Sameer P. Sethi and Travis Burt, all from Plano,Texas. The commissioner said the company engaged in a “persistent pattern of fraudulently offering to sell unregistered… Continue Reading Commissioner files complaint against Texas oil company

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