(HedgeCo.Net) The Securities and Exchange Commission today announced charges against Brook Church-Koegel, David H. Goldman, and Nicole J. Walker, three California-based internal sales agents for Woodbridge Group of Companies LLC, for illegally selling Woodbridge securities in unregistered transactions to retail investors in numerous states while acting as unregistered brokers.<\/p>\n
According to the SEC’s complaint, from approximately June 2014 to December 2017, Church-Koegel, Goldman, and Walker sold and assisted others in selling approximately $444 million in Woodbridge securities in unregistered transactions to thousands of predominantly elderly investors. The complaint alleges that Church-Koegel, Goldman, and Walker were among Woodbridge’s largest revenue-producing internal sales agents, and Church-Koegel and Goldman eventually became “team leaders,” who assisted sales agents throughout the United States. As alleged, the defendants reaped significant transaction-based compensation from these unlawful sales, with Church-Koegel and Goldman receiving more than $1 million each, and Walker receiving more than $750,000. The SEC’s complaint, filed in the Southern District of Florida, charges Church-Koegel, Goldman, and Walker with violating the securities registration provisions of Sections 5(a) and 5(c) of the Securities Act of 1933 and the broker-dealer registration provisions of Section 15(a)(1) of the Securities Exchange Act of 1934 and seeks disgorgement of ill-gotten gains, prejudgment interest, and civil penalties against each of them<\/p>\n","protected":false},"excerpt":{"rendered":"
(HedgeCo.Net) The Securities and Exchange Commission today announced charges against Brook Church-Koegel, David H. Goldman, and Nicole J. Walker, three California-based internal sales agents for Woodbridge Group of Companies LLC, for illegally selling Woodbridge securities in unregistered transactions to retail […]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,3,16048],"tags":[],"class_list":["post-73246","post","type-post","status-publish","format-standard","hentry","category-hedgeco-networks-press-releases","category-hedgeco-news","category-hedgecovest-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/73246","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=73246"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/73246\/revisions"}],"predecessor-version":[{"id":73247,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/73246\/revisions\/73247"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=73246"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=73246"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=73246"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}