{"id":78267,"date":"2021-05-19T00:17:04","date_gmt":"2021-05-19T04:17:04","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=78267"},"modified":"2021-05-18T23:48:22","modified_gmt":"2021-05-19T03:48:22","slug":"sec-charges-additional-unregistered-broker-who-sold-10-8-million-in-1-global-securities-to-investors","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2021\/sec-charges-additional-unregistered-broker-who-sold-10-8-million-in-1-global-securities-to-investors.html","title":{"rendered":"SEC Charges Additional Unregistered Broker Who Sold $10.8 Million in 1 Global Securities to Investors"},"content":{"rendered":"\n<p>(HedgeCo.Net) The Securities and Exchange Commission has announced charges against an additional individual in connection with its ongoing investigation related to <strong>1 Global Capital, LLC,<\/strong> a South Florida merchant cash advance company. The SEC previously charged <a href=\"https:\/\/www.sec.gov\/news\/press-release\/2018-171\">1 Global, its owner<\/a>, and others with operating a fraudulent scheme to misappropriate millions of dollars from at least 3,600 investors. The SEC also previously charged nine of 1 Global&#8217;s top <a href=\"https:\/\/www.sec.gov\/litigation\/litreleases\/2021\/lr25057.htm\">sales agents<\/a>, for various registration violations.<\/p>\n\n\n\n<p>The SEC&#8217;s complaint alleges that the defendant, <strong>Roy Y. Gagaza<\/strong>, one of 1 Global&#8217;s top sales agents, unlawfully <strong>sold more than $10.8 million <\/strong>of 1 Global&#8217;s unregistered securities to numerous investors. According to the complaint, Gagaza marketed 1 Global securities to investors as providing &#8220;peace of mind for some money in a volatile market&#8221; and claimed that the investments would achieve high single-digit or low double-digit annual returns. Gagaza earned approximately $403,000 in commissions on his sales, even though he was not registered as broker-dealer or associated with a registered broker-dealer.<\/p>\n\n\n\n<p>The SEC charged Gagaza with violations of 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. Gagaza consented, without admitting or denying the allegations, to an injunction, disgorgement of $157,993 with prejudgment interest of $16,640, and a $30,000 civil penalty.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>(HedgeCo.Net) The Securities and Exchange Commission has announced charges against an additional individual in connection with its ongoing investigation related to 1 Global Capital, LLC, a South Florida merchant cash advance company. The SEC previously charged 1 Global, its owner, [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,3,16048,16047],"tags":[],"class_list":["post-78267","post","type-post","status-publish","format-standard","hentry","category-hedgeco-networks-press-releases","category-hedgeco-news","category-hedgecovest-news","category-insider-trading-2"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/78267","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=78267"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/78267\/revisions"}],"predecessor-version":[{"id":78268,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/78267\/revisions\/78268"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=78267"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=78267"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=78267"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}