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Denver — September 19, 2025 — The Examination Staff (the “Staff”) of the Colorado Division of Securities is aware that some state licensed investment advisers (“advisers”) are using an online third-party platform (“platform”) to access and manage clients’ held-away accounts by having clients share their unique login credentials – username and password of their custodial account - with the…
Denver — September 16, 2025 — Denver District Court Judge Heidi L. Kutcher ruled in favor of Colorado Securities Commissioner Tung Chan and found that Eligio Jr. (Eli) and Kaitlyn Regalado of Denver, and INDXcoin LLC committed securities fraud in violation of the Colorado Securities Act.The decision, issued on September 12, 2025, follows a three-day bench trial held May 5-8, 2025. Judge Kutcher…
Denver — September 15, 2025 — Michael Graham was indicted on two counts of securities fraud by a grand jury on August 15, 2025.Graham allegedly solicited around $1.1 million from investors in his private fund, Gravitas Qualified Opportunity Zone Fund I LLC (Gravitas). This fund was dedicated to long-term property investments in economically distressed communities, according to Graham.The…

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