Denver – February 12, 2026 – In a stipulated agreement with the Colorado Securities Commissioner, Eric Gemelli and his company Market4Caster, LLC, of Golden, Colorado, admitted to unlicensed sales of millions of dollars of securities in violation
of the Colorado Securities Act.
Denver District Court Judge Christopher Jay Baumann accepted the stipulation and ordered Gemelli and Market4Caster, LLC, barred from any offering or sale of securities in Colorado or to any Colorado resident for 10 years. Both are also prohibited from acting as investment advisers or representatives in Colorado for 10 years.
On November 6, 2024, Colorado Securities Commissioner Tung Chan filed a civil complaint against Market4Caster, LLC and Gemelli alleging that the defendants were unlicensed and sold over $3 million of unregistered investments in penny stocks and
interests in mining operations. Gemelli allegedly targeted friends, students and women he met through dating apps.
The complaint also alleged Gemelli failed to disclose that he earned inordinately high commissions and that the State of California had issued two cease and desist orders against him for violating securities laws in that state.
The settlement, wherein Mr. Gemelli admitted to earning $1 million in commissions and compensation which he dissipated, was reached weeks before the scheduled trial.
“Mr. Gemelli is not welcome to sell securities in Colorado for the next decade. Any violations of this order will be pursued to the fullest extent of the law,” said Commissioner Chan.
The Division encourages consumers to verify the background of anyone offering securities by doing an internet search and also visiting Investor.Gov. To verify that an investment is registered, visit the U.S. Securities and Exchange Commission’s EDGAR database.
If you or someone you know has been involved in an investment scam, contact the Division of Securities at Dora_SecuritiesWebsite@state.co.us or call 303-894-2320.