Below are sanctions taken against licensees. These actions include stipulation and consent orders and other orders from the commissioner or the courts.
October 14, 2024: Jekada Financial Group, LLC and Kevin Brady
- Restriction on licenses and respondents are required to retain a compliance consultant approved by the Division for two years. Staff alleged that respondents failed to correct deficiencies from a 2015 exam, and staff found additional deficiencies during a 2024 exam.
September 16, 2024: Celtic Consulting Services, LLC. DBA Celtic Consulting Services, Inc. and Joseph J. McCusker Sr.
- Sanction: Stipulated to withdrawal of licenses and not reapply in Colorado for two years. The staff alleged that Respondents violated a 2020 Order that required the Firm to correct deficiencies from its 2020 examination.
June 4, 2024: McGehee Wealth Management Inc.; James McGehee
- Sanction: Licenses revoked, and respondents are permanently barred from applying for a securities license in Colorado. Respondents admitted to engaging in investment adviser fraud by failing to disclose high-risk and unsuitable investment strategies involving options.
May 28, 2024: Vailshire Capital Management, LLC; Jeffrey Ross
- Sanction: Stipulated to a voluntary withdrawal of licenses. Staff alleged the Firm failed to disclose a high-risk investment strategy (cryptocurrency and inverse/leveraged ETFs) and collect adequate client suitability information.