Massachusetts regulators accuse Javelin Securities of multiple securities violations between 2020 and 2024. This includes: (1) failing to make proper disclosures in connection with sale of private securities; (2) employing and failing to adequately supervise an individual barred from the securities industry; and (3) failing to maintain proper books and records.
During the time identified above, Javelin used OZCM’s website (OzoneCapMarkets.com) to sell private placement securities. OZCM listed information concerning private placement and Opportunity Zone deals, including initially certain deals with no relationship to Javelin and then later deals connected to Javelin. The website indicated that it was an “independent consultant.” The site, however, was related to Javelin and served to increase Javelin’s commissions.
Javelin also hired a person barred from the industry to consult OZCM. Regulators previously convicted this person on numerous conspiracy and fraud charges. Javelin hired this person to consult on OZCM matters shortly after authorities released the person from prison, per the regulatory complaint.
Jeffrey Pederson represents investors. Contact him with questions about this or other areas of investor protection.
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