Brandon Long Denver: A Fraudster? (2024)

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Denver asserts himself as a career entrepreneur who develops company marketing businesses’ strategic growth and leadership. From Grass Valley, California, he moved to Denver, Colorado, where he launched his first firm in 2014.

Brandon Long Denver serves clients in site leadership, business, and personal growth, customer retention, market research, and growth.

Brandon Long, Denver managed multiple clients and mentored others in business methods from his new residence in Denver, Colorado, before engaging with NGOs in 2019.

Brandon Long Denver consults businesses and customers. Known for seeking personal adrenaline rushes. Skiing, mountain biking, and rock climbing are his favorites on the Front Range of the Colorado Rocky Mountains. 

The SEC barred former LPL Financial broker Brandon Long Denver

Four former Atlanta-based brokers are accused by the Securities and Exchange Commission (SEC) of misleading federal employees into moving money from their Thrift Savings Plan (TSP) retirement accounts into variable annuity contracts that have higher fees.

The SEC brought this enforcement action about as a result of stepping up its scrutiny of brokers’ dealings with senior investors and those making retirement investments under the ReTIRE project and the Broker-Dealer Task Force.

The brokers targeted retiring federal employees and convinced them to invest substantial amounts in the TSP, according to the SEC’s complaint, by using Federal Employee Benefits Counselors. But they also purportedly misrepresented an association or support from the federal government, and they lied to clients about important information about the suggested variable annuity investments, including expenses and guaranteed returns.

The investment was allegedly a privately issued variable annuity unrelated to the TSP, which was obscured by the brokers’ allegedly inadequate or altered transaction paperwork and materials. According to reports, 200 variable annuities totaling over $40 million were bought by federal employees. The money for the annuities was moved from their TSP accounts. These deals generated commissions for the brokers for around $1.7 million.

(Source)

The brokers targeted government employees 59 1/2 years of age and older, hiding important information to maximize their commissions. Aaron W. Lipson, Associate Director of the SEC’s Atlanta Regional Office, pointed out that in some materials distributed to TSP account holders, the term “variable annuity” was omitted.

The TSP never asks for sensitive personal information from federal employees and does not permit outside parties to provide counseling or services connected to investments, the SEC warned.

Investors should use care when approached by investment possibilities that purport to be affiliated with the federal government, according to Lori Schock, Director of the SEC’s Office of Investor Education and Advocacy.

Allegations of breaking securities laws are made against Federal Employee Benefits Counselors and the four former brokers, Danny S. Hood, Brandon Long Denver, Christopher S. Laws, and Jonathan D. Cooke. Permanent injunctions, profit disgorgement, interest, and fines are sought by the SEC.

Under the direction of Andrew M. Calamari and Antonia Chion, the SEC office in Atlanta will handle the case and the investigation.

Conclusion

In conclusion, the Securities and Exchange Commission’s (SEC) grave accusations are highlighted by the case involving Brandon Long Denver and three other former brokers. A serious betrayal of confidence that could jeopardize investors’ financial security is the charge that federal employees were misled into moving money from their Thrift Savings Plan (TSP) retirement accounts into variable annuity contracts with higher fees.

The SEC’s commitment to safeguarding vulnerable investors is demonstrated by its increased examination of brokers’ dealings with senior investors and those getting ready for retirement through programs like ReTIRE and the Broker-Dealer Task Force.

For the federal personnel who were impacted, the brokers’ purported acts, which included lying about their affiliation with the government and hiding important information about the investments, had serious financial repercussions.

The SEC’s cautionary advice to investors regarding investment possibilities purporting to be affiliated with the federal government emphasizes the significance of conducting due diligence and maintaining a skeptical mindset when making financial decisions.

The SEC is pursuing remedies like permanent injunctions, disgorgement of gains, interest, and fines to hold the brokers and Federal Employee Benefits Counselors accountable for any alleged violations of securities laws as the investigation moves forward.

The SEC’s Atlanta office will continue to manage this case under the direction of Andrew M. Calamari and Antonia Chion, making sure that investors’ interests are safeguarded and justice is done.

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