Regulatory Alerts2022-02-18
Added · Updated
Order to Cease and Desist, Order to Make Restitution, and Notice of Intent to Fine Against J.A.G. Capital, LLC and Joseph Richard Bozzi
The Banking Commissioner orders J.A.G. Capital, LLC and Joseph Richard Bozzi to cease and desist from violating the Connecticut Uniform Securities Act by offering unregistered securities, acting as an unregistered investment adviser, and engaging in fraudulent and dishonest practices. The Respondents are ordered to make restitution to at least seven Connecticut investors from whom they raised approximately $13,000, which was commingled with personal funds and diverted for personal expenses. The Commissioner intends to impose a fine not to exceed $100,000 per violation, with a notice of right to hearing provided to the Respondents.
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