Have you lost money in an investment operated by Gary Snisky from Longmont, Colorado?

Gary Snisky operated a number of companies, including Colony Capital LLC, Colony Capital Holdings, Arete LLC, CMG Offering 12PO5i (or “CMG5”), CMG Offering 12PO10i (or “CMG10”), Summit Offering 12PO5i (“Summit5”) or Summit Offering 12PO10i (“Summit10”).  The Securities and Exchange Commission filed a complaint against Snisky, alleging that he raised nearly $4 million in these entities, that he fraudulently misrepresented the risks of these investments, and that he misappropriated funds from investors.  Snisky was also alleged to have used salespeople to get people to invest in these entities.  The U.S. Attorney in Colorado has also filed a criminal complaint against Snisky for this conduct.

We are investigating the sales practices of financial advisors David J. Burch of Colorado and Brenda Ridley of California, who have been alleged to have recommended that investors invest in Gary Snisky’s entities.  The Securities Commissioner of Colorado filed a complaint against Gary Snisky, David Burch, and Brenda Ridley, alleging that David Burch and Brenda Ridley did not disclose the material risks associated with an investment with Snisky’s entities.  The Securities Commissioner also alleges that David Burch and Brenda Ridley failed to disclose that investments in these entities were not properly registered to be sold to investors.

David Burch was a registered representative of J.P. Turner & Company from March 2009 to October 2009, and with Portfolio Brokerage Services, Inc. from August 2011 to October 2013.  Brenda Ridley was a registered representative of Allstate Financial Services from October 2008 to March 2010, and with Fortune Financial Services, Inc. from March 2012 to December 2012.

Broker-dealers have a responsibility to adequately supervise all representatives who are registered through their firm, including investments sold by their registered representatives.  When broker-dealers fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.

If you have lost money through David Burch or Brenda Ridley and want to hear about ALL legal options, please email us at aaron@acilaw.com or call us at 720-599-3505.