Christopher Slaga Keith Renko and his companies also go by this name. Q4 Capital, LLC Find out more by clicking on the following links: J4 Capital Advisors LLC The Securities and Exchange Commission filed a lawsuit. Slaga was accused of being involved in an investment scam and a serial criminal. Could history be repeating itself here?
According to an SEC investigation the accused promoted three private investment funds that he managed. Investors were misled into thinking that their money was going to be used for specific trading strategies. According to the SEC Slaga never created an investment fund or traded securities for the investors. According to him, he used most of the money he invested for his personal expenses. What was the purpose of this money?
Hayden F. Greene, A broker, who had never been registered, was also charged. This raises an important question: to what extent does this fraudulent scheme reach?
Slaga allegedly faked documents to cover his tracks and avoid the authorities. The documents made it look like investment funds were being audited every year by Big Four accountants, that they had brokerage accounts in a large firm, and that they were making money. SEC says that these statements are not true. This could be an example of smoke-and-mirrors.
Slaga was charged in a SEC lawsuit. Q4 Capital, LLC. J4 Capital Advisors LLC with violating the antifraud provisions of Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, and Section 17(a) of the Securities Act of 1933, along with the securities-registration provisions of Sections 5(a) and 5(c) of the Securities Act.
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Greene has been charged with violating Section 15 (a) Exchange Act provisions regarding broker registration by acting unregistered as a Broker. What could this mean for Greene’s future?
The SEC seeks permanent injunctions along with an officer and director’s ban (as it relates to Slaga), disgorgement and interest prejudgment as well as civil penalty (except Greene). Greene consented to a final judgement that addressed the SEC’s charges and relief. The court will have to approve this. Will Greene ever be able move on?
The investigation was led by the SEC’s Fort Worth Regional Office, with assistance from the United States Attorneys Office of the Central District of California and the Federal Bureau of Investigation. As this case unfolds, it serves as a powerful warning to investors about the importance of vigilance. If it sounds too good to be true, then it probably is.