SEC Files Complaint Against Bradley Holts

Soreide Law Group is investigating possible investor claims against securities broker Bradley Morgan Holts (also known as Brad Holts) (CRD: 5819398, Denver, Colorado). Particularly, SEC filed a Complaint against the securities broker, who worked for World Capital Brokerage Inc. Allegedly, Holts misappropriated funds. Here is a brief summary of SEC’s allegations against Holts.

SEC Charges Holts With Misappropriation

Evidently, on February 27, 2023, SEC initiated Complaint No. 1:23-cv-00081 against Bradley Holts. Particularly, SEC alleged that Holts misappropriated funds.

Notably, SEC claims that Bradley Holts took $186,382 from three elderly investors. Supposedly, Holts lied to these investors, promising to invest their money in mutual funds from Invesco. Instead, he allegedly used the money for personal expenses such as clothes, tanning salons, adult and dating websites, and a divorce lawyer. Also, SEC alleges that three investors were never repaid. According to the Complaint, Holts allegedly violated the anti-fraud laws stated in Section 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934, along with Rule 10b-5.

Bradley Holts Barred By FINRA For Failure To Respond To FINRA

Evidently, on November 1, 2021, FINRA issued Letter No. 2021071760601 sanctioning Bradley Holts for infractions. Specifically, Holts was barred, which precludes working for a FINRA-member securities firm in any role. Particularly, FINRA alleged that Holts failed to respond to FINRA’s request for information.

According to the rule 9552(h) of FINRA and following the letters from FINRA notifying the suspension on July 28, 2021, and August 23, 2021, respectively, Holts cannot associate with any FINRA member in any role as of November 1, 2021.

Supposedly, Holts did not request to end the suspension within three months of receiving the notice, which resulted in an automatic prohibition from being associated with any FINRA member in any capacity.

World Capital Brokerage Inc. Disaffiliates With Holts

Evidently, on July 15, 2021, World Capital Brokerage Inc. disaffiliated with Holts. Particularly, World Capital Brokerage Inc. alleged that Holts failed to respond to requests for information relating to a regulatory matter.

Holts Employment Information

• Holts worked for World Capital Brokerage Inc. in Denver, Colorado, as a securities broker from October 9, 2020, to July 15, 2021.
  
• Holts worked for Supreme Alliance LLC in Charlotte, North Carolina, as a securities broker from March 4, 2020, to October 8, 2020.

Damages Resulting From World Capital Brokerage Inc. Securities Broker Bradley Holts?

Did you suffer damages by investing with Bradley Holts? If so, reach out to Soreide Law Group at (888) 760-6552 and speak with a securities lawyer about a possible recovery of your losses. Soreide Law Group, who has effectively recovered money for hundreds of investors across the United States, represents clients on a contingency fee basis and advances all costs. Holts and brokerage firms Holts worked for deny any allegations of sales practice violations.