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Affirmative Civil Enforcement Practice Group

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NJ Broker Loses Registration, Fined $150G For Going Rogue With Hudson Valley Tequila Startup NJ Broker Loses Registration, Fined $150G For Going Rogue With Hudson Valley Tequila Startup
NJ Broker Loses Registration, Fined $150G For Going Rogue With Hudson Valley Tequila Startup A former New Jersey broker-dealer agent from Rockland County had his registration revoked and was fined $150,000 for steering clients to a Hudson Valley tequila startup whose founder went to federal prison. Michael W. Mandel of Suffern sold the securities in the form of ownership interests in "6 Degree Tequila" via unauthorized private transactions, state Attorney General Matthew J. Platkin said.  Records show Mandel was working at the time as an agent and investment adviser representative for two New Jersey broker-dealers -- Royal Alliance Associates in Old Tappan and, later, LPL Fina…

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by Jerry DeMarco
News
State Asks Judge To Stop Purported Animal Charity Run By Wyckoff Woman That Raised Millions State Asks Judge To Stop Purported Animal Charity Run By Wyckoff Woman That Raised Millions
State Asks Judge To Stop Purported Animal Charity Run By Wyckoff Woman That Raised Millions A Wyckoff woman raised millions of dollars by falsely claiming an organization she founded that places rescue dogs as service animals is a charity, said state authorities who’ve gone to court to shut her down. Janice Wolfe has “unlawfully raised millions of dollars since 2008 without registering Merlin’s Kids as a charitable organization,” state Attorney General Gurbir S. Grewal said Friday. Wolfe’s fundraising included “false and misleading claims” about the services provided by both Merlin’s Kids and an affiliated for-profit company, United K9 Professional Inc., he said. Meanwhile, tens …

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by Jerry DeMarco