Vasquez Global Investments and Edwin Vasquez Ordered to Stop Selling Securities

Vasquez Global Investments, LLC or VGI and Edwin A. Vasquez were ordered to stop engaging in the sale of securities, investments, or the business thereof and the like unless the securities are duly registered and unless they, including the entities under their control, are duly registered as securities dealers, as stated in a Cease and Desist Order issued by securities regulators. The regulators’ order was the result of an allegedly fraudulent securities offering by Vasquez.

 

VGI is a business entity registered in North Carolina while Vasquez transacts securities business through the former. Their principal business addresses are in North Carolina according to the records of the case.

 

Both VGI and Vasquez were named Respondents in an administrative petition filed by the North Carolina Securities Division that sought a cease and desist order against their sale of securities.

 

VGI and Vasquez, allegedly without being registered as securities dealers, were engaged in the sale of securities according to securities regulators. Using various methods, such as telephone calls and a website, they allegedly solicited investors to purchase investment interest from their enterprise, the proceeds of which were supposed to be used to trade in future contracts and commodities according to the Cease and Desist Order.

 

According to the Cease and Desist Order, VGI and Vasquez offered maturities from one to five years with variable payment options and interest rates ranging from single to double digit percentages.

 

VGI’s agents who contacted investors were required to make 100 calls per day. In some instances the prospective investor had no prior or substantive business relationship with VGI.

 

On May 8, 2013 VGI filed an exemption form describing the securities it was selling as “debt securities” and stating that no such securities had been sold as of the filing date this according to the findings of securities regulators.

 

On June 5, 2013, VGI allegedly filed an amended form indicating that it had already sold $3.55 Million of its debt securities and $46.45 Million were left to be sold. Vasquez allegedly signed both forms as President and CEO of VGI according to the case records.

 

Neither VGI nor Vasquez were registered securities dealers, according to the Order. Both were ordered to desist from further engaging in the securities business unless they have been registered as securities dealers and the securities registered as well.

 

The Peiffer Rosca securities attorneys often represent investors who lose money as a result of Ponzi schemes, investment fraud, or stockbroker misconduct. They are currently investigating the possibility of assisting victims with the recovery of their losses. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

 

Investors who believe they lost money as a result of investment fraud or misconduct may contact the securities lawyers at Peiffer Rosca, Alan Rosca or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 888-998-0520.

 

Alan Rosca (1247 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.