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Broker sanctioned in medical capital securities offering

 Colorado Securities Commissioner Fred Joseph has revoked the securities license of John B. Guyette  for allegedly violating the securities registration provisions of the Colorado Securities Act in connection with the offer and sale of securities of Medical Capital Holdings.

Guyette entered a stipulation with DORA’s Division of Securities agreeing to the order.

Guyette allegedly offered and sold securities in the form of notes offered by Medical Provider Funding Corporation, a wholly owned subsidiary of Medical Capital Holdings, Inc., a medical receivables financing company.

The staff alleged that Guyette sold these to investors who did not have a pre-existing relationship with Guyette. The securities were offered and sold without proper registration.

"Our investigation into the offer and sale of Medical Capital securities by licensed stockbrokers is on-going," said Commissioner Joseph. "


 

Comments

  • Anonymous 3 years ago

    If you have suffered investment losses in Medical Capital, The White Law Group may be able to help. They are investigating potential claims against broker-dealers that solicited the investment in Medical Capital. You can check them out at http://www.whitesecuritieslaw.com.

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