Colorado regulators sanction Woodbridge in securities case
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Colorado Securities Commissioner Gerald Rome has ordered the Woodbridge Funds to halt all violations of Colorado securities laws, including using unlicensed sales representatives to sell unregistered securities and making fraudulent statements and failing to disclose important information.

Six sales representatives were hit with similar orders and agreed to stop selling the Woodbridge investments and another representative gave up his license in an agreement with the division about the Woodbridge investments. Woodbridge was charged in a December lawsuit by the Securities and Exchange Commission with bilking more than 8,400 investors, many of them senior citizens promised annual returns of up to 10 percent, in a $1.22 billion Ponzi scheme that began in 2012.

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