Securities Fraud Lawyer Blog
CA Dept. of Business Oversight files action against Artec Global Media and Caleb Wickman
The securities attorneys at The Law Office of David Liebrader have opened an investigation into the investment activity of Artec Global Media and Caleb Wickman, who are the subject of a regulatory filing (Desist and Refrain Order) issued in July, 2019.
The pending regulatory filling that gives rise to this investigation is the CA Department of Business Oversight’s Desist and Refrain Order against Artec Global Media and Caleb Wickman dated July 19, 2019 whereby the Commissioner of the Department determined that Artec Global Media and Caleb Wickman offered and sold unqualified securities to investors by means of a general solicitation, selling securities to members of the public with whom they did not have a substantive, pre-existing relationship.
In addition, the Desist and Refrain Order also stated that Artec and Wickman failed to disclose to investors that Wickman had stipulated to a permanent injunction and final judgment in an action filed by the FTC for a violation of the federal “Controlling the Assault of Non Solicited Pornographic and Marketing Act of 2003”. In the opinion of the Commissioner, these failures to disclose were material omissions of fact, and a violation of the California Securities Laws of 1968.
Based on these facts the California Commissioner stated that Artec Global Media and Caleb Wickman sold securities in violation of Corporations Code section 25401 and 25403 (control person liability), and ordered them to cease and desist.
If you are the victim of investment fraud, purchased unqualified securities or have had your account over concentrated in illiquid private placements please call The Law Office of David Liebrader at (702) 380-3131 for a free, confidential consultation to discuss your legal rights and options. Our firm takes cases on a straight contingency fee, with no money up front, and no money owed unless there is a recovery.
There is no charge for the initial consultation, so call (702) 380-3131 today to speak with an experienced securities attorney who will fight to recover your losses.
The Law Office of David Liebrader practices exclusively in the field of investment loss recovery. For the past 23 years, we have dedicated our law practice to assisting investors who have been victims of investment fraud via fraudulent and unsuitable investment transactions. During that time we have recovered money for over one thousand individuals, pension plans, trusts and companies. The recoveries we have obtained via judgments, awards and settlements on behalf of our clients exceed $40,000,000.