GATEKEEPER USA

In the Matter of Howard Richards, Admin. Proc. File No. 3-16877, and In the Matter of James Goodland, et al., Admin. Proc. File No. 3-16878... According to the Orders, From January 2010 through July 2013, Richards, an investment advisory representative associated with Securus Wealth Management, LLC ("Securus"), engaged in a manipulative scheme to support the market price of the common stock of Gatekeeper USA, Inc. ("Gatekeeper"), which he thought would help Gatekeeper to obtain financing. Richards caused his clients to invest over $1 million in shares of Gatekeeper stock during this period. This trading was unusual for Securus, whose primary business involved investing in mutual funds on behalf of its clients. In furtherance of his scheme, Richards sent numerous emails from his Securus email account to an insider at Gatekeeper in which he discussed his scheme. In addition, Richards failed to disclose significant conflicts of interest to his advisory clients arising from his personal..

Also known as: Gatekeeper Fair Fund, Gatekeeper USA, Inc.

Primary location: Chanhassen United States