- Report: #853433
Complaint Review: Stargroove Trade - New York New York
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Author Confirmed
Why?
Stargroove Trade
767 5th Ave. New York, 10153 New York, United States of America
Phone:
866 667 8067
Web:
www.jumbocdfund.com
Categories:
Business Rating:
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Stargroove Trade Fraudulent Misrepresentation of Company: It is NOT REGISTERED New York , New York
Stargroove Trade (www.jumbocdfund.com) is fraudulently misrepresenting itself as affiliated with a FINRA registered Broker Dealer, and with SEC, presumably to convey legitimacy to unwary potential investors.
However, the firm is NOT registered with FINRA or with the SEC (nor is any of the staff listed on the website) or even with the state of New York (as a corporation), nor has Stargroove ever been associated with the real Broker Dealer identified in the solicitation documents distributed by Bob Nolan.
The impersonated Broker Dealer reported Stargroove to FINRA, the SEC, and the New York State Department of Fraud Investigation on February 10. The SEC subsequently told the Broker Dealer that this quarter it will post Stargroove on its "wall of shame" (the PAUSE section of its website) and it requests that any investors or potential investors who have had communications or dealings with Stargroove file a written complaint through www.sec.gov. As of mid-March, Stargroove's website remains active.
Note: the only reason this came to light was because two prudent potential investors did due diligence on the validating information provided them, and contacted the impersonated Broker-Dealer, which then reported Stargroove to the various authorities. Due your due diligence!
However, the firm is NOT registered with FINRA or with the SEC (nor is any of the staff listed on the website) or even with the state of New York (as a corporation), nor has Stargroove ever been associated with the real Broker Dealer identified in the solicitation documents distributed by Bob Nolan.
The impersonated Broker Dealer reported Stargroove to FINRA, the SEC, and the New York State Department of Fraud Investigation on February 10. The SEC subsequently told the Broker Dealer that this quarter it will post Stargroove on its "wall of shame" (the PAUSE section of its website) and it requests that any investors or potential investors who have had communications or dealings with Stargroove file a written complaint through www.sec.gov. As of mid-March, Stargroove's website remains active.
Note: the only reason this came to light was because two prudent potential investors did due diligence on the validating information provided them, and contacted the impersonated Broker-Dealer, which then reported Stargroove to the various authorities. Due your due diligence!
