Colorado Securities Commissioner Fred Joseph announced today that he has entered a final cease and desist order against a Denver man and his company for allegedly violating the securities registration provisions of the Colorado Securities Act (“Act”) in connection with the offer of securities in Colorado.
Named in the Order is Christopher M. Yates, and his company, CM Yates, Inc., which is located in Denver, Colorado.
The Staff of the Division of Securities (the “Staff”), alleged that Yates offered securities to Colorado investors by advertising the investments on the internet and through mass e-mailings. Yates sought Colorado investors for his real estate projects. Yates sought investors to invest in investment property that Yates would renovate or remodel, then lease for cash flow and long term equity appreciation.
The Staff alleged that Yates failed to register either security offering and, by offering the investment opportunity to the general public through the use of the internet, Yates was unable to take advantage of any private offering exemption under the Act. "Soliciting investors through general advertising for private offerings of securities is a violation of the law when those securities have not been registered," said Commissioner Joseph. "Investors should always be wary of stock offerings promoted through the use of general advertising. Contact our office to verify that securities have been properly registered before purchasing any security after seeing an ad."
Prairie Gateway re-branded to Victory Crossing {Commerce City}
Commerce City "We need to be sure that we are not left behind in ED..."
Will we ever see Development @ the Prairie Gateway site in Commerce City, CO??? It has been years since the Commerce City Civic Center and Rapids stadium have been built and still no economic development. I guess patience is really a virtue.
