Artec Global Media, Inc. – State of California Issues Desist and Refrain Order | Goodman & Nekvasil P.A. May Recover Investor Losses
According to the State of California Department of Business Oversight
At all relevant times, Artec Global Media, Inc. (Artec) was a Nevada corporation located at various addresses: 249 South Highway 101, # 324, Solana Beach, California 92075; and 1000 East William Street, # 204, Carson City, Nevada 89701.
At all relevant times, Caleb Wickman (Wickman) was a control person, President, and CEO of Artec.
Beginning in at least February 2015, Artec Global Media, Inc. and Wickman offered or sold securities, in the form of stock and convertible promissory notes in Artec Global Media, Inc., in California. The purported purpose of the securities offering was to raise funds for the operations and growth of Artec, which purports to offer online marketing, web services, and consulting. The securities in Artec were offered or sold in this state in issuer transactions. The Department of Business Oversight has not issued a permit or other form of qualification authorizing any person to offer or sell these securities in this state. Artec and Wickman offered and sold securities to members of the public through general solicitations, including an investor recruitment network. Artec and Wickman offered and sold securities to members of the public with whom they had no substantive, pre-existing personal or business relationship.
In connection with the offers and sales of securities, Artec and Wickman failed to disclose to potential investors that, in 2006, Wickman stipulated to a permanent injunction and final judgment in a civil action filed by the Federal Trade Commission, for violation of the federal Controlling the Assault of Non-Solicited Pornographic and Marketing Act of 2003 in relation to online marketing, in the United States District Court for the Northern District of Illinois, Eastern Division.
Based upon the foregoing findings, the Commissioner is of the opinion that the stock and convertible promissory notes offered and sold by Artec Global Media, Inc. and Caleb Wickman are securities subject to qualification under the Corporate Securities Law of 1968 and are being or have been offered or sold without first being qualified in violation of Corporations Code section 25110. Pursuant to section 25532 of the Corporate Securities Law of 1968, Artec Global Media, Inc. and Caleb Wickman are hereby ordered to desist and refrain from the further offer or sale in the State of California of securities, including but not limited to stock and convertible promissory notes, unless and until qualification has been made under the law or unless exempt
Investors in Artec Global Media, Inc. May Recover their Losses with Goodman & Nekvasil, P.A.
If you invested in Artec Global Media, Inc., Goodman & Nekvasil, P.A. may help you. Goodman & Nekvasil, P.A., a Clearwater, Florida, law firm with a national practice representing victimized investors, has recovered more than $180 million dollars on behalf of victimized investors.
All our cases are handled on a purely contingency fee basis by Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA. Kalju Nekvasil, Esq. has practiced in this area of the law for more than 35 years.
There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
If you incurred investment losses and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.
Artec Global Media, Unsuitable Investment Advice, Investment Fraud, Churning, Misrepresentation and Omission of Material Facts, Elder Fraud, Unauthorized Trading, Theft, Selling Away, Unapproved Outside Business, Nationwide, SEC, Artec Global Media