Sanctum Publishing & Marketing and Sanctum Media Group, SEC Investigates CEO | Goodman & Nekvasil P.A. May Recover Investor Losses
According to the SEC:
From 2012 through September 2015, Respondent was the Chief Executive Officer and majority shareholder of Sanctum Publishing & Marketing, Limited, Inc. (“SPM”) and Sanctum Media Group, Inc. (“SMG”). During the time period alleged in the complaint below, Respondent raised at least $1.5 million dollars for SPM and SMG through offerings of stock, notes, and debentures to at least 15 investors in Florida and elsewhere. Salvatore Renaldi solicited investors directly and through sales agents, to whom he paid commissions and provided offering materials for investors. During this time period, Respondent was neither registered as a broker-dealer nor associated with a broker-dealer. Respondent, 48 years old, is a resident of Wellington, Florida.
On January 5, 2016, a default judgment was entered against Respondent, permanently enjoining him from future violations of Sections 15(a) and 17(a) of the Securities Act of 1933, and Section 10(b) of the Exchange Act and Rule 10b-5 thereunder, in the civil action entitled Securities and Exchange Commission v. Salvatore Renaldi, et al., Civil Action Number 9:15-CV-81342, in the United States District Court for the Southern District of Florida.
The Commission’s complaint alleged that, from at least 2012 until September 2015, Respondent raised at least $1.5 million dollars through offerings of stock, notes, and debentures to investors in Florida and elsewhere. Respondent misappropriated investor funds, falsely stated to investors that their funds were invested, falsely touted his financial industry expertise, yet failed to disclose his prior civil and criminal violations of the securities laws, and otherwise engaged in a variety of conduct that operated as a fraud and deceit on investors. The complaint also alleged that Respondent solicited investors directly and through sales agents, to whom he paid commissions and provided offering materials for investors, at a time when he was neither registered as nor associated with a broker-dealer. The complaint also alleged that Respondent used the mail and instrumentalities of interstate commerce to offer and sell securities.
Investors in Sanctum May Recover their Losses with Goodman & Nekvasil, P.A.
If you invested in Sanctum, 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 in Sanctum 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.
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