LOUIS PETER GOFF, Edger Solutions, LLC and Edger Solutions Management, LLC and Phoenix Outsourced Development, LLC.
(March 4, 2024, San Diego, CA) The securities fraud and elder financial abuse law firm of Richard A. Nervig, P.C. is investigating and offering free initial consultations to investors who purchased securities and otherwise did business with LOUIS PETER GOFF (“Goff”) , Edger Solutions, LLC (“Edger”) and Edger Solutions Management, LLC and Phoenix Outsourced Development, LLC (“Phoenix”).
According to a complaint filed by the Securities and Exchange Commission against Goff, Edger and Phoenix in October 2019, October 2019, Goff, in connection with the sale of Edger investment contracts for a foreign currency trading program, Goff made false statements about investors’ account values; profitability of their Edger accounts; current and historical account returns; Goff’s experience and qualifications; and his personal management of over $750 million in client funds. The complaint also alleged that Goff failed to disclose to investors in Edger that their funds were transferred to bank and foreign currency trading accounts controlled by Phoenix Outsourced Development, LLC, which was operated by a securities law recidivist. The complaint alleged Goff reviewed and approved Edger’s Private Placement Memorandum, and monthly performance reports for investors, both of which contained material misrepresentations and omissions. Finally, the Commission’s complaint alleges that Goff failed to disclose to investors in Edger that all trading on behalf of Edger was done by a securities fraud recidivist and convicted felon. See, Phoenix Outsourced Development, LLC, Edger Solutions Management, Michael McLaughlin, Derek McLaughlin, Louis Peter Goff, Eric Fairbourn, Brian Hubbard, Nicholas Deluca (sec.gov).
On March 4, 2024, the SEC entered an Order Instituting Proceedings ordering that Goff among other things be barred from participating in any offering of a penny stock, including: acting as a promoter, finder, consultant, agent or other person who engages in activities with a broker, dealer or issuer for purposes of the issuance or trading in any penny stock, or inducing or attempting to induce the purchase or sale of any penny stock. See, Template for Settled Order for AP Based on Injunction/Conviction (sec.gov)
If you did business with any of the above individuals or firms and are interested in learning more about your legal rights and remedies, please contact Richard A. Nervig (info@nerviglaw.com) at (760) 451-2300.