Articles Tagged with Brad Hare

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Brad Hare (Hare), previously associated with Windsor Street Capital, Lp, has at least one disclosable event. These events include one tax lien, alleging that Hare recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a final customer complaint on December 10, 2024.

The Securities and Exchange Commission (‘Commission’) deems it appropriate and in the public interest that public administrative proceedings be, and hereby are, instituted against Brad Hare (‘Hare’ or ‘Respondent’). In anticipation of the institution of these proceedings, Respondent has submitted an Offer of Settlement which the Commission has determined to accept. The commission finds that on December 3, 2024, a final judgment was entered by consent against Hare, permanently enjoining him from future violations of Section 15(a) of the Exchange Act, as set forth in the judgment entered in the civil action entitled Securities and Exchange Commission v. Brad Hare, et al., Civil Action Number 24-CV-12134, in the United States District Court for the Northern District of Illinois. The Commission’s complaint alleged that from at least April 1, 2018, Mammoth, through Hare, as part of a regular business, engaged in the buying and selling of securities for Mammoth’s own account. The complaint alleged that Mammoth, through Hare, bought and sold billions of newly issued shares of penny stock securities issuers and generated millions of dollars from those sales without complying with the SEC’s mandatory dealer registration requirements under the federal securities laws. The complaint also alleged that Mammoth’s business model included repeatedly purchasing convertible notes, a type of security, from penny stock issuers and penny stock debtholders, converting the notes into stock at a large discount from the prevailing market price, and selling the newly-issued shares into the public markets for a substantial profit. The complaint alleged that Mammoth, through Hare, acquired approximately 47 convertible notes involving 19 different companies issuing stock, converted those notes into approximately 11 billion shares, and gained over $2.5 million dollars in net profits. Neither Mammoth nor Hare was registered with the Commission as a broker-dealer nor was either associated with a registered broker-dealer during the relevant period.

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