Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Ralph Trigg (Trigg), previously associated with Nylife Securities Inc., has at least one disclosable event. These events include one regulatory, alleging that Trigg recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a final customer complaint on September 16, 2024.
The Securities and Exchange Commission (“Commission”) deems it appropriate and in the public interest that public administrative and cease-and-desist proceedings be, and hereby are, instituted against Ralph M. Trigg (“Trigg” 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 from at least November 2016 through May 2018, Trigg acted as an unregistered broker for Black Hawk Funding, Inc. (“Black Hawk”) and one of its affiliated entities. Trigg solicited investors through his network of contacts, advised them on the merits of investing in various Black Hawk funds, discussed with investors the amount of their investments, and facilitated the purchase of the securities involved by ensuring that certain investors executed participation agreements to purchase the securities. Similarly, Trigg also solicited investors to purchase securities on behalf of a separate entity affiliated with Black Hawk and facilitated those transactions. For his fundraising and broker services, Black Hawk and the affiliated entity paid Trigg transaction-based commissions that totaled at least $211,000. As a result of his conduct, Trigg willfully violated Section 15(a) of the Exchange Act.
