In the Matter of Jeremy D. Barnes

Admin. Proc. File No. 3-17389

On August 16, 2016, the Commission instituted and simultaneously settled proceedings against Jeremy D. Barnes (“Respondent”) arising from his participation as an unregistered broker-dealer in the offer and sale of securities by interstate commerce (the “Order”). In the Order, the Commission found that the Respondent acted as an unregistered sales agent of JCS Enterprises, Inc. (“JCS”) and T.B.T.I., Inc. (“TBTI”) by having offered and sold JCS’s and TBTI’s investment contracts in JCS’s Virtual Concierge program, and the Respondent earned transaction-based compensation from each sale. From approximately May 2013 through late 2013, the Respondent received $58,900.00 in transaction-based compensation from JCS and TBTI in exchange for soliciting and securing investors through the use of telephone and/or email. The Commission found that the Respondent willfully violated Section 15(a)(1) of the Securities Exchange Act of 1934. The Commission ordered the Respondent to pay a total of $59,500.00, consisting of disgorgement of $58,900.00 and prejudgment interest of $600.00.

The Commission further ordered that the Respondent’s liability to the Commission pursuant to the Order would be offset dollar for dollar by proof of payment of $59,500.00 to the Receiver, James D. Sallah, appointed in the related Commission action, SEC v. JCS Enterprises, Inc., Case No. 14-80468-CV-DMM (S.D. Fla.), for distribution to injured investors in accordance with the terms reached in the pre-suit settlement with the Receiver. See the Commission’s order: Release No. 34-78580.

For further information regarding these funds, please contact James D. Sallah, Esq., the Receiver for JCS and T.B.T.I. in the matter of JCS Enterprises, Inc., et al., Case No. 14-80468-CV-DMM (S.D. Fla.).

Receiver:

James D. Sallah, Esq.
One Boca Place
Sallah Astarita & Cox LLC
2255 Glades Road, Suite 300E
Boca Raton, FL 33431
Telephone: (561) 989-9080