In the Matter of Joshua M. Beauregard, et al.
Admin. Proc. File No. 3-17392
On August 16, 2016, the Commission instituted and simultaneously settled proceedings against Joshua M. Beauregard and Jennifer M. Beauregard (collectively, “Respondents”) arising from their participation as unregistered broker-dealers in the offer and sale of securities by interstate commerce (“Order”). In the Order, the Commission found that the Respondents acted as unregistered sales agents 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 Respondents earned transaction-based compensation from each sale. From approximately April 2013 through late 2013, the Respondents received $24,800.00 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 Respondents violated Section 15(a)(1) of the Securities Exchange Act of 1934. The Commission ordered the Respondents, jointly and severally, pay a total of $25,000.00, consisting of disgorgement of $24,800.00 and prejudgment interest of $200.00.
The Commission further ordered that the Respondents’ liability to the Commission pursuant to the Order would be offset dollar for dollar by proof of payment of $25,000.00 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 and in accordance with the terms reached in the pre-suit settlement with the Receiver. See the Commission’s order: Release No. 34-78583.
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