SEC v. GEL Direct Trust

GEL Direct Trust, GEL Direct, LLC, Jeffrey K. Galvani, and Stuart A. Jeffery allegedly operated as unregistered brokers. According to the SEC’s complaint, from 2019 through at least May 2022, Galvani and Jeffery, acting through the GEL entities, provided brokerage services to approximately 60 customers involving at least 19,000 securities trades, primarily in penny stocks.

Summary generated from official Securities and Exchange Commission press release