Broker Investigation: Jeffrey A. Laberge

Jeffrey A. Laberge (CRD#: 4847129) is a formerly registered securities broker. Mr. Laberge was most recently employed at WFG Investments, Inc. (2009-2013) and Securities America, Inc. (2004-2007). At both brokerage firms, Mr. Laberge was based in San Diego, California.

In July 2017, the Securities and Exchange Commission (SEC) indefinitely barred Jeffrey A. Laberge from associating with any securities firm, in any capacity. Here, our investment fraud attorneys provide an overview of the SEC complaint against Mr. Laberge.

SEC Disciplinary Action: Jeffrey A. Laberge

On July 19th, 2017, the Securities and Exchange Commission (SEC) filed a complaint against Jeffrey A. Laberge, his partner Ryan N. Bowers, and their company Enviso Capital, LLC (Administrative Proceeding File No. 3-18071).

The relevant period, in this case, runs from 2012 through 2014. SEC investigators allege that Mr. Laberge overstated the value of an investment company, Enviso Capital, LLC, of which he owned a percentage. During this time period, Mr. Laberge was also employed as a broker at WFG Investments.

According to the SEC, Mr. Laberge intentionally misrepresented the value of an energy company (Bluefin Renewable Energy, LLC) that was held by the investment fund. Though Bluefin was failing, Mr. Laberge produced account statements and projections that estimated dynamic growth for the company over the next three years. The SEC contends that these estimates were wholly unreasonable and unrealistic. They had no legitimate basis in reality.

This conduct is a direct violation of federal securities law, most notably, Section 206(4) of the Advisers Act and Rule 206(4)-2. Based on its findings, the SEC has barred Jeffery A. Laberge from the securities industry indefinitely. Mr. Laberge has the right to apply for re-entry after two years.

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