Defendant consents to pay investor education fund, investigation costs
Secretary of State Jay Ashcroft’s Securities Division entered into a consent order with Jan Skola after he sold unregistered, non-exempt securities to a Missouri resident.
In February 2013, Jan Skola of Camdenton, became affiliated with a California-based environmental technologies company. Skola sought investments from personal acquaintances and through videos posted to YouTube.
In May 2014, after several months of soliciting an investment by providing marketing materials, Skola convinced a Lee’s Summit resident to invest $25,000 in cash and services in exchange for a promissory note from the company. Upon learning of Skola’s past, the Missouri investor demanded and received the sum of his investment plus the applicable interest rate from the California company.
In addition, the division previously ordered Skola to cease and desist for failing to register in 2004. Skola is also a convicted felon, which would’ve disqualified him from registration had he sought it.
“Our division registers thousands of legitimate securities firms and agents and maintain their records,” Securities Commissioner David M. Minnick said. “If you’re approached by someone offering an investment opportunity, check with us to verify their credentials before investing.”
The division ordered Skola to pay $3,000 to the Investor Education and Protection Fund and $1,000 in investigation costs.
Ashcroft urges all investors to know the risks. If you have any questions about an investment opportunity or wish to check the background and registration status of a financial adviser, please call the toll-free investor protection hotline at 800-721-7996, or go online to www.missouriprotectsinvestors.com to file a complaint.