SEC Wins Final Judgment Against Quest Education; Founder Banned From Securities Activities

According to the U.S. Securities and Exchange Commission, a federal court in Nevada entered a final judgment on June 29 against Quest Education L.L.C., founder Daniel Blue, and former employees David Christopher White and Keitoh Jordan Spears for operating as an unregistered securities broker. The firm earned approximately $2.5 million in commissions from October 2019 to April 2023 by promoting private investment offerings to customers while portraying itself as a financial education company. The court permanently barred all defendants from violating securities laws and prohibited Blue from directly or indirectly participating in any securities issuance, purchase, offer or sale. Blue and Spears were each ordered to pay civil penalties of $11,823.
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