Anchor ads are not supported on this page.

4S Ranch Allied Gardens Alpine Baja Balboa Park Bankers Hill Barrio Logan Bay Ho Bay Park Black Mountain Ranch Blossom Valley Bonita Bonsall Borrego Springs Boulevard Campo Cardiff-by-the-Sea Carlsbad Carmel Mountain Carmel Valley Chollas View Chula Vista City College City Heights Clairemont College Area Coronado CSU San Marcos Cuyamaca College Del Cerro Del Mar Descanso Downtown San Diego Eastlake East Village El Cajon Emerald Hills Encanto Encinitas Escondido Fallbrook Fletcher Hills Golden Hill Grant Hill Grantville Grossmont College Guatay Harbor Island Hillcrest Imperial Beach Imperial Valley Jacumba Jamacha-Lomita Jamul Julian Kearny Mesa Kensington La Jolla Lakeside La Mesa Lemon Grove Leucadia Liberty Station Lincoln Acres Lincoln Park Linda Vista Little Italy Logan Heights Mesa College Midway District MiraCosta College Miramar Miramar College Mira Mesa Mission Beach Mission Hills Mission Valley Mountain View Mount Hope Mount Laguna National City Nestor Normal Heights North Park Oak Park Ocean Beach Oceanside Old Town Otay Mesa Pacific Beach Pala Palomar College Palomar Mountain Paradise Hills Pauma Valley Pine Valley Point Loma Point Loma Nazarene Potrero Poway Rainbow Ramona Rancho Bernardo Rancho Penasquitos Rancho San Diego Rancho Santa Fe Rolando San Carlos San Marcos San Onofre Santa Ysabel Santee San Ysidro Scripps Ranch SDSU Serra Mesa Shelltown Shelter Island Sherman Heights Skyline Solana Beach Sorrento Valley Southcrest South Park Southwestern College Spring Valley Stockton Talmadge Temecula Tierrasanta Tijuana UCSD University City University Heights USD Valencia Park Valley Center Vista Warner Springs

Sure beats jail time

San Diegan banned from securities business for five years

The Securities and Exchange Commission yesterday (July 31) announced an agreement by which Jason D. Huntley of San Diego will be banned from the securities business for five years. Huntley agreed to the judgment without admitting or denying the agency's findings.

According to an SEC announcement, from 2001 to 2011, Huntley was president of a Colorado Springs investment advisory firm that dissolved in 2011. Huntley put his clients in a real-estate lending fund but didn't tell those clients that the fund had financed a personal real-estate venture for him. The value of the fund plunged 80 percent. He had obtained a loan of more than $2 million from the fund.

Sponsored
Sponsored

In addition, Huntley recommended that his clients approve a transaction involving another fund without disclosing that he would receive compensation as a result of the transaction; and, Huntley bought stock in client accounts without advising those clients that he would receive compensation, according to the SEC.

In 2013, Huntley was sued for selling an allegedly extravagant $25 million life-insurance policy to former Padres star pitcher Heath Bell. Bell said in the suit that he was referred to Huntley by William (Billy) Crafton Jr., a San Diegan who has gotten in trouble for putting athletes in a Ponzi scheme and has gone bankrupt. Bell's initial payment on the policy would be $848,000 and his annual payments $170,000. According to the suit, over Bell's expected lifetime, his premiums would total $10 million.

The latest copy of the Reader

Here's something you might be interested in.
Submit a free classified
or view all
Previous article

Live Five: Rebecca Jade, Stoney B. Blues, Manzanita Blues, Blame Betty, Marujah

Holiday music, blues, rockabilly, and record releases in Carlsbad, San Carlos, Little Italy, downtown
Next Article

Oceanside toughens up Harbor Beach

Tighter hours on fire rings, more cops, maybe cameras

The Securities and Exchange Commission yesterday (July 31) announced an agreement by which Jason D. Huntley of San Diego will be banned from the securities business for five years. Huntley agreed to the judgment without admitting or denying the agency's findings.

According to an SEC announcement, from 2001 to 2011, Huntley was president of a Colorado Springs investment advisory firm that dissolved in 2011. Huntley put his clients in a real-estate lending fund but didn't tell those clients that the fund had financed a personal real-estate venture for him. The value of the fund plunged 80 percent. He had obtained a loan of more than $2 million from the fund.

Sponsored
Sponsored

In addition, Huntley recommended that his clients approve a transaction involving another fund without disclosing that he would receive compensation as a result of the transaction; and, Huntley bought stock in client accounts without advising those clients that he would receive compensation, according to the SEC.

In 2013, Huntley was sued for selling an allegedly extravagant $25 million life-insurance policy to former Padres star pitcher Heath Bell. Bell said in the suit that he was referred to Huntley by William (Billy) Crafton Jr., a San Diegan who has gotten in trouble for putting athletes in a Ponzi scheme and has gone bankrupt. Bell's initial payment on the policy would be $848,000 and his annual payments $170,000. According to the suit, over Bell's expected lifetime, his premiums would total $10 million.

Comments
Sponsored

The latest copy of the Reader

Here's something you might be interested in.
Submit a free classified
or view all
Previous article

Live Five: Rebecca Jade, Stoney B. Blues, Manzanita Blues, Blame Betty, Marujah

Holiday music, blues, rockabilly, and record releases in Carlsbad, San Carlos, Little Italy, downtown
Next Article

Our lowest temps are typically in January, Tree aloes blooming for the birds

Big surf changes our shorelines
Comments
Ask a Hipster — Advice you didn't know you needed Big Screen — Movie commentary Blurt — Music's inside track Booze News — San Diego spirits Classical Music — Immortal beauty Classifieds — Free and easy Cover Stories — Front-page features Drinks All Around — Bartenders' drink recipes Excerpts — Literary and spiritual excerpts Feast! — Food & drink reviews Feature Stories — Local news & stories Fishing Report — What’s getting hooked from ship and shore From the Archives — Spotlight on the past Golden Dreams — Talk of the town The Gonzo Report — Making the musical scene, or at least reporting from it Letters — Our inbox Movies@Home — Local movie buffs share favorites Movie Reviews — Our critics' picks and pans Musician Interviews — Up close with local artists Neighborhood News from Stringers — Hyperlocal news News Ticker — News & politics Obermeyer — San Diego politics illustrated Outdoors — Weekly changes in flora and fauna Overheard in San Diego — Eavesdropping illustrated Poetry — The old and the new Reader Travel — Travel section built by travelers Reading — The hunt for intellectuals Roam-O-Rama — SoCal's best hiking/biking trails San Diego Beer — Inside San Diego suds SD on the QT — Almost factual news Sheep and Goats — Places of worship Special Issues — The best of Street Style — San Diego streets have style Surf Diego — Real stories from those braving the waves Theater — On stage in San Diego this week Tin Fork — Silver spoon alternative Under the Radar — Matt Potter's undercover work Unforgettable — Long-ago San Diego Unreal Estate — San Diego's priciest pads Your Week — Daily event picks
4S Ranch Allied Gardens Alpine Baja Balboa Park Bankers Hill Barrio Logan Bay Ho Bay Park Black Mountain Ranch Blossom Valley Bonita Bonsall Borrego Springs Boulevard Campo Cardiff-by-the-Sea Carlsbad Carmel Mountain Carmel Valley Chollas View Chula Vista City College City Heights Clairemont College Area Coronado CSU San Marcos Cuyamaca College Del Cerro Del Mar Descanso Downtown San Diego Eastlake East Village El Cajon Emerald Hills Encanto Encinitas Escondido Fallbrook Fletcher Hills Golden Hill Grant Hill Grantville Grossmont College Guatay Harbor Island Hillcrest Imperial Beach Imperial Valley Jacumba Jamacha-Lomita Jamul Julian Kearny Mesa Kensington La Jolla Lakeside La Mesa Lemon Grove Leucadia Liberty Station Lincoln Acres Lincoln Park Linda Vista Little Italy Logan Heights Mesa College Midway District MiraCosta College Miramar Miramar College Mira Mesa Mission Beach Mission Hills Mission Valley Mountain View Mount Hope Mount Laguna National City Nestor Normal Heights North Park Oak Park Ocean Beach Oceanside Old Town Otay Mesa Pacific Beach Pala Palomar College Palomar Mountain Paradise Hills Pauma Valley Pine Valley Point Loma Point Loma Nazarene Potrero Poway Rainbow Ramona Rancho Bernardo Rancho Penasquitos Rancho San Diego Rancho Santa Fe Rolando San Carlos San Marcos San Onofre Santa Ysabel Santee San Ysidro Scripps Ranch SDSU Serra Mesa Shelltown Shelter Island Sherman Heights Skyline Solana Beach Sorrento Valley Southcrest South Park Southwestern College Spring Valley Stockton Talmadge Temecula Tierrasanta Tijuana UCSD University City University Heights USD Valencia Park Valley Center Vista Warner Springs
Close

Anchor ads are not supported on this page.

This Week’s Reader This Week’s Reader