SEC Charges Denver Real Estate Developer with Securities Fraud

Posted on September 6th, 2022 at 12:53 PM
SEC Charges Denver Real Estate Developer with Securities Fraud

From the Desk of Jim Eccleston at Eccleston Law.

The Securities and Exchange Commission (SEC) has charged a Denver real estate developer, WDC Holdings LLC, as well as its owner, Robert Watson, for allegedly misrepresenting their investments in securities offerings to fund ten distinct real estate projects.

Watson and WDC Holdings raised nearly $49.5 million from at least 350 investors via sales of securities to fund several commercial real estate initiatives, according to the SEC. The SEC alleged that Watson and WDC Holdings informed investors that they would personally invest 4% to 5% of the required equity, which would have totaled nearly $2.8 million.

However, Watson and WDC Holdings invested only a small fraction of the promised amount, and the SEC alleged that Watson’s false statements were important to investors. The SEC is seeking permanent injunctions, disgorgement with prejudgment interest, as well as civil penalties against Watson and WDC Holdings.

Eccleston Law LLC represents investors and financial advisors nationwide in securities, employment, regulatory and disciplinary matters.

Tags: eccleston, eccleston law, real estate, sec

Return to Archive

TESTIMONIALS

Previous
Next

I am so glad I found you! Wow! I appreciate your help, concern and guidance.

RB

LATEST NEWS AND ARTICLES

September 17, 2025
FINRA Suspends Centaurus Dallas Broker Over Excessive Alternative Investment Sales

FINRA has suspended a Centaurus Financial broker, William Burks, for four months after finding he placed as much as 91 percent of a client’s net worth into illiquid alternative investments.

September 16, 2025
Former Morgan Stanley Advisors Win Partial Court Victory in Client Solicitation Dispute

Two former Morgan Stanley advisors in Hackensack, New Jersey have defeated Morgan Stanley’s initial effort to block them from soliciting clients, according to an August 15 order from New Jersey Superior Court.

September 15, 2025
California Young-Gun Investor Charged in Alleged $6 Million Ponzi Scheme

Federal prosecutors have accused Mihir Deepak Sukthankar, a California resident once celebrated as a teenage trading “prodigy,” of orchestrating a multi-million-dollar Ponzi scheme.