Unregistered Agent Who Misled Kansas Resident in $50,000 Investment Consents to Repay Investor

The information in this article is from a press release provided by Maura Browning, Communications Director for the Missouri Secretary of State's Office.

Secretary of State Jay Ashcroft’s Securities Division issued a consent order against Sean E. Bledsoe and his company Healthy Plus LLC after they misled a Kansas resident in the sale of $50,000 in securities.
In August 2017, Bledsoe, an unregistered agent, sold a $50,000 unregistered, non-exempt investment contract to a Kansas resident in the form of a promissory note. Bledsoe omitted material information to the investor prior to the investment.
“Before you put money into an investment, find out whether the company or person you are considering investing with is properly registered,” Ashcroft said. “If they are not registered, you should find out why. Our office can help provide valuable information to assist you in making informed investment decisions.”
The division ordered Bledsoe and his company to pay full restitution including interest in the amount of $64,245.31, plus $11,000 in civil penalties and $4,000 to the Investor Education and Protection Fund. The civil penalties are suspended pending compliance by Bledsoe with the terms of the order, and will ultimately be waived if Bledsoe pays all other amounts due by Nov. 30, 2020.
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.