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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.

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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.

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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
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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.

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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
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