An convicted investment agent from Rogersville, Missouri, is ordered to repay investors after he is accused of selling more than $1 million in unregistered, non-exempt securities to at least 25 investors.
From June 2014 to May 2017, Roy Harris Jr. and his companies Orthogistic Labs Inc., Orthogistic LLC and Amniogistic LLC solicited at least 25 investors to invest more than $1 million in unregistered stock in his companies.
Secretary of State Jay Ashcroft’s Securities Division ordered Harris and his companies to pay $779,183 in restitution to the investors and an additional $10,000 to the Investor Education and Protection Fund if restitution is not paid in full within five years.
“Mr. Harris not only was not registered or affiliated with a registered firm, but had a prior criminal record involving securities fraud, deceptive business practices and felony stealing,” Securities Commissioner David M. Minnick said. “We go after wrongdoers when we become aware of their deceitful schemes and work closely with federal, state and local law enforcement to bring them to justice.”