Missouri Securities Division Takes Step to Order John Rallo and FFH Holdings, LLC to Pay $1.36 Million

13May - by Editor - 0 - In STL.News

Jefferson City, MO (STL.News) – Missouri Secretary of State Jay Ashcroft’s Securities Division ordered John Rallo and his company FFH Holdings LLC to cease and desist after he allegedly sold unregistered, non-exempt securities to Missouri residents. From approximately August 2015 to June 2016, Rallo allegedly solicited at least six investors — residents of O’Fallon, St. Louis and Wildwood, Missouri — to invest over $1.3 million in his business FFH Holdings.  Rallo represented that the investment funds would be used to buy interests in Food For Health International, a Utah business, purportedly in the business of buying and selling coconut powder to, among others, Costco and Sam’s Club.

Continue reading Missouri Securities Division Takes Step to Order John Rallo and FFH Holdings, LLC to Pay $1.36 Million at STL.News.

Source link