Jefferson City, Mo. — Secretary of State Jason Kander today issued an Investor Alert urging Missourians to use caution before investing in Unity Management Group, Inc. His office has ordered the company to stop selling its shares in Missouri after failing to comply with the state’s basic offering requirements for securities. Documents filed with Kander’s office indicated the company sold shares in Missouri at least once.
In July 2014, Unity Management Group sought to sell shares under a federal exemption that permits the sale of securities without registration. Under this exemption, however, Missouri rules require sellers to file a short document, known as Form D, with Kander’s office and pay a filing fee. Although Unity filed the required document, the check was returned for insufficient funds.
Representatives from the Securities Division reached out to Unity Management Group and its counsel on at least six occasions by using contact information provided on the forms to remedy the issue. Kander’s office has been unable to reach any representative of Unity and has received no response to any of these attempts.
“When a company fails to respond to the Securities Division, that’s a red flag,” Kander said. “I encourage everyone to call my Investor Protection Hotline at 1-800-721-7996 before investing their hard-earned savings.”
Kander Issues Investor Alert on Unity Management Group
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