Eric Gemelli Barred from Securities Sales in Colorado for 10 Years
Summary
The Colorado Securities Commissioner has barred Eric Gemelli and his company, Market4Caster, LLC, from selling securities in Colorado for 10 years following their admission to violating the Colorado Securities Act. The defendants admitted to unlicensed sales of over $3 million in unregistered securities.
What changed
Eric Gemelli and his company, Market4Caster, LLC, have been barred from offering or selling securities in Colorado for 10 years, and from acting as investment advisers or representatives in the state for the same period. This action stems from a stipulated agreement where Gemelli and Market4Caster admitted to unlicensed sales of over $3 million in unregistered securities, violating the Colorado Securities Act. The complaint also alleged failure to disclose high commissions and prior cease and desist orders from California.
This enforcement action means Gemelli and Market4Caster are prohibited from any securities-related activities within Colorado for a decade. The settlement was reached before a scheduled trial, with Gemelli admitting to earning $1 million in commissions which he dissipated. The Colorado Securities Commissioner emphasized that any violations of this order will be pursued vigorously, highlighting the serious consequences of non-compliance with securities regulations.
What to do next
- Review past transactions involving Eric Gemelli or Market4Caster, LLC.
- Ensure all securities sales and advisory activities in Colorado are properly licensed and registered.
- Verify the registration status of all investments and individuals offering securities in Colorado.
Penalties
Barred from any offering or sale of securities in Colorado or to any Colorado resident for 10 years; prohibited from acting as investment advisers or representatives in Colorado for 10 years.
Source document (simplified)
Eric Gemelli Admits to Violating Securities Law, Barred From Selling Securities in Colorado for 10 Years
Tuesday, February 17, 2026
Submitted by [user:fieldfirstname] In a stipulated agreement with the Colorado Securities Commissioner, Eric Gemelli and his company Market4Caster, LLC, of Golden, Colorado, admitted to unlicensed sales of millions of dollars of securities in violation of the Colorado Securities Act.
Denver District Court Judge Christopher Jay Baumann accepted the stipulation and ordered Gemelli and Market4Caster, LLC, barred from any offering or sale of securities in Colorado or to any Colorado resident for 10 years. Both are also prohibited from acting as investment advisers or representatives in Colorado for 10 years.
On November 6, 2024, Colorado Securities Commissioner Tung Chan filed a civil complaint against Market4Caster, LLC and Gemelli alleging that the defendants were unlicensed and sold over $3 million of unregistered investments in penny stocks and interests in mining operations. Gemelli allegedly targeted friends, students and women he met through dating apps.
The complaint also alleged Gemelli failed to disclose that he earned inordinately high commissions and that the State of California had issued two cease and desist orders against him for violating securities laws in that state.
The settlement, wherein Mr. Gemelli admitted to earning $1 million in commissions and compensation which he dissipated, was reached weeks before the scheduled trial.
“Mr. Gemelli is not welcome to sell securities in Colorado for the next decade. Any violations of this order will be pursued to the fullest extent of the law,” said Commissioner Chan.
The Division encourages consumers to verify the background of anyone offering securities by doing an internet search and also visiting Investor.Gov. To verify that an investment is registered, visit the U.S. Securities and Exchange Commission’s EDGAR database.
If you or someone you know has been involved in an investment scam, contact the Division of Securities at Dora_SecuritiesWebsite@state.co.us or call 303-894-2320.
Recent
Colorado Public Utilities Commission Approves New Energy Resources for Xcel Energy
New generation approved in time to take advantage of expiring federal tax credits and save ratepayers money
Governor Polis and Division of Insurance: We Must Find Innovative Solutions to Save Colorado Homeowners Money on Insurance Costs
Today, Governor Polis and the Colorado Division of Insurance (DOI), part of the Department of Regulatory Agencies (DORA), released new data from homeowner insurance carriers showing that in many…
Davis Mortuary Relinquishes License
On October 17, 2025, Davis Mortuary and Davis Crematory, through appointed designee Brian Cotter, permanently relinquished their registrations to operate as a funeral home establishment and crematory…
Related changes
Source
Classification
Who this affects
Taxonomy
Browse Categories
Get Professional Licensing alerts
Weekly digest. AI-summarized, no noise.
Free. Unsubscribe anytime.
Get alerts for this source
We'll email you when CO DORA Press Releases publishes new changes.