Jabez Financial Enters Consent Order With Connecticut
Jabez Financial, Glenn Johnson (CRD 4333813), and Annmarie Savona (CRD 2688571) have entered into a consent order with the Banking Commissioner of Connecticut. In Connecticut the Banking Commissioner has jurisdiction to enforce the Connecticut Uniform Securities Act. The Consent Order alleged that from August 2016 to November 2017, Johnson and Savona sold $2.65 million of unregistered interests in funds offered by Woodbridge Group of Companies, LLC d/b/a Woodbridge Wealth to approximately 22 Connecticut residents and two Massachusetts residents. Woodbridge has been accused by the SEC of being a ponzi scheme.