Jeffrey Ward

Attorneys at ChapmanAlbin are investigating fraudulent practices by Jeffrey Ward, a former account executive at Red Rock Secured, LLC, following the Securities and Exchange Commission’s (SEC) recent enforcement action. The SEC has charged Ward with making misleading statements to retirement investors, resulting in significant financial harm.

From January 2017 to September 2022, Jeffrey Ward worked as an account executive at Red Rock Secured, LLC. During this time, Ward and Red Rock acted as unregistered investment advisers, targeting hundreds of retirement account investors. They persuaded these investors to sell their existing securities and transfer the proceeds into self-directed individual retirement accounts (IRAs) to purchase gold or silver coins.

According to the SEC’s amended complaint, Ward and Red Rock made materially false and misleading statements regarding the value of the coins, the markups charged on these coins, and the overall performance of the stock market. Ward and his team promoted “premium” coins to clients under deceptive pretenses, creating the illusion of safer, higher-value investments. These tactics resulted in significant financial losses for investors, many of whom were relying on their retirement savings.

In April 2024, a federal court entered a final judgment by consent against Ward, permanently enjoining him from future violations of federal securities laws. As part of the settlement, Ward has been barred from associating with any broker, dealer, or investment adviser under Section 203(f) of the Investment Advisers Act of 1940.

If you or someone you know has been affected by fraudulent investment practices involving Red Rock Secured, LLC, or Jeffrey Ward, contact ChapmanAlbin today. We are committed to helping victims of investment fraud recover their losses. Our team offers free consultations to evaluate your case and provide legal guidance on the next steps.