UNITED STATES SECURITIES AND EXCHANGE COMMISSION

The Securities and Exchange Commission ("Commission") deems it appropriate and in the public interest that public administrative proceedings be, and hereby are, instituted pursuant to Section 15(b) of the Securities Exchange Act of 1934 ("Exchange Act") against Bradley M. Holts ("Respondent" or "Holts"). The Division of Enforcement alleges that between February 2021 and May 2021, Holts misappropriated $186,382 from three elderly investor customers (the "Three Investors"). Holts falsely told these investors that he would invest their money in securities of mutual funds offered by the investment management firm Invesco Ltd. ("Invesco"). In fact, Holts stole the investors' money and used the money to pay personal expenses, including for clothing, tanning salons, adult and dating websites, and a divorce lawyer. Holts has not repaid the Three Investors. On February 27, 2023, the Commission filed a complaint in the United States District Court for the Eastern District of Texas, Beaumont Division, against Holts alleging that his conduct violated Section 17(a) of the Securities Act of 1933 ("Securities Act"), and Section 10(b) of the Exchange Act and Rule 10b-5 thereunder. See SEC v. Bradley Morgan Holts, Case No. 1:23-cv-00081 (E.D. Tex.). Holts did not respond to the Commission's complaint. On October 11, 2023, the district court entered a final judgment by default against Holts that (1) permanently enjoins him from violations of Section 17(a) of the Securities Act, and Section 10(b) of the Exchange Act and Rule 10b-5 thereunder, (2) orders Holts to pay disgorgement in the amount of $186,382 plus prejudgment interest in the amount of $18,005.31, and (3) imposes a civil penalty on him in the amount of $186,382.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Plaintiff Securities and Exchange Commission (the "SEC") alleges that Defendant Bradley Morgan Holts ("Holts" or "Defendant"), while a registered representative associated with a broker-dealer based in Denver, Colorado (the "Broker-Dealer"), misappropriated $186,382 from three elderly investor customers (the "Three Investors"). Holts falsely told these investors that he would invest their money in securities of mutual funds offered by investment management firm Invesco Ltd. ("Invesco"). In fact, Holts stole the investors' money and used the money to pay personal expenses, including for clothing, tanning salons, adult and dating websites, and a divorce lawyer. The Three Investors have never been repaid. As a result of the conduct described in this Complaint, Holts violated, and unless restrained and enjoined will continue to violate, the anti-fraud provisions of Section 17(a) of the Securities Act of 1933, and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder.

Judgment Rendered

Civil and Administrative Penalty(ies)/Fine(s)

Disgorgement

$186,382.00

Monetary Penalty other than Fines

Injunction

FINRA

Respondent Holts failed to respond to FINRA request for information.

Letter

Bar (Permanent)

All capacities

Indefinite

11/1/2021

Pursuant to FINRA Rule 9552(h) and in accordance with FINRA's Notice of Suspension and Suspension from Association letters dated July 28, 2021 and August 23, 2021, respectively, on November 1, 2021, Holts is barred from association with any FINRA member in all capacities. Holts failed to request termination of his suspension within three months of the date of the Notice of Suspension; therefore, he is automatically barred from association with any FINRA member in all capacities.

WORLD CAPITAL BROKERAGE, INC.

Discharged

Bradley Holts failed to respond to multiple requests for information in connection to a FINRA matter which is in violation of World Capital Brokerage, Inc's Supervisory Procedures in connection with requests made by FINRA. In the FINRA request dated July 8, 2021, Mr. Holts was informed that he is in violation of FINRA Rule 8210.

RETALIATION

Dismissed