Gauntlet Holdings, LLC; Darrell W. Rideaux; Ali Derakhshanfar

Key Information The Securities and Exchange Commission (SEC) filed charges against Gauntlet Holdings, LLC, Darrell W. Rideaux, Ali Derakhshanfar, and Sal N. Ortiz for allegedly engaging in offering fraud. Main Purpose The SEC seeks to hold the defendants accountable for their alleged involvement in two fraudulent schemes, one involving the sale of non-existent promissory notes and the other an investment scheme that failed to pay a victim any profit or return on investment. Impact and Compliance Considerations The case highlights the importance of due diligence and accurate representation in financial transactions. The SEC's action aims to protect investors from potential harm caused by unscrupulous individuals and companies, emphasizing the need for strict compliance with securities laws and regulations.