Michigan’s Office of Financial and Insurance Regulation (OFIR) has ordered a Grosse Ile woman to stop selling unregistered investment products. OFIR said that Rita Gosselin and her company, RG Properties and Investments, LLC, were not licensed to sell securities products in Michigan and the products sold were not registered with the state.
“In this environment, Michigan investors have to keep their guard up,” OFIR Commissioner Ken Ross said. “Before purchasing a securities product, call OFIR toll free to check it out.”
Earlier this year, OFIR staff received information from Southgate police that Gosselin was selling unregistered real estate investments in exchange for fraudulent promissory notes.
Michigan investors with questions about an investment firm, professional or product, should contact OFIR toll-free at (877) 999-6442 or online at www.michigan.gov/ofir.
A copy of OFIR’s cease and desist order can be found by clicking here.
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