Financial Services
Surf Financial Group LLCFind BBB Accredited Businesses in Financial Services.
Information and Alerts
Alert Details
This business has 2 alerts.
Government Actions
Department of Justice v David Nava
The following describes a government action that has been resolved by either a settlement or a decision by a court or administrative agency. If the matter is being appealed, it will be noted below.
On October 7, 2020, David Nava, CEO of the Surf Financial Group LLC, entered into a Plea Agreement with the Department of Justice. The Agreement settles allegations that Nava conspired to commit securities fraud, operated an unlicensed money transmitting business, and engaged in tax fraud.
On March 17, 2022, David Nava was sentenced to 12 months for his role in multiple felonies related to the operation of his financial firm, Surf Financial Group, LLC, including conspiring to defraud shareholders of publicly traded companies, transmitting millions of dollars through an unlicensed money transmitting business, and falsifying multiple years of federal tax returns. He was also ordered to pay $3,716,888.27 in restitution.
This action is final.
Licensing
BBB confirmed that Surf Financial Group LLC had not obtained a necessary license from CA Department of Financial Protection & Innovation. BBB encourages you to contact the following agency or agencies to confirm this information: - https://dfpi.ca.gov/ - (866) 275-2677
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