Financial influencer barred from selling in Colorado
A financial influencer who owns a company based in Colorado is barred from selling securities to Coloradans for three years.
Last year, the Colorado Division of Securities received an anonymous tip about a financial influencer who goes by Dr. Connor Robertson. Investigators were able to quickly find him on YouTube where he was heavily marketing his investment companies, like the “My BnB Accelerator” and “Syntacz” channels on YouTube.
“You give him $25,000 and then he’s going to give you 22% in returns by running these Airbnbs, managing them and getting all this money because he has so many properties,” said Tung Chan, Colorado securities commissioner.
Chan said investigators then went undercover, calling Robertson on the phone on Feb. 21, 2023. A consent order laid out what Robertson said while on the phone with investigators.
First, he said that he ran a syndication more than a true fund, which allows him to allegedly avoid major securities laws under the U.S. Securities and Exchange Commission.
“He said something like he makes something like $3.9 million a year through this Airbnb scheme,” Chan said.
The consent order said he also mentioned he has “102 properties between Colorado and Florida” and “32 guys on his management team.”
“Just a lot of numbers that he threw out that made the investment seem really lucrative,” Chan said.
This, plus the fact that he promised a high return on investment, presented many red flags for investigators.
“We then put out subpoenas to his banks and to him,” Chan said.