Securities Commissioner revokes licenses of investment adviser, firm involved in unlicensed sale of securities for medical treatments

DENVER — Colorado Securities Commissioner Gerald Rome has signed a Final Order revoking the investment adviser license of Denver Capital Management, Inc. (DCM), also known as Bearden Wealth Strategies Group, Bearden Group Wealth Management, and Bearden Wealth Management Group, as well as the individual license of Richard Lynn Bearden. DCM’s offices are in Palmer Lake, and Bearden resides in Monument, Colorado.  


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