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It’s a no pressure, relaxed setting where you can actually talk face-to-face.Yet the firm continues to sell these investments to clients in the U. According to the SEC, Churchfield earned 0,000 in commissions selling the promissory notes in Minnesota in 2015.That was his sole source of income, the SEC said, and Providence paid the rent for his office after he started selling the notes.Providence is listed as a defendant in the civil complaint, as is Jeffory Churchfield, a Forest Lake resident who runs Infinity Income, a financial advisory firm in St.
Louis Park that has sold the Brazilian securities to Minnesota investors since 2013.To protect investors and prevent additional losses, the SEC asked Tuesday for a temporary restraining order against the sale of any of the promissory notes.