SEC Charges Unregistered Broker Who Sold Woodbridge Securities to Retail Investors(HedgeCo.net) (HedgeCo.Net) The Securities and Exchange Commission charged Charles Nilosek, a Massachusetts-based external sales agent for Woodbridge Group of Companies LLC, with illegally selling Woodbridge securities to retail investors while acting as an unregistered broker. According to the complaint, Nilosek was among Woodbridge’s top revenue producers. The SEC previously charged Woodbridge and its former owner, Robert H. Shapiro, and Woodbridge’s other highest-earning unregistered brokers. In January, a federal court in Florida ordered Woodbridge, related companies, and Shapiro together to pay $1 billion for operating this Ponzi scheme. The SEC also charged Woodbridge’s two former directors of investments for their roles in Woodbridge’s Ponzi scheme.