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Gomez began soliciting prospective clients in August 2021, offering investment advisory services through K&G Investment Solutions LLC, according to the SEC’s complaint. The regulator said Gomez used the majority of the approximately $9 million received from clients for these purposes, as well as for payments to third parties, employees, referral commissions and cash withdrawals. The SEC filed its civil complaint on July 14, 2025, in the US District Court for the Western District of Texas. It accused Gomez and Helios of violating provisions of the Securities Act of 1933, the Securities Exchange Act of 1934 and the Investment Advisers Act of 1940.
Under the agreements signed by investors, the companies claimed they would actively trade selected exchange-traded funds and individual stocks on clients’ behalf.
Gomez and the companies did not use clients’ money to trade securities, create individual investment accounts or obtain the insurance coverage they had promised, according to the regulator. The SEC said these statements did not identify actual transactions and instead listed values that Gomez had artificially increased. Some investors were persuaded by the statements to send additional money for investment, according to the complaint.
He later used Helios Venture Fund LLC, a company he controlled, to solicit further investments. The SEC described Gomez as a self-identified professional gambler with no known experience investing or managing money on behalf of clients. The SEC alleged that neither K&G nor Helios operated as an investment fund, despite the latter company’s name. Instead, the companies were presented as investment advisers that would manage individual client portfolios. The SEC’s complaint alleged that the promised investment services were never provided. Instead, funds were allegedly placed in bank accounts controlled by Gomez and mixed together. To persuade investors that their money was growing, Gomez allegedly sent them account statements showing increasing balances and fictitious gains. No client funds were transferred to a trading platform. The regulator sought permanent injunctions, the return of alleged ill-gotten gains with interest, and a civil penalty against Gomez. It also sought the return of funds received by Eric and Heather Claxton.
The SEC alleged that the money was used for personal expenses, unrelated business ventures and payments to earlier investors.