Alan Brochstein, CFA Sued for Alleged Unfair Business Practices, Conspiracy to Commit Securities Fraud, Aiding Crimes Subject to RICO Act, Aiding Plot to Defraud the United States, Intentional Infliction of Emotional Distress, and Injunctive Relief to Upd

*OCEANSIDE, CA **/ ACCESSWIRE / April 20, 2021 /* NCV Media LLC, operator of NewCannabisVentures.com and 420Investor.com (together "NCV") and its principal and primary blogger, Alan Brochstein, a Chartered Financial Analyst (CFA) ("Brochstein") who "must" follow the CFA Code of Ethics and Standards of Professional Conduct according to CFA Institute, have been sued by the self-represented individual Justin Stearns Beck for 10 causes of action in Orange County Superior Court. Justin is also CEO of public health technology company Contakt World and host of the award-winning podcast on iHeartRadio "Contakt World: Truth in Health." This release is published in his personal capacity, and not on behalf of Contakt World.

According to the complaint allegations, defendants Brochstein and NCV engaged in a long-term, illegal scheme in California involving:

1. Unfair Business Practices Under California Business & Professions Code § 17200 (UCL)
2. Violations of the Securities and Exchange Act of 1934 Rule 10b-5
3. Conspiracy to Commit Securities Fraud Under U.S.C. § 371
4. Civil Conspiracy Under California Law to Commit Securities Fraud Under U.S.C. § 371
5. Civil Conspiracy Under California Law to Commit Racketeering Subject to Racketeer Influenced and Corrupt Organizations (RICO) Act Under U.S.C. § 1961
6. Civil Conspiracy to Defraud the United States Under California Law
7. Aiding and Abetting Securities Fraud
8. Aiding and Abetting Racketeering
9. Aiding and Abetting Plot to Defraud the United States
10. Intentional Infliction of Emotional Distress

The complaint cites Brochstein and NCV's solicitation for advertising services of Plaintiff and CTI using CFA credentials in California which was declined twice, leading to negative coverage of Plaintiff and issuer CTI Defendants Brochstein and NCV allegedly decline to update its coverage following the May 2, 2017 article citing Dr. Mohammed Zakhireh in a broader conspiracy and aiding and abetting a scheme involving defrauding the SEC, and a failure to cover 23 (twenty-three) different enumerated material events that demonstrably show innocence of Plaintiff and allegedly a lack of neutrality and objectivity of Brochstein and his publisher NCV.

In addition to damages, the complaint seeks to permanently enjoin Alan Brochstein, CFA and New Cannabis Ventures from publishing articles that lack adequate disclosure of their solicitations for payment from companies, which the complaint cites is the "more strict, law, rule, or regulation" to which a CFA "must" comply to avoid misleading investors who may erroneously believe New Cannabis Ventures or Alan Brochstein, CFA's articles are neutral.

*Download the Complaint*

The complaint also includes a detailed accusation drafted by Beck that was submitted to the California Supreme Court against three attorneys who have been involved in a list of cases amidst directly adverse parties in the same court with conflicting allegations, at least one of whom was communicating directly with Brochstein. Most of these cases resulted in disqualification of the Attorneys for violations of the Rules of Professional Conduct. In one case, several Alleged Co-Conspirators are alleged to have been criminally extorted by the Attorneys in exchange for manufactured evidence. Plaintiff alleges Brochstien and NCV were involved in the scheme as evidenced by their ongoing refusal to update their coverage despite their alleged requirement to do so when they used their CFA credentials to solicit Plaintiff for business services (advertising).

Plaintiff Justin Stearns Beck provided this statement:

"There are approximately 70,700 followers of Mr. Brochstein on Seeking Alpha, 33,400 followers on Twitter, 14,680 followers on LinkedIn, 11,990 on Facebook, and 2,124 have rated or reviewed his 420 Investor email service. It is unknown how many other people or private and public issuers might be affected through "NY Times, Wall Street Journal, Fox Business, or Bloomberg TV" for which Mr. Brochstein purports to be a frequent source, but it seems these outlets reach more than 250,000,000 people. I am just a regular person trying to influence positive change in our world and won't stand for injustice by people who allegedly hide behind credentials as if it were a license to do or say whatever they want - especially when they are required to be objective."

"I believe tens of thousands of investors' rights have been violated, and the City of Coachella was robbed of critical economic development and hundreds of jobs because I failed to pay Mr. Brochstein for advertising services twice resulting in his campaigns of coverage under the false guise of neutrality using a CFA designation. Those affected by this deserve a fair and independent investigation if the cannabis industry is to continue its momentum. This is why I have chosen to stand up and fight on behalf of myself, others affected, the City of Coachella, entrepreneurs, and investors everywhere on this April 20, 2021."

Investors should be extremely diligent when considering purportedly neutral content they consume and the potentially undisclosed motivations of bloggers or writers. Readers - especially investors influenced by articles or "alerts" published by New Cannabis Ventures, 420 Investor, or Alan Brochstein, CFA on information and belief - are also urged to understand the heightened standards and rules to which a CFA must comply according to their accreditation and purported neutrality, which can be found through CFA Institute. A CFA is required to know "all laws" in each jurisdiction in which they operate (California and the United States, in this instance) - and provide disclosures of "all" matters that might affect their objectivity in coverage.

On information and belief as so alleged by Beck, issuers should also be cautious when solicited for advertising and the potential implications of declining the services of Alan Brochstein, CFA or sites he controls. The NewCannabisVentures.com website and the paid 420 Investor e-mail service purportedly include in some capacity the highly regarded website Benzinga.com - although it is not known if Benzinga is aware of the allegations or underlying facts involving Brochstein as a CFA outlined in the complaint, or the heightened standards of disclosures the CFA Institute requires when using the CFA designation in commerce.

Beck previously documented his complaint to CFA Institute, although it does not appear they enforced their Code of Ethics or Standards of Professional Conduct, much like the California State Bar failed to act in Beck's complaint regarding the Attorneys referenced in his Complaint. Plaintiff alleges these are civil torts, though, in California Unfair Competition Law, and that the broader implications of Defendant Brochstein and NVC's selective publication alleged demonstrate a pattern of conspiracy and aiding and abetting the Alleged Co-Conspirators from May 2, 2017 to present. Plaintiff alleges they may give rise to criminal prosecution, too.

*Justin Beck is CEO of **Contakt World** and Host of **Contakt World: Truth in Health** - which tackles topics surrounding the pandemic, social justice, health equity, and data genocide. This release is issued in his personal capacity in pursuit of justice, and not on behalf of the issuer Contakt World.*

ABOUT JUSTIN STEARNS BECK. Based in Oceanside, California, Justin leverages his experience as an entrepreneur and passion for human rights to stand up for what he believes in. He is not afraid to get in "good trouble" as John Lewis put it. Before shifting his focus to improving public health and reducing racial and ethnic disparities in the healthcare system in 2020 through the founding of Contakt World (www.contakt.world), he was involved in a variety of industries including legal cannabis, travel, and media. Justin is the host of Contakt World: Truth in Health, a two-time AVA award-winning podcast produced in partnership with iHeartRadio in which he and his co-hosts have interviewed health icons like Dr. Peter Hotez, world-renowned vaccinologist; Daniel E. Dawes, health equity champion; Dr. E. Oscar Alleyne, Chief of Programs and Services for National Association of County and City Health Officials (NACCHO); Dr. Seema Yasmin, Emmy-award winning journalist; Abigail Echo-Hawk, Director of Urban Indian Health Institute; Dr. Lawrence T. Brown of the Black Butterfly Project, and Dr. Paul Bajwa, emergency room physician. Contakt World is a diamond sponsor for NACCHO, and its core product "Smart Health RM" won a BIG Innovation Award in 2021. Justin's story is that of overcoming significant adversity including a lack of formal education, a (since-expired) SEC injunction, and frivolous litigation as cited within his Complaint. Justin is motivated by socioeconomic impact, namely, advancing opportunities and empowerment for LGBTQ+ and marginalized populations from main street to Wall Street. He has a diverse skillset ranging from team building, investor relations, shaping legislation, innovation, operations, corporate development, fundraising, mergers and acquisitions. His passions include human rights, health equity, drug reform, racial equality, world travel, low-cost housing, access to healthcare as a fundamental human right, and legal, religious use of entheogens. He recently founded Contakt World Foundation to raise money for racial and ethnic minority families who lost a loved one to Covid-19, which is pending 501(c)3 status. He lives with his boyfriend of 12 years and future husband Brian and their four cats - Spartacus, Snookie, Salem, and Sinbad - in Oceanside, California.

*DISCLAIMER*

This text block is one of several areas that Plaintiff alleges Defendants should have disclosed the two solicitations for advertising services sent to CTI and Plaintiff by Mr. Brochstein and NCV which allegedly caused the negative coverage and several other frivolous lawsuits by Attorneys in California who are presently under investigation by the California State Bar, on information and belief. Despite using their CFA credentials in commerce in California for the payment of advertising services, Defendants have not written about over *23 different material events* that have occurred since Defendants' last article about CTI and Plaintiff on May 2, 2017, which Plaintiff alleges evidences an active ongoing conspiracy and/or aiding and abetting civil and criminal conduct by Defendants with the Alleged Co-Conspirators, giving rise to material compensatory, punitive, exemplary damage claims and injunctive relief in California pursuant to the UCL and California law for conspiracy according to Plaintiff in his Complaint. Justin Beck notes the structure of this article nearly mirrors (without plagiarizing) Mr. Brochstein's May 2, 2017 article quoting Zakhireh, although the allegations appear to be much more severe and evidenced.

This article, the Complaint of Justin Stearns Beck against Alan Brochstein and NCV Media, and any of its attachments or exhibits are not intended as an offer to buy or sell securities in any jurisdiction. Plaintiff owns shares in Contakt World Technologies Corp. as a founder.

*CONTACT:*

Contakt LLC
Justin Beck
justintimesd@gmail.com
760-449-2509

*SOURCE: *CONTAKT LLC
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