SEC: Brighton man ran Ponzi trading scheme targeting Air Force cadets

BRIGHTON — The U.S. Securities and Exchange Commission has settled a case of an alleged ponzi scheme run out of Brighton that in part targeted Air Force Academy cadets.

In a complaint filed to the U.S. District Court of Colorado Monday, the government agency alleges Brighton resident Milton Dosal, 29, began soliciting funds for a penny stock day-trading operation in December 2017.

Day trading is a market strategy wherein a trader aims to buy and sell the same stock within the same trading day, hoping to find marginal gains off highly volatile stocks.

Dosal does…