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SAN DIEGO (CNS) - The CEO of a La Jolla-based financial services firm pleaded guilty Wednesday to defrauding shareholders, falsifying tax returns and operating an unlicensed money services business.David Nava, head of Surf Financial Group LLC, worked with others to convert publicly traded companies' debt into unrestricted stock under false pretenses, and then sold the stock, despite being banned since 1994 by federal securities regulators from taking part in the securities industry, according to federal prosecutors.Prosecutors say Nava, 62, directed others to write fraudulent attorney opinion letters that facilitated removing restrictions on stocks so they could be sold, in circumvention of the U.S. Securities and Exchange Commission's regulations on the offer and sale of securities.The Department of Justice said brokerage firms cleared the sale of shares of the restricted stocks on the basis of those letters, allowing Nava and others to sell millions of shares, then move the proceeds into bank accounts under his control.In addition to his plea to a federal count of conspiracy to commit securities fraud, Nava also pleaded guilty to operating an unlicensed money transmitting business, which he used to move millions of dollars in financial proceeds, and a tax fraud count for falsifying federal tax returns from 2014 to 2016, in which he underreported Surf Financial's profits in order to conceal his true income and tax liability, according to the Department of Justice.Sentencing is slated for Jan. 8 in San Diego federal court. 1556

SAN DIEGO (CNS) - The San Diego Humane Society released a series of tips to help keep pets safe this holiday season."With the bustling holiday season upon us, San Diego Humane Society reminds pet owners to consider their pets' safety when decking the halls," an SDHS release said. "Holiday decorations, seasonal plants and festive treats can sometimes be harmful for pets."Some of the tips to keep in mind this Christmas:-- Sharing holiday goodies with animals can be dangerous. Too much fatty or rich food can lead to digestive problems. Some foods, such as onions, grapes/raisins and chocolate can be toxic-- Ask guests not to share food with pets. They may mean well, but it is important to remind them of the potential dangers. Prepare sealed snack bags in advance and let guests use those treats instead of sharing from their plates-- Christmas trees can be hazardous, particularly for climbing cats, so make sure the tree is secure and preferably in a corner-- Dangling tree ornaments can seem like great toys to cats and dogs. Keep dangerous ornaments such as glass and tinsel -- which can be a choking hazard -- on high branches, out of the reach of little paws. Cords from lights should be taped down or otherwise secured to prevent pets from chewing on them-- Keep an eye on items under the tree. Don't let pets drink water from the base of a live tree as it may be stagnant and contain bacteria. Ribbons and bows can be a choking hazard and any packages filled with edible gifts are likely to be discovered-- A number of holiday season plants are toxic or can cause digestive upset to pets if nibbled or eaten, including amaryllis, Christmas cactus, Christmas rose, evergreens, holly, ivy, juniper, lilies, mistletoe and poinsettias. Be sure all plants are kept out of reach of pets-- Burning candles should be placed high, out of any pet's way. A dog's tail wag or a cat's curiosity could be devastating. Homes with fireplaces should use screens to avoid accidental burns-- Pets can get stressed with noise and activity. Give a pet a quiet, secure place with a bed and their favorite toys to escape the commotion. Put food, water and a litter box for cats in that space-- Holiday distractions may make it easier for pets to escape through open doors. Keep pets safely indoors and always make sure they're wearing current ID tags with a phone number and that their microchip information is up to date-- Pets thrive on routine and increased activity during the holiday season can upset that routine. Keep pets on their regular schedule for feeding and exercise and be sure they get plenty of love and attention-- Holiday sweaters may seem irresistible, but if a furry friend does not enjoy dressing up, let them be themselves 2743

SAN DIEGO (CNS) - San Diego Loyal SC is scheduled to resume play Saturday evening, facing Sacramento Republic FC at Torero Stadium three days after both teams had games postponed because of positive coronavirus tests by LA Galaxy II.SD Loyal's game Wednesday against LA Galaxy II at Dignity Health Sports Park in Carson was postponed after individuals scheduled to be involved in the game tested positive for COVID-19 as part of weekly routine testing, USL Championship announced.The individuals were immediately isolated at home, demonstrating no symptoms, and in good spirits under the care of team physicians, according to the league. All league, local and state health and wellness protocols were being followed, the league reported.USL Championship also postponed Wednesday's Republic FC-Orange County SC game scheduled for Sacramento after the league was notified of a positive COVID-19 test result from a "previous opponent."Republic FC lost to LA Galaxy II, 1-0, last Saturday.USL Championship announced on Thursday that 11 "covered persons" with LA Galaxy II had tested positive in testing conducted Tuesday.USL health and safety protocols require all covered persons to undergo weekly testing. All tests for LA Galaxy II before Tuesday had been negative, according to the league."There are a lot of adjectives to describe the last 24 hours, certainly wild, crazy," SD Loyal coach Landon Donovan said on Thursday. "But most of all I'm happy about how our team handled it because it was not easy. There were a lot of ups and downs."SD Loyal personnel were tested again Thursday and all were negative, Donovan said. The team has not had a positive test result, Donovan said.Like most other sporting events around the world, fans will be barred from the Division II men's soccer game under public health directives prohibiting public events and gatherings because of the coronavirus pandemic.The 7 p.m. game will be televised by The CW San Diego and ESPN+. 1970

SAN DIEGO (CNS) - The city of San Diego will begin enforcing parking regulations again starting Oct. 1 with a two-week grace period before full enforcement Oct. 15.The city temporarily suspended parking enforcement on March 16 following the COVID-19 stay-at-home order. Multiple attempts in the following months to reinforce parking regulations have been thwarted by ongoing shutdown orders.In developing a plan to restart parking enforcement, city staff consulted with several business groups representing communities across San Diego.Starting Thursday, the city will issue written warnings for vehicles parked in violation of:-- Posted street sweeping routes-- Metered parking restrictions-- Curb time limits-- Commercial zonesCitations will continue to be issued for vehicles parked illegally at red, white and blue painted curbs. Drivers are encouraged to follow posted signage when looking for a parking space.Although street sweeping has continued during the public health emergency, the resumption of enforcement will allow city sweepers to sweep debris and dust pollution along the curb line to maintain improved water quality and reduce the potential for flooding as the rainy season approaches.During the two-week grace period, courtesy notices will be distributed to inform residents of the enforcement restart. 1330

SAN DIEGO (CNS) - San Diego's utilities future remains undecided after the City Council debated terms for a franchise agreement for its electric and natural gas provider this week.The council was asked Thursday to agree on the terms it was looking for in the agreement for one of the city's most valuable assets, valued at more than .2 billion.San Diego Gas & Electric has been the sole provider of natural gas and electric utility services for San Diego since 1920. The current franchise agreement, finalized in 1970, is set to expire Jan. 17, 2021. San Diego is California's largest city to have franchise agreements with its utilities.The terms, had they been approved Thursday, would have opened the bidding process for any interested entities to bid on the franchise agreement. They were presented to the council for input and did not technically require council approval.In the coming weeks, the city will release the final terms of the bid document, which will include input received from the public and the council, and the bidding process will begin, officials with Mayor Kevin Faulconer's office told City News Service on Saturday.Once bidding is concluded and a franchise is awarded, the agreement will go to the full council, requiring two-thirds approval.Howard Golub, a consultant for JVJ Pacific Consulting, which the city hired to analyze its needs, recommended the minimum bid in the terms should be million -- low enough to encourage bids but not so low the city and its residents are suffocated by high rates and later surcharges with no money back to show for it, he said."This is the floor, not the ceiling," Golub said.Golub also recommended franchise fees of 3.5% for natural gas and 3% for electric and a 20-year term with the bidder the city chooses.SDG&E is owned by Sempra Energy, an international corporation based in San Diego. Warren Buffett-owned Berkshire Hathaway has expressed interest in the bidding process.An initial proposal by Council President Georgette Gomez was rejected 6-3. It included a provision similar to that of Chula Vista, with a 10-year deal with an automatic renewal if the franchisee had been a "good partner."An amendment by Councilwoman Monica Montgomery raised the minimum bid from the 1% of total value of million to 5%, or 0 million. It also included a climate equity fund and the provision to make the highest bidder subject to collective bargaining from employees who were working for SDG&E -- in case that company does not win the bid."We can't be working toward a just climate future if our partner undermines that," Gomez said.Councilwoman Jennifer Campbell then proposed terms to accept all of JVJ's recommendations with the option to "explore" the climate equity fund. This failed 5-4, with multiple council members switching votes during discussion as amendments were added and removed.Councilman Chris Cate asked for a provision to see and consider all bids for the franchise agreement regardless of the bid offered -- dependent on how closely each bidder met the city's terms.Councilwoman Vivian Moreno said the lack of concrete plan to establish and fund the climate equity fund -- which she said would be funded by the minimum bid and would add "green" elements to portions of the city often underserved -- was automatically unacceptable for her.The council's lack of consensus prompted some speculation about the possibility of municipalizing the city's gas and electric services."I recommend a franchise agreement first," Golub said. "And if that's not feasible, move to a publicly owned utility."High interest rates in 1970 prevented the city from seriously examining that route, but much lower interest rates now make a public-owned utility more feasible, Golub said.According to valuations by business process management company NewGen, the city could buy out SDG&E's infrastructure at a fair market rate of just over billion.According to Golub's recommendations, the city should not do what it did in 1970 -- accept a franchise agreement it wasn't happy with because SDG&E was the sole bidder.More than 80 members of the public called in to the meeting to express support for a franchise renewal of SDG&E or for municipalization.The callers were fairly evenly split, with many of the calls in support of extending the existing franchise agreement with SDG&E coming from employees with the company or those representing the International Brotherhood of Electrical Workers local representing SDG&E workers.They claimed maintaining jobs, 100 years of history with the city and "keeping it local" as reasons to renew the franchise as soon as possible for 20 years or more.Opponents to moving any franchise agreement forward claimed SDG&E's perceived lack of reliability, its high utility costs and its parent company's involvement in fracking are all reasons to avoid franchising with SDG&E.Some of them made impassioned pleas to municipalize the city's gas and electric, essentially making the city take on the burden of providing the utilities.One man urged the council to vote no and do further study on the potential of municipalization and the ramifications of not doing so."When this goes sideways, and it will, you can't say you didn't know," he said. 5295