October 2, 2012 Comments (0) Blog, Securities Fraud

Recovery of Scott Pionk Ponzi Scheme Losses

Have you suffered investment losses in the Scott Pionk ponzi scheme?  If so, The White Law Group may be able to help you recover your losses through FINRA arbitration.

From January 15, 2003 through March of 2009, Pionk worked as a financial advisor with Michigan Securities, Inc. According to reports, from January to June 2009, Pionk sold bonds for a program titled “Government Properties Trust” under the pretense that the investments were government backed. In reality, no such program existed and Pionk was using the money he raised for his own personal expenses.

When a FINRA affiliated broker conducts business outside of the firm with whom he is registered the activity may be considered “selling away.” If a registered broker “sells away” from his firm, the firm may still be liable for negligent supervision of their broker representative and may be responsible for investment losses in a FINRA dispute resolution claim.

If you invested with Scott Pionk while he was registered with a FINRA member brokerage firm, you may be able to recover your losses.  For a free consultation with a securities attorney, please call 312/238-9650.

The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Boca Raton, Florida.

For more information on The White Law Group, please visit our website at http://www.whitesecuritieslaw.com.

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