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April 30, 2012
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Blog, Securities Fraud
Have you suffered investment losses in Maluhia Eight, LLC (a Hawaii real estate deal)? If so, The White Law Group may be able to help you recover your losses through FINRA arbitration. In 2010, Maluhia Eight declared Chapter 11 bankruptcy in the Northern District of Texas. The White Law Group is investigating the
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April 27, 2012
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Blog, Securities Fraud
Based on a March 2012 letter sent out to Cornerstone Healthcare REIT investors, it appears that Cornerstone Healthcare REIT has changed its name to Sentio Healthcare Properties, Inc. Several non-traded REITs, like Cornerstone, have attempted name changes recently as they attempt to distance themselves from the
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April 26, 2012
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Blog, Securities Fraud
FINRA recently announced that Joel Blumenschein, president of Freedom Investors Corp. and a board member of the Financial Industry Regulatory Authority Inc., has been suspended as a principal of his firm for three months and fined $30,000 in a failure-to-supervise case. Finra alleged that Mr. Blumenschein failed to
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April 26, 2012
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Blog, Securities Fraud
A Financial Industry Regulatory Authority Inc. hearing officer on Wednesday expelled Pinnacle Partners Financial Corp. and barred its president, Brian Alfaro, for alleged fraudulent sales of oil and gas private placements. The hearing officer, Lawrence Bernard, issued a default decision against Mr. Alfaro, who
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April 25, 2012
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Blog, Securities Fraud
Another seller of high-risk private placements has withdrawn from FINRA. According to reports, on April 13, Cambridge Legacy Securities LLC filed its broker-dealer withdrawal request with the Financial Industry Regulatory Authority Inc. A few days later, the firm also filed for bankruptcy protection in the U.S.
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April 23, 2012
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Blog, Securities Fraud
Have you suffered investment losses in a RMC Medstone Capital promissory note? If so, The White Law Group may be able to help you recover your losses through FINRA arbitration. In September of 2011, RMC Medstone Capital investors apparently received a Notice of Default advising them that their investments are now
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April 23, 2012
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Blog, Securities Fraud
According to Casey Research, some exchange-traded funds now on the market have misleading names that don’t reflect their true makeup. Here are some examples of ETFs that, according to Carey Research’s findings, do not invest the way their names seem to indicate: (1) ProShares Hedge Replication (HDG) fund –
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April 23, 2012
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Blog, Securities Fraud
The Labor Department recently entered into a settlement with Morgan Keegan & Co. Inc., following an investigation revealing that the independent broker-dealer accepted payments for recommending funds of hedge funds to plan clients. Under the terms of the settlement, Morgan Keegan was ordered to pay $633,715 to 10
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April 20, 2012
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Blog, Securities Fraud
National Futures Association (NFA) has levied a $75,000 fine against Option Investments, Inc. (otherwise known as OpVest), a Commodity Trading Advisor and an Introducing Broker NFA Member located in Irvine, California. Two principals of the firm, were also sanctioned by NFA, along with several other associated
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April 19, 2012
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Blog, Securities Fraud
The Securities and Exchange Commission recently charged optionsXpress, and online brokerage and clearing agency specializing in options and futures, as well as four officials at the firm and a customer involved in an abusive naked short selling scheme. The SEC’s Division of Enforcement alleges that optionsXpress
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