-
November 25, 2014
Comments (0)
Blog, Securities Fraud
According to Financial Planning, the Financial Industry Regulatory Authority barred former CUSO Financial Services broker, Patrick Richard Harrison, for allegedly participating in a private placement transaction that cost two elderly investors more than $340,000. Harrison allegedly introduced the clients to an
Read More »
-
November 19, 2014
Comments (0)
Blog, Securities Fraud
According to the States Attorney for the District of Maryland, a former LPL broker, Travis Wetzel, pled guilty to wire fraud and money laundering in a scheme that defrauded an elderly client. According to the plea agreement, between July 2010 to September 2012, Wetzel transferred $1,282,224 from an elderly clients
Read More »
-
November 12, 2014
Comments (0)
Publications
At Burt & Max’s Bar and Grille one day this summer, stockbroker Rafael Golan gave a group of elderly people a financial seminar. After his hourlong talk on topics from real estate to annuities, the free food arrived...
Read More »
-
November 12, 2014
Comments (0)
Blog, Securities Fraud
According to InvestmentNews, Massachusetts secretary, William Galvin, is investigating how Realty Capital Securities sold nontraded REITs. Mr. Galvin’s office includes the Massachusetts securities division and is specifically looking at what information investors received when they bought the REITs. Mr.
Read More »
-
November 11, 2014
Comments (0)
Publications
Atlas Energy LP has a deal for investors eager to get in on the U.S. energy boom: Contribute at least $25,000 in a partnership that will drill for oil and gas in Texas, Ohio, Oklahoma and Pennsylvania and then share any revenue from the wells’ output...
Read More »
-
November 11, 2014
Comments (0)
Blog, Securities Fraud
Have you suffered investment losses in City Capital Corporation? If so, The White Law Group may be able to help by filing a claim against the broker dealer that sold you the investment. The SEC recently filed a complaint against the CEO of City Capital Corporation, Ephren W. Taylor, accusing him of operating a Ponzi
Read More »
-
November 11, 2014
Comments (0)
Blog, Securities Fraud
John Towers and VSR Financial Investment Losses The White Law Group announces the filing of another FINRA arbitration claim against VSR Financial involving alternative investments, oil and gas partnerships and non-traded REIT investment losses. The claim, filed by The White Law Group, was submitted to FINRA Dispute
Read More »
-
November 7, 2014
Comments (0)
Blog, Securities Fraud
According to InvestmentNews, the expected default of Puerto Rico Electric Power Authority, or Prepa, has raised concern for some money managers. Approximately one in four U.S. Municipal bond funds hold some exposure in the power utility. The exposures typically account for less than 1% of the various fund’s
Read More »
-
November 6, 2014
Comments (0)
Blog, Securities Fraud
Two more broker dealers have suspended the sales of REITs associated with Nicholas Schorsch, the executive chairman of American Realty Capital. In addition to Securities America, LPL Financial Holdings and AIG Advisor Group have also suspended the sale of select REITs. According to investment News, AIG Advisor Group
Read More »
-
November 5, 2014
Comments (0)
Blog, Securities Fraud
The Securities and Exchange Commission sanctioned 13 brokerage firms for improper sales of Puerto Rico junk bonds. The SEC found that several firms sold the junk bonds below minimum denomination requirements. Minimum denominations are the smallest amount of bonds that can be sold in a single transaction. Due to the
Read More »
