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January 31, 2018
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Current Investigations, Securities Fraud
James Polese and Cornelius Peterson Allegedly stole $500 K from 2 clients Two former Morgan Stanley brokers in Boston have purportedly agreed to plead guilty on fraud charges, according to the U.S. Attorney’s Office in Massachusetts. This comes after the pair was fired in June for allegations of misappropriating
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January 31, 2018
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Blog, Current Investigations
Mackenzie Realty Capital – Tender offer – Summit Healthcare REIT Did you lose money investing in Summit Healthcare REIT at the recommendation of your financial advisor? The White Law Group continues to investigate broker dealers who may have unsuitably recommended high risk REITs like Summit Healthcare
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January 30, 2018
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Current Investigations
FINRA Bars Matthew Kerby and Matthew Peregoy for Separate Matters According to the Financial Industry Regulatory Authority (FINRA), the regulator has barred two brokers for failing to provide information connected to alleged misuse of funds. This information comes from two separate letters of acceptance, waiver and
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January 30, 2018
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Blog, Securities Fraud
Regulator Tackles Elder Fraud Issue According to the Financial Industry Regulatory Authority (FINRA), a new regulation will take effect on Feb. 5, 2018. The rule requires that brokers make a reasonable effort to identify a trusted person who can be contacted if the broker is concerned that the client is suffering from
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January 30, 2018
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Current Investigations, Securities Fraud
Ex-Financial Adviser Charles Banks serves Prison Sentence for Fraud According to reports this week, Spurs star Tim Duncan, finally settled his lawsuits against his ex-financial advisor Charles Banks. Banks was accused of defrauding Duncan out of $20 million and now is serving a four-year prison sentence. Duncan is
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January 30, 2018
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Current Investigations
Recover your Losses in ARC New York City REIT Are you concerned about your investment in ARC New York City REIT? The White Law Group continues to investigate potential claims regarding broker dealers who may have unsuitably recommended high risk REITs such as ARC New Work City REIT to investors. According to SEC
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January 29, 2018
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Current Investigations, Securities Fraud
SEC Charges James C. Tao with Defrauding Private Equity Fund Investors According to the Securities and Exchange Commission on December 5, 2017, former financial advisor James C. Tao agreed to settle charges that he defrauded investors in Presidio Venture Capital. According to the complaint, Tao created and managed the
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January 26, 2018
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Current Investigations
Secondary Market Listing – Baqua Inc. – $2.24/share Are you concerned about your investment in Baqua Inc.? The White Law Group is investigating potential claims involving broker dealers who may have unsuitably recommended high risk private placement investments such as Baqua Inc. Inc. According
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January 26, 2018
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Blog, Current Investigations
Hospitality Investors Trust Inc. – $10.00/share The White Law Group continues to investigate potential claims involving broker dealers who may have unsuitably recommended Hospitality Investors Trust Inc. to investors. Hospitality Investors Trust is publicly registered non-traded real estate investment trust. The
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January 26, 2018
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Current Investigations, Securities Fraud
FINRA Alleges Joseph C. Farah Churned Customer’s Account According to the Financial Industry Regulatory Authority, on January 17, 2018, Joseph C. Farah (CRD#: 2978633, Irvine, CA) submitted an Offer of Settlement consenting to FINRA’s findings and is permanently barred from working in the securities industry.
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