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September 16, 2013
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Blog, Securities Fraud
Private placements, as the name implies, are privately sold investments most commonly offered by small businesses and start up companies. Private placements are not required to register with the Securities and Exchange Commission (SEC) so long as they comply with industry rules. Since private placements are not
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July 17, 2013
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Blog, Securities Fraud
The Securities and Exchange Commission’s (SEC) recent rule change that lifts the longtime ban on the advertising of private placements has many investor protection groups concerned. Under the new SEC rule, hedge funds and other firms will be able to widely solicit investors for private placement offerings. The
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January 3, 2012
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Blog, Securities Fraud
The Securities and Exchange Commission recently announced that it has amended its rules to exclude the value of a person’s home from net worth calculations used to determine whether an individual may invest in certain unregistered securities offerings. The changes were made to conform the SEC’s definition of an
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December 6, 2011
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Blog, Securities Fraud
In October of this year the Financial Industry Regulatory Authority (FINRA) submitted to the Securities and Exchange Commission (SEC) a proposal for a new rule, Rule 5123, which would have an impact on the offering of private placements. FINRA’s proposed Rule 5123, according to SEC documents, “would require that
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December 2, 2011
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Blog, Securities Fraud
A recent article by Bruce Kelly of the investmentnews.com reported the opinion of Gordon Yale, a forensic accountant, who has served as an expert for dozens of investors who have brought claims against brokerage firms related to the sale of failed private placement investments issued by companies like DBSI, Inc.,
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October 17, 2011
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Blog, Securities Fraud
According to canadiansecuritieslaw.com the Financial Industry Regulatory Authority (FINRA) recently “published proposed amendments to its rules that would require its members and associated persons that offer or sell private placements, as well as those that participate in the preparation of private placement
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April 28, 2011
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Blog, Securities Fraud
According to the Investment News, the Securities and Exchange Commission has alleged that an independent broker-dealer that was a leading seller of private placements that went bust failed to conduct reasonable investigations into the offerings — and pocketed fees for due diligence without adequately researching the
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April 26, 2011
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Blog, Securities Fraud
According to the Investment News, another independent broker-dealer that sold high-risk private placements is hanging on by a thread, with the firm’s management stating grave concerns about the B-D’s future. CapWest Securities Inc. reported in its most recent filing with the Securities and Exchange
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April 15, 2011
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Blog, Securities Fraud
The White Law Group announces that it has filed a Financial Industry Regulatory Authority (FINRA) arbitration statement of claim this week involving investment losses in various private placements, oil and gas partnerships, and real estate tenants-in-common investments. The claim, filed against DeWaay Financial
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March 22, 2011
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Blog, Securities Fraud
According to the Investment News, Ameriprise Financial Inc. is taking preliminary steps to help its beleaguered independent broker-dealer subsidiary, Securities America Inc. On Friday, Securities America’s chief financial officer, Kelly Windorski, testified in a federal court in Dallas that the firm could go
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