Thurman Bryant & Bryant United Capital Funding, Inc. (BUCF)—Mortgage Investment SceneThurman Bryant & Bryant United Capital Funding, Inc. (BUCF)—Mortgage Investment Scene

Thurman P. Bryant, III & His Company Bryant United Capital Funding, Inc. (BUCF) Allegedly Orchestrated a $23 Million Mortgage Investment Scheme Involving up to 100 Investors

Thurman P. Bryant, III and his company Bryant United Capital Funding, Inc. (BUCF) allegedly orchestrated a $23 million mortgage investment scheme involving up to 100 investors, according to an SEC Complaint currently under review by attorneys Alan Rosca and James Booker.

Investors who believe they may have lost money in activity related to Thurman  Bryant’s alleged mortgage investment scheme are encouraged to contact attorneys Alan Rosca or James Booker with any useful information or for a free, no obligation discussion about their options.

The Peiffer Rosca Wolf securities lawyers are currently investigating Thurman Bryant’s alleged mortgage investment scheme.

Bryant purportedly brought in $23 million but allegedly did not invest money in mortgages, but rather to a confederate of high-risk trading, the aforementioned Complaint reports.

Bryant Allegedly Promised a Risk-free 30 Percent Return; Bryant Claimed that Investor Funds would be Held in Escrow as “Proof of Funds” to Borrow Money to Finance Mortgages

Bryant allegedly promised investors a risk-free 30 percent return, and also allegedly also told them that their funds would be held in escrow as “proof of funds” to help borrow money to finance mortgages, according to the aforementioned Complaint currently under review by attorneys Alan Rosca and James Booker.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged investment fraud and are currently investigating Thurman Bryant’s alleged mortgage investment scheme. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of Thurman Bryant’s alleged mortgage investment scheme contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com.

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Sean Hawkins– Alleged Sales of Unregistered Promissory Notes

Sean Hawkins Allegedly Made Sales of Unregistered Promissory Notes; Hawkins Allegedly Sold over $12.5 Million in Securities to 130 Investors

Sean Hawkins, of Colorado Springs-based ASI Capital, allegedly sold more than $12.5 million in securities to 130 investors, between 2012 and 2014, according to Documents from the Colorado Division of Securities currently under review by attorneys Alan Rosca and James Booker.

Peiffer Rosca Wolf securities practice lawyers are investigating investment recovery options on behalf of investors in issues related to Sean Hawkins’ alleged sales of unregistered promissory notes.

Investors who believe they may have lost money in activity related to Sean Hawkins’ alleged sales of unregistered promissory notes are encouraged to contact attorneys Alan Rosca or James Booker with any useful information or for a free, no obligation discussion about their options.

The aforementioned notes were allegedly not properly registered and were sold via an unlicensed broker-dealer, Accelerated Wealth, which also employed unlicensed sales agents, according to the Colorado Division of Securities.

Sean Hawkins Allegedly Ordered by the Colorado Division of Securities to Pay $300,000

Sean Hawkins allegedly agreed to a settlement with the Colorado Division of Securities to stop selling unregistered promissory notes and to also pay the agency $300,000, according to the aforementioned Documents currently under review by attorneys Alan Rosca and James Booker.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged investment fraud and are currently investigating Sean Hawkins’ alleged sales of unregistered promissory notes. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of Sean Hawkins’ alleged sales of unregistered promissory notes may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com.

 

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ARC New York City REIT—Unsuitable Investment Recommendations Investigation

American Realty Capital (ARC) New York City REIT, Inc. is Offering its Shares Via a Secondary Market for Private Placement; Broker Sales Practices Investigated

Have you or a loved one invested funds in ARC New York City REIT? American Realty Capital (ARC) New York City REIT, Inc. has offered its shares to investors through a private placement, according to reports currently under review by investor right attorneys Alan Rosca and James Booker.

Peiffer Rosca Wolf securities practice lawyers are investigating the sales practices of certain brokerage firms and investment professionals that may have improperly recommended and sold ARC New York City REIT to their customers, without first ensuring that the recommendations were suitable to those investors. No allegations of misconduct are made as to ARC NYC REIT.

Licensed stockbrokers may only recommend to their customers investments that are suitable for those investors, in view of their risk profile and investment experience, among others. Investors who believe they may have been improperly recommended ARC New York City REIT, are encouraged to contact attorneys Alan Rosca or James Booker with any useful information or for a free, no obligation discussion about their options.

American Realty Capital New York City REIT, Inc., a development stage company which invests in real estate properties, is valued at $785 million, had an IPO price of $23.75 and the Company’s Board allegedly approved an estimated net asset value of $21.25 per share, according to reports presently under review by attorneys Alan Rosca and James Booker.

ARC New York City REIT is a Maryland corporation formed on December 19, 2013 and invests in properties located in the five boroughs of New York City, with a focus on Manhattan, according to ARC New York City’s Prospectus.

In comparison to traditional investments such as stocks and mutual funds, non-traded REITS typically incorporate a larger degree of risk, in addition to lack of liquidity. A significant number of investors may not aware of the risks associated with REITs.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of improper or unsuitable investment recommendations and are currently investigating the sales practices of certain brokerage firms and investment professionals that may have improperly recommended and sold ARC New York City REIT to their customers without first ensuring that the recommendations were suitable to those investors. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they have lost money as a result of improper recommendations to invest in ARC New York City REIT may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998- 0520 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com.

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Michael Patrick Spolar, Purportedly While Registered with LPL, Allegedly Exercised Discretion in at Least 6 Customer Accounts that Were Unrelated, Non-discretionary Accounts

Michael Patrick Spolar, purportedly while registered with LPL, and between February 28, 2013 and April 13, 2015, allegedly exercised discretion in at least 6 customer accounts that were unrelated, non-discretionary accounts, according to a Complaint from FINRA’s Department of Enforcement currently under review by attorneys Alan Rosca and James Booker.

Peiffer Rosca Wolf securities practice lawyers are investigating investment recovery options on behalf of investors in issues related to Michael Patrick Spolar’s alleged discretion in customer accounts.

Investors who believe they may have lost money in activity related to Michael Patrick Spolar’s alleged discretion in customer accounts are encouraged to contact attorneys Alan Rosca or James Booker with any useful information or for a free, no obligation discussion about their options.

Spolar, of Cleveland, Ohio, was purportedly terminated after his alleged activities were discovered by LPL, the AWC notes. Next, whilst working at IAA, Spotar then allegedly continued to exercise discretion in non-discretionary customer accounts, the AWC reports.

Spolar admitted to allegedly exercising discretion in at least 10 customer accounts at IAA between July of 201 5 and March of 2016, including 4 customers’ accounts that he had allegedly exercised discretion in at LPL, the AWC reports.

Spolar made admissions that he allegedly discussed strategy and details of transactions with customers, but did not always execute said transactions on the same day, the AWC reports.

Spolar allegedly did not have the required prior authorization from customers or prior written approval from his firms to exercise discretion in the accounts, the AWC notes.

Spolar Barred by FINRA; Spolar Allegedly Stated that His Practice was to Discuss Strategy with the Clients, Including the Specific Securities and Quantities to be Purchased and to Receive Verbal Authority for the Trades

Spolar allegedly stated that his practice was to discuss strategy with the clients, including the specific securities and quantities to be purchased and to receive verbal authority for the trades, according to the aforementioned Complaint currently under review by attorneys Alan Rosca and James Booker.

Spolar allegedly did not obtain written authorization from these customers to exercise discretion in their accounts and his firms did not approve these accounts for discretionary trading, the AWC reports.

Hence, based on the aforementioned behavior, Spolar allegedly violated NASD and FINRA Rules and has also consented to the imposition of the following sanctions: a suspension from association with any FINRA member firm in any capacity for one month, the AWC notes.

Michael Patrick Spolar worked, from February 28, 2013 until his termination on April 13, 2015, at LPL, and from April 23, 2015 until the present has been a registered General Securities Rep with International Assets Advisory, LLC, according to the AWC.

One should also note that, according to the AWC, Michael Patrick Spolar neither admitted nor denied the FINRA findings.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged investment fraud or investment-related misconduct and are currently investigating Michael Patrick Spolar’s alleged discretion in customer accounts. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of Michael Patrick Spolar’s alleged discretion in customer accounts may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com.

 

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Leon Edward Dixon– Private Securities Transactions without Proper Notice

Leon Edward Dixon Allegedly Engaged in Private Securities Transactions without Proper Notice to AXA Advisors, LLC

Leon Edward Dixon, from approximately April 2014 through October 2015, allegedly engaged in private securities transactions without proper notice to AXA Advisors, LLC, according to a recent Letter of Acceptance, Waiver and Consent (AWC) currently under review by attorneys Alan Rosca and James Booker.

Investors who believe they may have lost money in activity related to Leon Edward Dixon’s alleged private securities transactions without proper notice are encouraged to contact attorneys Alan Rosca or James Booker with any useful information or for a free, no obligation discussion about their options.

The Peiffer Rosca Wolf securities lawyers are currently investigating Leon Edward Dixon’s alleged private securities transactions without proper notice.

Leon Edward Dixon allegedly invested approximately $18,000 in a private start-up company that purported to deliver broadband and telecommunications services and also allegedly solicited 15 of the AXA Advisors, LLC’s clients to invest in the aforementioned company and also facilitated those investments, according to the aforementioned AWC.

Leon Edward Dixon also allegedly made an untimely disclosure on his Form U4 regarding a civil judgment and also purportedly failed to make disclosures regarding an unsatisfied tax lien, and also willfully failed to disclose an alleged unsatisfied tax lien, the AWC reports.

Leon Edward Dixon Suspended and Fined $7,500 by FINRA

Dixon, by allegedly engaging in private securities transactions without notifying AXA Advisors, LLC, has been suspended by FINRA for five months and fined $7,500, according to the aforementioned AWC currently under review by attorneys Alan Rosca and James Booker.

In Dixon’s Form U5, AXA Advisors, LLC also allegedly made reports that at the time of termination, AXA was conducting an internal review of Dixon’s alleged ‘sales activities relating to potential sales of unapproved products”, the AWC states.

Leon Edward Dixon joined the securities industry around August 1977 and has also been associated with three FINRA-member broker-dealers since February 1981, and also was associated with AXA Advisors, LLC from September 1999 through his termination on September 16, 2016, according to the AWC.

Dixon is not currently registered with any FINRA member but is subject to FINRA jurisdiction pursuant to FINRA’s By-Laws, the AWC notes.

One should also note that, according to the AWC, Leon Edward Dixon neither admitted nor denied the FINRA findings.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of investment fraud and are currently investigating Leon Edward Dixon’s alleged private securities transactions without proper notice. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of Leon Edward Dixon’s alleged private securities transactions without proper notice may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com.

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Yasuna Murakami of MC2, Arrested and Charged, Also Sued for Fraud by SEC

Yasuna Murakami, founder and manager of several Boston-based hedge funds, including MC2 Capital and MC2 Canada Capital Management, was arrested in Vermont on Saturday, May 20, as he crossed the border from Canada.

Peiffer Rosca Wolf securities lawyer Alan Rosca, along with his colleagues, have been retained by Murakami investors in MC2 Canadian Fund to seek compensation for their losses. They are preparing to take action, and are in touch with additional MC2 investors across the country.

Murakami was charged on Monday, May 22, 2017 with wire fraud in federal court in Boston, and also named in a suit brought by the Securities and Exchange Commission alleging that he defrauded investors in the MC2 funds out of millions of dollars while using their money to pay his credit card bills and other personal expenses.

The SEC complaint alleges, among other fraudulent acts, that Murakami and his accomplices not only lost investors’ money, but that they issued false K-1s, account statements, and third party statements designed to fool investors into believing that their money was still safe. Additionally, Murakami allegedly used some investors’ funds to fake returns to earlier investors, in a classic Ponzi scheme. All told, the SEC alleges that Murakami misappropriated roughly $8 million for his personal use from 2008 to 2016, and around $2 million to pay investors in order to sustain the fraud.

The Peiffer Rosca Wolf investors’ rights attorneys have been investigating Murakami, MC2, and other affiliated entities in preparation for taking action to recover investor losses in the near future. MC2 Canadian investors are encouraged to contact Alan Rosca (arosca@pwrlegal.com, 1-888-998-0520) or his colleagues, Gregory Gibson or James Booker, to provide information about this matter and/or discuss their options. Free case evaluation. Contingency fee representation.

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Matthew Harriton—Hamilton Investment Scheme

Matthew Harriton, along with Joseph Meli, 875 Holdings, LLC, 127 Holdings, LLC, Advance Entertainment, LLC, and Advance Entertainment II, LLC Allegedly Raised $81 Million from at Least 125 Investors in 13 States as Part of an Investment in the Resale of Tickets for Events such as the Broadway Musical Hamilton

Matthew Harriton, along with Joseph Meli, 875 Holdings, LLC, 127 Holdings, LLC, Advance Entertainment, LLC, and Advance Entertainment II, LLC allegedly raised approximately $81 million from at least 125 investors in 13 states for purported investment in the resale of tickets for hit events such as the Broadway musical Hamilton, according to an SEC Complaint currently under review by attorneys Alan Rosca and James Booker.

The Peiffer Rosca Wolf securities practice lawyers are investigating to determine whether some of the Harriton / Meli investors were recruited to invest in that alleged scheme by a number of financial industry members, and if so whether they have claims against those financial businesses for any losses they have suffered.

Investors who believe they may have lost money in activity related to Matthew Harriton’s alleged Hamilton investment scheme are encouraged to contact attorneys Alan Rosca or James Booker with any useful information or for a free, no obligation discussion about their options.

Harriton’s alleged ongoing fraudulent scheme diverted at least $51 million of the incoming investor funds to allegedly orchestrate a Ponzi scheme and to purportedly make a profit for their own benefit, the aforementioned Complaint notes.

Meli and Harriton, from at least 2015 to present day, allegedly made representations to investors and prospective investors that they would pool investor funds in order to buy big blocks of tickets for major concerts and musicals, the Complaint reports.

Meli and Harriton also allegedly made further representations that the Broadway tickets would then be resold at a profit which would generate high returns for the investors, and investors got written contracts which promised full repayment of principal plus a 10% annualized profit, to be paid in less than one year from investment, the Complaint states.

Furthermore, investors were also allegedly promised half of any profits from the ticket re-sales that were still unsold after investors purportedly received their return of principal and a 10% return, the Complaint notes.

In reality only a small portion of investor funds was allegedly used to make payments to entities with any purported connection to the ticket reselling business, the Complaint reports.

A minimum of at least $48 million of incoming funds from supposed investors was allegedly used to repay and provide purported investment returns to other investors, the Complaint states.

Joseph Meli, Matthew Harriton, 875 Holdings, LLC, 127 Holdings, LLC, Advance Entertainment, LLC, and Advance Entertainment II, LLC, Ordered by the SEC to Pay Civil Monetary Penalties

Matthew Harriton, from in or about January 2015 through October 2016, allegedly transferred apparent investor funds of up to $1.2 million for his purported personal use, according to the aforementioned SEC Complaint currently under review by attorneys Alan Rosca and James Booker.

Apparent investor funds were also allegedly transferred to 875 Holdings, 127 Holdings, Advance Entertainment, and Advance Entertainment II, the Complaint states.

What is more, investor funds were also allegedly transferred to certain entities controlled by Meli or Harriton which had allegedly been used to make payments for what apparently appeared to be personal expenses, including jewelry purchases, private school tuition payments, and payments to casinos, the Complaint reports.

The SEC is seeking emergency preliminary relief, including a temporary restraining order against further violations of the federal securities laws and an emergency asset freeze to preserve assets necessary to satisfy any eventual judgment against the aforementioned Defendants, the Complaint notes.

Based on the alleged aforementioned behavior, Joseph Meli, Matthew Harriton, 875 Holdings, LLC, 127 Holdings, LLC, Advance Entertainment, LLC, and Advance Entertainment II, LLC, were ordered by the SEC to Pay Civil Monetary Penalites, the Complaint reports.

The Commission has also made requests for an immediate accounting, expedited discovery, a repatriation order, an order prohibiting the Defendants from continuing to accept or deposit additional investor funds, and an order prohibiting the alteration or destruction of relevant documents, the Complaint states.

Matthew Harriton, age 52, lives in New York, New York, and he and Meli are the alleged direct or indirect owners of Advance Entertainment II, and Harriton, with Meli, manages 875 Holdings, the Complaint notes. Harriton also allegedly owns an 80% interest in 875 Holdings and purportedly directly owns a 20% interest in Advance Entertainment II, the Complaint notes.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged investment fraud and are currently investigating Matthew Harriton’s alleged Hamilton investment scheme. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of Matthew Harriton’s alleged Hamilton investment scheme may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com.

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Ryan Miguel — Non-exempt Private Placement Offering

Ryan Miguel Allegedly Issued Securities Via a Non-exempt Private Placement Offering

Ryan Miguel, a.k.a. Ryan Miguel Pina, a.k.a. Ryan Lee Oliver, and Infinity Fuels allegedly issued securities via a non-exempt private placement offering, according to Documents from the Securities Division of the Arizona Corporation Commission currently under review by attorneys Alan Rosca and James Booker.

Investors who believe they may have lost money in activity related to Ryan Miguel’s non-exempt private placement offering are encouraged to contact attorneys Alan Rosca or James Booker with any useful information or for a free, no obligation discussion about their options.

The Peiffer Rosca Wolf securities lawyers are currently investigating Ryan Miguel’s non-exempt private placement offering.

The aforementioned Corporation Commissioner also made findings that Miguel,  a former registered representative with Merrill Lynch, allegedly made material misstatements of fact during the sales presentation for Infinity Fuels, which led to customers being misled regarding the company’s prospects and subsequent return on the investment, according to the aforementioned documents.

Miguel purportedly served as the chief development officer and served on the board of directors for Infinity Fuels, a startup company that was raising money to develop “waste to fuel” refinery capabilities, said Documents notes.

Infinity’s business license expired on December 31, 2010, and, according to the records of the Nevada Secretary of State, its corporate status has been revoked, the Documents report.

Ryan Miguel Received a Cease and Desist Order from the Corporation Commissioner for the state of Arizona and Had His License to Sell Securities in Arizona Revoked

Ryan Miguel, on April 11, 2017, reportedly received a Cease and Desist Order from the Corporation Commissioner for the state of Arizona and subsequently has had his License to Sell Securities in Arizona revoked, according to the aforementioned Documents from the Securities Division of the Arizona Corporation Commission currently under review by attorneys Alan Rosca and James Booker.

The Securities Divisions’ Complaint originates from an investigation into Infinity Fuels, a Nevada Corporation, which allegedly issued securities via a non-exempt private placement, said Documents notes.

The Arizona Corporation Commissioner’s action also imposed penalties on Ryan Miguel, ordered the rescission of the Infinity Fuels’ investment, and revoked Miguel’s securities salesman license in Arizona, the Documents state.

It should also be noted that for one to legally sell investments to the public, a broker must either be licensed or exempt from licensing, and Ryan Miguel has allegedly not held a license with a FINRA approved firm since August, 2015, said Documents note.

What is more, Miguel was under the Commission’s jurisdiction for two years after the lapse of his registration for the purpose of “denying, suspending or revoking his registration in connection with conduct that began before the lapse of his registration”, the Documents note.

Ryan Miguel has also been the subject of one regulatory investigation, according to his FINRA BrokerCheck Report.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of investment fraud and are currently investigating Ryan Miguel’s non-exempt private placement offering. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of Ryan Miguel’s non-exempt private placement offering may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com.

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Emilio Francisco & PDC Capital Group, LLC—Fraudulent Scheme

Emilio Francisco & PDC Capital Group, LLC Allegedly Took Part in a Continuing Fraudulent Scheme

Emilio Francisco & PDC Capital Group, LLC, beginning in January 2013 and continuing through at least September 2016, allegedly orchestrated a scheme to defraud at least 131 investors in 19 different offerings out of at least $9.5 million, according to an SEC Complaint currently under review by attorneys Alan Rosca and James Booker.

Peiffer Rosca Wolf securities practice lawyers are investigating investment recovery options on behalf of investors in issues related to Emilio Francisco & PDC Capital Group’s alleged fraudulent scheme, and are preparing to assist Chinese investors, on a contingency fee basis.

Investors who believe they may have lost money in activity related to Emilio Francisco & PDC Capital Group’s alleged fraudulent scheme are encouraged to contact attorneys Alan Rosca or James Booker with any useful information or for a free, no obligation discussion about their options.

Francisco and PDC Capital allegedly made offerings in assisted living facilities, Caffe Primo restaurants, and a packaging facility, mostly to Chinese investors that purportedly qualified under the “EB-5 Immigrant Investor Program” which has been administered by the U.S. Citizenship and Immigration Service (USCIS), according to the aforementioned Complaint.

It should be noted that Francisco is the CEO and Chairman of defendants PDC Capital Group, LLC and Caffe Primo International, Inc. and also controls and serves as the CEO of other entities involving the alleged fraudulent scheme, such as PDC Partners Management, Inc. which managed assisted living projects and FDC Partners Management, Inc. and which also allegedly managed assisted living projects such as Summerplace Management, LLC which is the general partner of several of the assisted living projects, the Complaint reports.

Francisco and PDC Capital allegedly raised approximately $72.05 million from the aforementioned 131 investors which subsisted of approximately $65.5 million in capital contributions in order to buy units in limited partnerships, and $6.55 million in so-called “administration fees” in order to pay expenses of the limited partnerships until said projects were built, the Complaint notes.

Francisco and PDC Capital allegedly made representations that an investor’s full $500,000 capital contribution would purportedly be implemented to develop a specific project, and that only administration fees would be available to pay expenses of the limited partnership until said project was finished, the Complaint reports.

PDC Capital then allegedly received approximately $19.2 million of investors’ funds which was purportedly $12.65 million more than the total administration fees paid by investors, the Complaint states.

From the aforementioned $12.65 million of diverted investor funds, PDC Capital and Francisco allegedly made misappropriations of at least $9.5 million of investors’ capital in order to allegedly support his luxury lifestyle including the purchase and maintenance of a yacht, and to support his businesses, the Complaint notes.

Francisco and PDC Capital also allegedly made misrepresentations to investors that their capital contributions would be put to use for the designated purposes which were laid out in the offering materials, the Complaint states.

Emilio Francisco & PDC Capital Group, LLC Allegedly Commingled Funds from Different Projects in Contradiction to Representations in the Offering Materials Presented for the Specific Project They Were Investing In; Francisco was Allegedly Aware that His Actions would Violate Federal Regulations and Purportedly Jeopardize any Visas for the Foreign Investors

Emilio Francisco and PDC Capital allegedly commingled funds from different projects in contradiction to representations in the offering materials that investors’ funds would purportedly be used for the stated project in which they were investing, according to the aforementioned SEC Complaint currently under review by attorneys Alan Rosca and James Booker.

Furthermore, at least $1.5 million of the investors’ funds were deposited into escrow for two offerings which were not disbursed to the bank accounts of the limited partnerships that were to receive the funds, the Complaint states.

Francisco, PDC Capital Group, and Caffe Primo International, Inc., another entity controlled by Francisco as CEO and part-owner, allegedly committed their fraud via offerings for the defendant limited partnerships, the Complaint reports.

Emilio Francisco, at all relevant times, allegedly controlled the bank accounts, directly or indirectly, for all of the Defendants, and purportedly controlled and approved the terms of the various offerings, and personally benefitted from the misuse and misappropriation of funds, the Complaint notes.

The aforementioned Defendants’ conduct allegedly was ongoing and by engaging in said conduct, the Defendants allegedly violated, and continue to violate, the antifraud provisions of the Securities Act, the Complaint reports.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged investment fraud and are currently investigating Emilio Francisco & PDC Capital Group’s alleged fraudulent scheme. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of Emilio Francisco & PDC Capital Group’s alleged fraudulent scheme may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com.

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Fernando de la Lama Merino— Alleged Sales of Illiquid Structured Notes and Bonds Referred by a Foreign Individual

Fernando de la Lama Merino Allegedly Sold Illiquid Structured Notes and Bonds Referred by a Foreign Individual while Associated with EFG Capital International, a FINRA Regulated Member Firm

Fernando de la Lama Merino allegedly made sales of illiquid structured notes and bonds referred by a foreign individual while he was associated with EFG Capital International, according to a Complaint from FINRA’s Department of Enforcement currently under review by attorneys Alan Rosca and James Booker.

Peiffer Rosca Wolf securities practice lawyers are investigating investment recovery options on behalf of investors in issues related to Fernando de la Lama Merino’s alleged sale of illiquid structured notes and bonds.

Investors who believe they may have lost money in activity related to Fernando de la Lama Merino’s alleged sale of illiquid structured notes and bonds are encouraged to contact attorneys Alan Rosca or James Booker with any useful information or for a free, no obligation discussion about their options.

FINRA’s Department of Enforcement, on June 30, 2015, reportedly opened an investigation into De la Lama’s alleged potential misconduct which involved the aforementioned sales of illiquid structured notes and bonds referred by a foreign individual, and then brought this disciplinary proceeding against Fernando de la Lama Merino on October 24, 2016, the Complaint notes.

The Peiffer Rosca Wolf securities lawyers are currently investigating Fernando de la Lama Merino’s alleged sale of illiquid structured notes and bonds.

De la Lama Allegedly Violated FINRA Rules by Failing to Produce Requested Documents during an Investigation into Alleged Potential Misconduct and Therefore FINRA Has Barred Him from Associating with any FINRA Member Firm

De la Lama allegedly violated FINRA Rules by failing to produce requested documents during an investigation into his potential misconduct, according to the aforementioned Complaint currently under review by attorneys Alan Rosca and James Booker.

De la Lama has allegedly not answered FINRA’s request, and on January 23, 2017, Enforcement filed a Motion for Entry of Default Decision and Imposition of Sanctions, the Complaint reports.

De la Lama allegedly violated FINRA Rules by failing to produce requested documents during a FINRA investigation into his potential misconduct and hence has been barred from associating with any FINRA member firm, the Complaint notes.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged investment fraud and are currently investigating Fernando de la Lama Merino’s alleged sale of illiquid structured notes and bonds. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of Fernando de la Lama Merino’s alleged sale of illiquid structured notes and bonds may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com.

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Jeffrey Paul Dragon & Berthel, Fisher & Co. Financial Services, Inc.—Unsuitable Recommendations

Jeffrey Paul Dragon Allegedly Produced over $421,000 in Commissions for Himself and Berthel, Fisher & Co. Financial Services, Inc. at the Purported Expense of Customers; Jeffrey Paul Dragon Allegedly Recommended and Effected a Pattern of Unsuitable Short-term Trading of Unit Investment Trusts (UITs)

Jeffrey Paul Dragon, over a two-year period, allegedly generated over $421,000 in commissions for himself and his firm, Berthel, Fisher & Co. Financial Services, Inc., at the purported expense of his customers, according to a Complaint from FINRA’s Department of Enforcement currently under review by attorneys Alan Rosca and James Booker.

Peiffer Rosca Wolf securities practice lawyers are investigating investment recovery options on behalf of investors in issues related to Jeffrey Paul Dragon’s alleged unsuitable recommendations.

Investors who believe they may have lost money in activity related to Jeffrey Paul Dragon’s alleged unsuitable recommendations are encouraged to contact attorneys Alan Rosca or James Booker with any useful information or for a free, no obligation discussion about their options.

Jeffrey Paul Dragon allegedly recommended and effected a purported pattern of unsuitable short-term trading of unit investment trusts (UITs), according to the aforementioned Complaint.

The Peiffer Rosca Wolf securities lawyers are currently investigating Jeffrey Paul Dragon’s alleged unsuitable recommendations.

Jeffrey Paul Dragon and Berthel, Fisher & Co. Financial Services, Inc. Allegedly Failed to Detect over 2,700 of its Customers’ UIT Purchases whom did not Receive Applicable Sales-charge Discounts Purportedly Resulting in Berthel Customers Paying Excessive Sales Charges of Around $667,000

Jeffrey Paul Dragon and Berthel, Fisher & Co. Financial Services, Inc., from 2010 through 2014, also allegedly failed to detect that more than 2,700 of its customers’ UIT purchases did not receive applicable sales-charge discounts, according to the aforementioned Complaint currently under review by attorneys Alan Rosca and James Booker.

Berthel, as a result, allegedly paid excessive sales charges of approximately $667,000, and Jeffrey Paul Dragon also allegedly recommended to 12 customers– many of whom were purportedly seniors and so-called unsophisticated investors– that they liquidate UIT positions which they had held for a short period, the Complaint notes.

Dragon’s customers allegedly held their positions for only a few months, which they had purchased on Dragon’s recommendations and then used the proceeds to purchase other UITs, the Complaint reports.

Finally, Berthel’s only regular supervisory review of UIT recommendations and customer activity allegedly consisted of manual reviews of daily trade blotters that did not indicate either how long Dragon‘s recommendations to these aforementioned customers were further unsuitable, the Complaint notes.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged investment fraud and are currently investigating Jeffrey Dragon’s alleged unsuitable recommendations. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of Jeffrey Paul Dragon’s alleged unsuitable recommendations may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com.

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Ronald Broadstone– Misappropriation of Customer Assets & Unauthorized Trading

Ronald D. Broadstone Allegedly Misappropriated Customer Assets, Engaged in Unauthorized Trading, and Settled a Customer Complaint without Proper Notification

Ronald Broadstone allegedly misappropriated customer assets, engaged in unauthorized trading, and settled a customer complaint without proper notification, according to a recent Letter of Acceptance, Waiver and Consent (AWC) currently under review by attorneys Alan Rosca and James Booker.

Investors who believe they may have lost money in activity related to Ronald Broadstone’s alleged misappropriation of customer assets and unauthorized trading are encouraged to contact attorneys Alan Rosca or James Booker with any useful information or for a free, no obligation discussion about their options.

The Peiffer Rosca Wolf securities lawyers are currently investigating Ronald Broadstone’s alleged misappropriation of customer assets and unauthorized trading.

Ronald Broadstone’s Form CRD also states that he has allegedly not “acted in the interests of the trust and beneficiaries in his capacity as trustee of a family trust” and also has allegedly “violated firm policies concerning order entry and client complaint escalation.”

Ronald Broadstone, from February2007 through April 18, 2017, was registered with FINRA member firm UBS Financial Services Inc. as a general securities representative but is currently not associated with any FINRA member, the aforementioned AWC notes.

Ronald Broadstone Barred by FINRA after Refusing to Respond to FINRA Questions during the Course of a FINRA Investigation

Ronald Broadstone, on April 18, 2017, appeared to provide on-the-record testimony in connection with FINRA’s investigation and pursuant to FINRA Rules, according to the aforementioned AWC currently under review by attorneys Alan Rosca and James Booker.

Broadstone, during his on-the-record testimony, allegedly refused to respond to FINRA staffs questions and then Broadstone’s counsel purportedly advised FINRA staff, on the record, that Broadstone would not give answers to additional questions and Broadstone then left the testimony without answering any further questions from FINRA staff, the aforementioned AWC notes.

By virtue of his appearance for the April 18 testimony, his counsel’s statement at the April 18 testimony, and this agreement, Broadstone allegedly acknowledges that he received FINRA’s Rule 8210 request and will not provide testimony as requested by FINRA staff pursuant to FINRA Rules, and therefore has been barred by FINRA, the AWC reports.

One should also note that, according to the AWC, Ronald D. Broadstone neither admitted nor denied the FINRA findings.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of investment fraud and are currently investigating Ronald Broadstone’s alleged misappropriation of customer assets and unauthorized trading. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of Ronald Broadstone’s alleged misappropriation of customer assets and unauthorized trading may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com.

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Clay Emerson Hoffman—Alleged Unsuitable Transactions, Unauthorized Transactions, Excessive trading, and Fraud

Clay Emerson Hoffman Allegedly Took Part in Unsuitable Transactions, Unauthorized Transactions, Excessive trading, and Fraud

Clay Emerson Hoffman allegedly engaged in, among other things, unsuitable transactions, unauthorized transactions, excessive trading, and fraud, according to a Complaint from FINRA’s Department of Enforcement currently under review by attorneys Alan Rosca and James Booker.

Peiffer Rosca Wolf securities practice lawyers are investigating investment recovery options on behalf of investors in issues related to Clay Emerson Hoffman’s alleged unsuitable transactions, unauthorized transactions, and excessive trading.

Investors who believe they may have lost money in activity related to Clay Hoffman’s alleged unsuitable transactions, unauthorized transactions, and excessive trading are encouraged to contact attorneys Alan Rosca or James Booker with any useful information or for a free, no obligation discussion about their options.

Clay Emerson Hoffman entered the securities industry in 2001 and, over the next 15 years, was registered with five FINRA-member firms, and on May 10, 2016, FINRA revoked his registration for allegedly failing to pay fines and/or costs in another FINRA proceeding, the Complaint reports.

The Peiffer Rosca Wolf securities lawyers are currently investigating Clay Emerson Hoffman’s alleged unsuitable transactions, unauthorized transactions, and excessive trading

Clay Emerson Hoffman Barred in all Capacities from Association with any FINRA Member Firm

Clay Emerson Hoffman was the subject of a Complaint which FINRA Enforcement filed on November 1, 2016, which was within two years after the effective date of his termination of his FINRA registration, according to the aforementioned Complaint currently under review by attorneys Alan Rosca and James Booker.

Said Complaint charges Hoffman with allegedly failing to respond to requests for information during the aforementioned two-year period after the termination of his registration, the Complaint notes.

Clay Emerson Hoffman violated FINRA Rules by allegedly failing to provide information requested by FINRA, the Complaint reports, and therefore Clay Emerson Hoffman is barred in all capacities from association with any FINRA member firm.

What is more, FINRA’s Sanction Guidelines also allegedly recommended a fine of $25,000 to $73,000, according to the Complaint.

Hoffman has had seven customer complaints against him, several disputes, and was allegedly terminated by Suntrust Investment Services after the firm conducted a review of his client account transactions, according to his FINRA BrokerCheck Report.

Hoffman is not currently associated with a FINRA member, the Complaint states.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged investment fraud and are currently investigating Clay Emerson Hoffman’s alleged unsuitable transactions, unauthorized transactions, and excessive trading. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of Clay Hoffman’s alleged unsuitable transactions, unauthorized transactions, and excessive trading Fernando de la Lama Merino’s alleged sale of illiquid structured notes and bonds may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com.

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Richard William Lunn Martin—Unsuitable Recommendations

Richard William Lunn Martin Allegedly Made Recommendations for Long-term Holding, Non-traditional Exchange Traded Funds (ETF’s) to All of His Customers; Martin Allegedly Made Claims that the Global Economy was on the Precipice of Catastrophe

Richard William Lunn Martin allegedly made recommendations for long-term holding, non-traditional exchange traded funds (ETF’s) to all of his customers, according to a Complaint from FINRA’s Department of Enforcement currently under review by attorneys Alan Rosca and James Booker.

Peiffer Rosca Wolf securities practice lawyers are investigating investment recovery options on behalf of investors in issues related to Richard William Lunn Martin’s alleged unsuitable recommendations.

Investors who believe they may have lost money in activity related to Richard William Lunn Martin’s alleged unsuitable recommendations are encouraged to contact attorneys Alan Rosca or James Booker with any useful information or for a free, no obligation discussion about their options.

Martin allegedly made claims to believe that the global economy was on the brink of catastrophe and that a pair of his customers should invest in and hold Non-traditional ETFs to make hedges against the impending disaster, according the aforementioned Complaint.

Martin, from at least March 2011 through July 2015, and as a result of the aforementioned view, allegedly recommended to virtually all of his customers that they invest almost exclusively in and hold non-traditional ETF’s for extended periods of time, the Complaint reports.

It should be noted that non-traditional ETF’s hold enormous risks when held more than one trading session, the Complaint reports.

Richard William Lunn Martin Barred by FINRA after Allegedly Having no Reasonable Basis to Recommend Non-traditional ETF’s

Richard William Lunn Martin allegedly had no reasonable basis to recommend non-traditional ETF’s to his customers and, as a result, allegedly violated NASD and FINRA Rules, according to the aforementioned Complaint currently under review by attorneys Alan Rosca and James Booker.

What is more, from June 7, 2014 through October 10, 2014, Martin allegedly sent communications to the public that failed to provide a sound basis for evaluating the facts, were also misleading, and also contained exaggerated and unwarranted language, promissory statements, and projections of future performance, the Complaint notes.

Finally, between 2009 and 2011, Martin solicited and recommended to his 44 customers approximately 334 Non-traditional ETF transactions in approximately 15 Non-traditional ETFs, the Complaint reports.

As a result of the aforementioned behavior, Martin has been barred by FINRA, the Complaint states.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged investment fraud and are currently investigating Richard William Lunn Martin’s unsuitable recommendations. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of Richard William Lunn Martin’s unsuitable recommendations may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com.

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Tamer Moumen—Investment Fraud

Tamer Moumen Allegedly Orchestrated a $9 Million Investment Fraud; Moumen Allegedly Told over 50 Clients that He Was a Trader Who Had Regularly Beaten the S&P 500 and Supervised Tens of Millions of Dollars

Tamer Moumen, 39, and of Leesburg, allegedly orchestrated a $9 million investment fraud wherein he told over 50 clients that he had been a successful trader who had regularly beaten the S&P 500 and had purportedly supervised tens of millions of dollars through Crescent Ridge Capital Partners, according to a Statement of Facts from the U.S. Attorney’s Office’s (Eastern District of Virginia) currently under review by attorneys Alan Rosca and James Booker.

Investors who believe they may have lost money in activity related to Tamer Moumen’s alleged investment fraud are encouraged to contact attorneys Alan Rosca or James Booker with any useful information or for a free, no obligation discussion about their options.

The Peiffer Rosca Wolf securities lawyers are currently investigating Tamer Moumen’s alleged investment fraud.

Tamer Moumen Allegedly Encouraged Dozens of Clients to Liquidate their other Investments and Retirement Accounts and to Invest with Him

Tamer Moumen, between 2012 and 2017, allegedly encouraged dozens of clients, including many who were nearing retirement age, to liquidate their other investments and retirement accounts and to invest with him, according to the aforementioned Statement.

Moumen allegedly faces a maximum penalty of 20 years in prison when sentenced on July 28, the Statement notes.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of investment fraud and are currently investigating Tamer Moumen’s alleged investment fraud. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of Tamer Moumen’s alleged investment fraud may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com.

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Robert Tweed— Alleged False and Misleading Private Placement Memorandum

Robert “Rusty” Tweed Allegedly Took in over $1.6 Million from His Retail Customers through a Purportedly False and Misleading Private Placement Memorandum

Robert Tweed allegedly took in over $1.6 million from his retail customers through a purportedly false and misleading private placement memorandum (PPM), according to a recent Letter of Acceptance, Waiver and Consent (AWC) currently under review by attorneys Alan Rosca and James Booker.

Investors who believe they may have lost money in activity related to Robert Tweed’s allegedly false and misleading private placement memorandum are encouraged to contact attorneys Alan Rosca or James Booker with any useful information or for a free, no obligation discussion about their options.

The Peiffer Rosca Wolf securities lawyers are currently investigating Robert Tweed’s allegedly false and misleading private placement memorandum.

Robert Tweed, between November 2009 and March 2010, allegedly obtained over $ 1.6 million from his retail customers via a false and misleading PPM he implemented to purportedly offer and sell interests in his Athenian Fund LP, a pooled investment fund that he both created and controlled, according to the aforementioned AWC.

Robert Tweed allegedly drafted and circulated the PPM, a memo which purportedly misrepresented and failed to make disclosures of material information to investors, the AWC states.

Twenty three customers invested in the Athenian Fund without the alleged benefit of complete and accurate information regarding the total potential fees and costs associated with the aforementioned fund and facts regarding Tweed himself, the AWC reports.

What is more, the aforementioned PPM allegedly made misrepresentations regarding the entities and individual who would ultimately have immediate control over the money that customers invested, the AWC notes.

Robert Tweed has Been Requested by FINRA to Pay Monetary Sanctions and Bear the Costs of Court Proceedings in Accordance with FINRA Rules

FINRA has requested that Robert Tweed to be the subject of one or more of the following sanctions including monetary sanctions and bear the costs of proceedings in accordance with FINRA Rules, according to the aforementioned AWC currently under review by attorneys Alan Rosca and James Booker.

As a result of the aforementioned and alleged material misrepresentations and omissions Athenian Fund investors allegedly could not evaluate the true costs and risks associated with the Fund, the AWC reports.

One should also note that, according to the AWC, Robert Tweed neither admitted nor denied the FINRA findings.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of investment fraud and are currently investigating Robert Tweed’s allegedly false and misleading private placement memorandum. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of Robert Tweed’s allegedly false and misleading private placement memorandum may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com.

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Robert Morley, Jr. & Creative Wealth Strategies, Inc.—Sales of Unregistered Securities

Robert Byrkit Morley, Jr. & Creative Wealth Strategies, Inc. Allegedly Engaged in the Sale of Unregistered Securities in the Form of Investment Contracts to Two Michigan Investors, a Married Couple Past Age 60

Robert Morley, Jr. & Creative Wealth Strategies, Inc., allegedly engaged in the sale of unregistered securities in the form of investment contracts to two Michigan investors, a married couple over the age of 60, according to an Order from the Michigan Department of Corporations, Securities & Commercial Licensing Bureau (CSCL) currently under review by attorneys Alan Rosca and Joe Peiffer.

Peiffer Rosca Wolf securities practice lawyers are investigating investment recovery options on behalf of investors in issues related to Robert Byrkit Morley, Jr. & Creative Wealth Strategies, Inc.’s sale of unregistered securities.

Investors who believe they may have lost money in activity related to Robert Byrkit Morley, Jr. & Creative Wealth Strategies, Inc.’s sale of unregistered securities are encouraged to contact attorneys Alan Rosca or James Booker with any useful information or for a free, no obligation discussion about their options.

Morley, the president of Creative Wealth Strategies, Inc., and of Birmingham, Michigan, allegedly made representations in required notice filings associated with his sole proprietorship investment adviser firm that he would not sell securities in which he had a proprietary interest to investment advisory clients, according to the aforementioned Order.

Morley’s material representations were, however, allegedly misleading, the Order notes.

Robert Morley, Jr. & Creative Wealth Strategies, Inc. Fined $120,000 for Alleged Violations of the Michigan Uniform Securities Act Including the Sale of Purportedly Unregistered Securities

Morley has received a fine of $80,000.00 while his Creative Wealth Strategies, Inc. has been fined $40,000.00 by the CSCL, according to the aforementioned Order currently under review by attorneys Alan Rosca and James Booker.

Hence, Morley’s registration application was denied for reasons of allegedly engaging in dishonest or unethical practices in the securities, commodities, investment, franchise, banking, finance, or insurance laws of Michigan, the Order notes.

CSCL Director Julia Dale has made the following statement:

“To protect consumers, the State of Michigan requires the proper registration of investment adviser representatives, securities agents, broker-dealers, and investment adviser firms, and the securities they are selling, and that representations made in filings with the Department are complete and accurate.  Investors should contact us to make sure that the person or company they are working with or a securities product they are considering purchasing is registered in Michigan.”

Finally, the Michigan Department of Licensing and Regulatory Affairs said Wednesday that the state’s Corporations, Securities & Commercial Licensing Bureau issued final orders against Robert Byrkit Morley Jr. and Creative Wealth Strategies in Birmingham, the Order notes.

Morley has a right to appeal within 60 days after the date of mailing the final administrative order.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged investment fraud and are currently investigating Robert Morley, Jr. & Creative Wealth Strategies, Inc.’s sale of unregistered. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of Robert Byrkit Morley, Jr. & Creative Wealth Strategies, Inc.’s sale of unregistered securities may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com.

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Gregg Templeton—Misuse of Customer Funds

Gregg D. Templeton Allegedly Misused Customer Funds and Committed Other Sales Practice Violations

Have you invested your hard-earned money with Gregg Templeton of New York, New York? Gregg Templeton, between July 2010 and July 2015, allegedly misused customer funds and committed other sales practice violations, according to a recent Letter of Acceptance, Waiver and Consent (AWC) currently under review by attorneys Alan Rosca and James Booker.

Investors who believe they may have lost money in activity related to Gregg Templeton’s alleged misuse of customer funds and other sales practice violations are encouraged to contact attorneys Alan Rosca or James Booker with any useful information or for a free, no obligation discussion about their options.

The Peiffer Rosca Wolf securities lawyers are currently investigating Gregg Templeton’s alleged misuse of customer funds and other sales practice violations.

Gregg Templeton, a financial advisor and registered representative of Oppenheimer & Co. from 2007 to August 2015, was allegedly terminated by said firm on July 31, 2015 “after an internal review concluded that he engaged in compensated consulting services, including capital raising, for a company without prior disclosure to and without proper approvals”, according to said AWC.

Gregg Templeton Barred by FINRA after Failing to Provide Documents and Information as Requested by FINRA

Gregg Templeton, on May 26, 2016, received a request from FINRA for information and documents pursuant to FINRA Rules to which Templeton provided documents and information pursuant to this request, according to the aforementioned AWC currently under review by attorneys Alan Rosca and James Booker.

Subsequently, on December 19, 2016, FINRA staff sent Templeton another letter pursuant to FINRA Rules which requested that he provide additional documents and information to FINRA, the AWC states.

On February 10, 2017, after two additional extensions, counsel for Templeton allegedly informed FINRA staff that Templeton would allegedly not produce the requested documents and information requested in the December 19, 2016 letter and Templeton would no longer cooperate with FINRA’s investigation, the AWC notes.

By refusing to provide the documents and information as requested pursuant to FINRA Rules, Templeton allegedly violated FINRA Rules, the AWC states.

One should also note that, according to the AWC, Gregg Templeton neither admitted nor denied the FINRA findings.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged investment fraud and are currently investigating Gregg Templeton’s alleged misuse of customer funds and other sales practice violations. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of Gregg Templeton’s alleged misuse of customer funds and other sales practice violations may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com.

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Tracy Rae Turner — Private Securities Transactions

Tracy Rae Turner Allegedly Sold $4.1 million in Interests in Saltwater Disposal Wells Used in Oil and Gas Production to 12 Investors without Proper Prior Written Notice to Colorado Financial; Turner Allegedly Disseminated False and Misleading Communications to the Public about the Investments

Tracy Rae Turner allegedly participated in private securities transactions without giving his firm, Colorado Financial, prior written notice and also purportedly disseminated false and misleading communications to the public regarding the investments, according to a Complaint from FINRA’s Department of Enforcement currently under review by attorneys Alan Rosca and James Booker.

Peiffer Rosca Wolf securities practice lawyers are investigating investment recovery options on behalf of investors in issues related to Tracy Rae Turner’s alleged participation in private securities transactions.

Investors who believe they may have lost money in activity related to Tracy Rae Turner’s alleged participation in private securities transactions are encouraged to contact attorneys Alan Rosca or James Booker with any useful information or for a free, no obligation discussion about their options.

Turner allegedly sold $4.1 million in interests in saltwater disposal wells that are implemented in oil and gas production to 12 investors without giving his employer firm prior written notice, according to the aforementioned Complaint.

Turner, from September 2013 to April 2014, allegedly offered and sold interests in saltwater disposal well facilities (SWD’s), the Complaint states.

Tracy Rae Turner Barred and Fined $272,000 by FINRA

Turner, by allegedly disseminating false and misleading communications to the public about the investments and failing to get prior approval for the communications, allegedly violated NASD and FINRA Rules and therefore has been barred by FINRA, according to the aforementioned Complaint currently under review by attorneys Alan Rosca and James Booker.

Turner has also been fined $272,879.04, or an amount equal to the commissions he earned from the sales, and also has been suspended for one year from associating with any FINRA member firm in any capacity and fined $20,000 for violating FINRA’s advertising rules, the Complaint notes.

Turner was registered as a general securities representative, general securities principal, and operations professional with Colorado Financial Service Corporation from January 2011 to December 1, 2014, when the firm allegedly filed a Uniform Termination Notice to terminate his registrations, the Complaint reports.

Turner has also purportedly remained unregistered and has not re-associated with another FINRA member firm, the Complaint states.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged investment fraud and are currently investigating Tracy Rae Turner’s alleged participation in private securities transactions. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of Tracy Rae Turner’s alleged participation in private securities transactions may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com.

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FS Energy and Power Fund Sales Practices by Investment Professionals Investigated by Securities Lawyers

The investors’ rights attorneys at Peiffer Rosca Wolf are investigating Franklin Square Capital Partners’ FS Energy and Power Fund (“FSEP”) sale practices of certain investment professionals who recommended and sold FSEP to their customers.

FSEP is a non-traded business development company that invests in the debt of private U.S. energy and power companies, and according to Franklin Square is designed to provide investors with access to alternative asset classes that are typically only available to the very biggest institutional investors.

As with other alternative investments, FSEP presents inherent risks associated with the reduced oversight of unregistered securities, as well as the frequently high sales commissions and due diligence fees, which can provide brokers with an incentive to sell them without looking too closely at their finances, to investors who may not understand the inherent risk of the product.

Peiffer Rosca Wolf Lawyers Investigating Broker Sales of FSEP Products to Investors

On occasion, the Peiffer Rosca Wolf lawyers believe some brokers may have misrepresented the investment to sell more of it, or improperly recommend excessive or otherwise unsuitable FSEP investment products to their customers.

Investment professionals have a duty to only recommend suitable investments to their customers. To determine whether a product is suitable, the broker must first conduct adequate due diligence as to that investment and have a reasonable basis to recommend it. Additionally, a broker’s investment recommendations must take into account the investor’s risk profile and expectations and investment experience.  Brokers may not recommend risky investments to investors unwilling or unable to accept high risks.  Lastly, investment professionals may not typically recommend excessive quantities of one single investment product, which could result in an improperly high risk concentration in an investor’s portfolio.

FSEP closed to new investors on November 17, 2016. On December 30, 2016 FSEP increased its share issue price under the distribution reinvestment plan in order to ensure that shares were not issued at a price below the net asset value.

FSEP Investors May Contact Peiffer Rosca Wolf Securities Lawyers

Securities litigation attorneys Alan Rosca and James Booker of the Peifer Rosca Wolf law firm are currently investigating FSEP. Investors who believe they may have lost money investing in FSEP or other business development companies may contact the investors’ rights attorneys at Peiffer Rosca Wolf for a free evaluation of your potential claim.

The Peiffer Rosca Wolf lawyers typically take investor cases on a contingency fee basis, advance case expenses, and only get paid for their fees and expenses if and when they recover money for their customers.  For a free, no obligation evaluation of their legal options, FSEP investors may contact attorneys Alan Rosca and James Booker, toll free at 1.888.998.0520 or via email at arosca@prwlegal.com.

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Traffic Monsoon Investor alert: Traffic Monsoon’s Alleged Fraud is the Subject of a Civil Action Filed by Peiffer Rosca Wolf Lawyers on Behalf of Certain Traffic Monsoon Investors

Traffic Monsoon and Charles Scoville were sued by the Securities and Exchange Commission in July 2016.  Traffic Monsoon and Scoville are alleged to have operated a fraudulent scheme that raised over $200 million from over 160,000 members/investors worldwide.  A receiver has been appointed in that action.

Traffic Monsoon Members Represented by Peiffer Rosca Wolf Lawyers File a New Action to Seek Compensation for Their Losses

Peiffer Rosca Wolf lawyers recently filed a lawsuit in federal court in California on behalf of certain Traffic Monsoon investors against PayPal, Inc. and PayPal Holdings, Inc. This new action seeks to supplement amounts that the Receiver may be able to recover from Traffic Monsoon and Scoville in the Securities and Exchange Commission action.

The Peiffer Rosca Wolf lawyers are not affiliated with the Receiver and their lawsuit is unrelated to the receivership.

Peiffer Rosca Wolf Lawyers Seek to Recover Damages for Traffic Monsoon Investors

Peiffer Rosca Wolf lawyers often represent investors who lose money as a result of alleged fraudulent investment schemes and have been investigating the alleged fraudulent scheme conducted by Traffic Monsoon and Charles Scoville.  The law firm takes most cases of this type on a contingency fee basis and advances the case costs.  The firm only gets paid for fees and costs out of money the firm recovers for clients.

Investors who believe they lost money as a result of Traffic Monsoon’s alleged investment fraud scheme are encouraged to contact Alan Rosca, James Booker or Lydia Floyd in the Cleveland office of Peiffer Rosca Wolf, for a free no-obligation evaluation of their recovery options, at 888-998-0520 or jbooker@prwlegal.com.

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Thomas Edward Andrews— Fraudulent Theft of Investment Funds

Thomas Edward Andrews, Purportedly with the Known Assistance of Scott Walter Christensen, Allegedly Convinced 23 Investors to Put $8.38 million of Savings and Retirement Funds into Two Investments; Andrews Allegedly Solicited Investors, Mostly from a Small Utah Community, into Two Investments,  “the Jackson Trust” and “the Lincoln”

Thomas Edward Andrews, with the knowing assistance of Scott Walter Christensen and from 2010 through the autumn of 2015, allegedly lured 23 investors to put savings and retirement funds into two investments, “the Jackson Trust” and “the Lincoln”, according to an SEC Complaint currently under review by attorneys Alan Rosca and James Booker.

Peiffer Rosca Wolf securities practice lawyers are investigating investment recovery options on behalf of investors in issues related to Thomas Edward Andrews’ alleged investment fraud.

Investors who believe they may have lost money in activity related to Thomas Edward Andrews’ alleged investment fraud are encouraged to contact attorneys Alan Rosca or James Booker with any useful information or for a free, no obligation discussion about their options.

Thomas Edward Andrews allegedly went after investors who were financially unsophisticated and residents of a small rural Utah community, according to the aforementioned SEC Complaint.

Thomas Edward Andrews, a former LPL Financial representative who was employed as an independent contractor by Gary A. York & Associates of Salt Lake City, an office of supervisory jurisdiction of LPL Financial, allegedly made statements to his investors that they were making financial investments, the Complaint reports.

Andrews, however, was allegedly misappropriating investor funds for his own use and the purported aforementioned scheme brought in approximately $8.38 million, the Complaint notes.

A high percentage of Andrews’ alleged victims were people he had previously known while growing up in Nephi, Utah, and many of the individuals had first been clients of a tax, accounting and bookkeeping business run by Andrews’ father, the SEC Complaint notes.

Thomas Edward Andrews and Scott Walter Christensen, directly and indirectly, singly and in concert, have also allegedly made use of the means of interstate commerce and the mails in connection with the transactions, acts and courses of business alleged herein, most of which have occurred within Utah, the Complaint reports.

The Peiffer Rosca Wolf securities lawyers are currently investigating Thomas Edward Andrews’ alleged fraudulent theft of investment funds.

Thomas Edward Andrews Allegedly Began Making Suggestions to his Clients that They Sell off Other Investments and Put Money in “the Jackson Trust”; In reality, the “Jackson Trust” Never Existed and Andrews Allegedly Was Misappropriating Clients’ funds for Personal Use

Thomas Edward Andrews allegedly began urging his clients that they liquidate their other investments and invest in “the Jackson Trust”, according to the aforementioned SEC Complaint currently under review by attorneys Alan Rosca and James Booker.

In reality, the “Jackson Trust” allegedly did not exist and Andrews was simply misappropriating his clients’ funds for personal use, the Complaint reports.

Andrews allegedly organized a bank account called the “Jackson Trust” at a local credit union, and he himself was the trustee and sole signatory, the Complaint reports.

Thomas Edward Andrews, according to the SEC Complaint, allegedly simply deposited the investors’ checks into the aforementioned accounts and over a period of time and purportedly transferred the funds to his own account at the same credit union without the knowledge of his investors.

Thomas Edward Andrews also allegedly never made transfers of his investors’ funds to any legitimate investment, the Complaint notes.

Andrews also allegedly hid his activity related to the Jackson Trust from his supervisor at York & Associates and from LPL and also allegedly made statements to his investors that the Jackson Trust provided 6 to 8.5% annual returns, the Complaint states.

What is more, Thomas Edward Andrews also allegedly promised investors that the investment was of a “guaranteed” nature and also told a few investors specifically that the investment was guaranteed by LPL, the Complaint reports.

Andrews, for example, allegedly told another investor that he also had special access to this particular opportunity because of his contacts with certain so-called “capital companies”, the SEC Complaint notes.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of investment fraud and are currently investigating Thomas Edward Andrews’ alleged fraudulent theft of investment funds. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of Thomas Edward Andrews’ alleged fraudulent theft of investment funds may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com.

from Investment Fraud Lawyers | Investor Loss Recovery http://ift.tt/2pan4fS
via Securitieslitigatos.com