Scott Newsholme— $1.8 Million Investment Scam

New Jersey’s Scott Newsholme, 42, Allegedly Orchestrated a $1.8 Million Investment Scam; Newsholme Arrested by FBI and IRS Special Agents and Charged with Mail Fraud, Wire Fraud, and Securities Fraud

Scott Newsholme, an investment advisor from Farmingdale, New Jersey allegedly defrauded his investment clients out of more than $1.8 million by allegedly selling them purportedly bogus securities, annuities and life insurance, and other investment vehicles, according to reports from federal authorities currently under review by attorneys Alan Rosca and James Booker.

Investors who believe they may have lost money in activity related to Scott Newsholme’s    alleged investment scam 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 Scott Newsholme’s    alleged investment scam.

Newsholme was reportedly arrested by FBI and IRS special agents and has been charged with one count each of mail fraud, wire fraud, and securities fraud, according to an announcement from acting U.S. Attorney William E. Fitzpatrick.

Newsholme, since 2002, has owned and operated up to three different financial advisory and tax return preparation businesses, and then between 2007 and 2016, he allegedly made recommendations to several they invest their money with him, said reports note.

Newsholme Allegedly Recommended Clients to Invest in a Private New Jersey Country Club, a Bond Investment, a Video-game Production Company, and a Film Project

Newsholme allegedly recommended to clients on their behalf to buy various securities, including bond instruments issued by a private New Jersey country club, a bond investment in a video-game production company, and investments in the production of a movie, according to the aforementioned reports from federal authorities presently being reviewed by attorneys Alan Rosca and James Booker.

Newsholme also allegedly represented to clients that he would put their money in other traditional investment tools such as mutual funds, annuities, life insurance policies, college education accounts, and money market funds, said reports note.

Said reports also allegedly directed his investment clients to send money to him or one of his companies in order that he could execute the investments on their behalf, the reports state.

Newsholme, however, as opposed to investing the cash as promised, allegedly used the funds for personal expenses, including multiple vehicles, bedroom furniture, debits at casinos, bank transfers to Newsholme’s personal bank accounts, and ATM withdrawals, the reports state.

Amazingly, in many cases, the investments that Newsholme recommended allegedly did not even exist, the reports note.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of investment-related fraud or misconduct and are currently investigating Scott Newsholme’s alleged investment scam and are in touch with 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 lost money as a result of Scott Newsholme’s alleged investment scam 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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Aspirity Holdings / Tim Krieger— Investigation of Potential Misconduct Related to Energy Trading Business

Aspirity’s Principal, Former Iowa State Wrestling Champ Tim Krieger, Made Millions in Commodities Trading but Investors in His Aspirity Energy Could be Out up to $30 Million After the Minnesota-based Firm Filed for Bankruptcy

Have you or a loved one invested money with Tim Krieger’s Aspirity Holdings? The Peiffer Rosca Wolf investor right lawyers are investigating Aspirity Holdings to determine whether misconduct occurred, following Aspirity’s bankruptcy.

Tim Krieger won national championships on the wrestling mats at Iowa State in the 1980’s and then blossomed in the competitive world of commodities trading. Krieger reportedly started as a stockbroker back in 1995, and made loads of money by wagering in the unknown world of electricity futures.

Krieger, however, has accumulated 20 years in the trading business, but now has hundreds of investors who may lose millions in unsecured notes that were used to finance his company’s operations, according to a recent report from the Star Tribune currently under review by currently under review by attorneys Alan Rosca and James Booker and available here.

Aspirity Holdings investors who believe they may have lost money invested in that company 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 Aspirity Holdings to determine whether any misconduct occurred, in the wake of that company’s bankruptcy. No allegations of misconduct are being made by the law firm at this time.

Krieger went on to found his own company which grew quickly and expanded into new cities, and even Canada, but signs of trouble reportedly arose in 2011 when ex-employees made allegations that he took salary payments of $18 million before giving many employees the sack and closing the doors not the firm, according to the aforementioned report.

One former employee also made statements to the SEC that Krieger had allegedly orchestrated acts of fraud when he moved millions of dollars in assets out of the business and thus made it impossible to meet its financial obligations, the Star Tribune reports states, while Krieger himself recently indicated that he is looking at “financial ruin” and that the SEC will be involved in this matter.

Krieger Has Allegedly Been Forced to Market up to $50 Million in Unsecured Subordinated Notes, or a Diminutive Form of So-called Junk Bonds

Aspirity’s Tim Krieger has reportedly lost the support of his main financial backer but still purportedly has to pay back over $30 million to that individual and his partners, a move that nearly destroyed Twin Cities Power, as Aspirity Energy was called before 2015, according to the aforementioned report from the Star Tribune being analyzed by attorneys Alan Rosca and James Booker.

The move purportedly prompted Krieger to shut down operations in Canada, a decision which delivered $15 million to $20 million in capital but also took down Twin Cities Power’s most profitable desk, the report claims.

Krieger then allegedly went took to the internet to market up to $50 million in unsecured subordinated notes, a type of so-called junk bond, the report states. Said buyers were purportedly investors on the lookout for  high yields of up to 14 percent, according to the report.

Tim Krieger, in 2015, reportedly personally took in over $5 million, mostly through distributions of the firm’s plummeting cash reserves whilst Aspirity took losses of $4.7 million, the report notes. By 2016, Aspirity allegedly lost $12.9 million on revenue of $13.5 million, and its auditors issued a warning of “going concern”, the report notes.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of investment-related misconduct or fraud and are currently investigating Aspirity to determine whether any misconduct occurred.  They are in touch with Aspirity 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 lost money invested in Aspirity as a result of potential misconduct 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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George Dahl—Alleged Outside Business Activities

George Dahl Allegedly Performed Outside Business Activities for Compensation without Providing Written Notice to Revere Securities, His Member Firm

George Dahl, a New York-based Revere Securities broker, allegedly performed outside business activities for compensation without providing written notice to his member firm, Revere Securities, 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 George Dahl’s alleged outside business activities 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 George Dahl’s alleged outside business activities.

George Dahl allegedly acted as a broker or otherwise allegedly associated with firms that sell securities to the public, according to the aforementioned AWC.

On July 5, 2017, FINRA Staff purportedly sent a request to Dahl to appear on July 21, 2017 for an on-the-record interview pursuant to FINRA Rules, and on July 21, 2017, Dahl purportedly appeared for the on-the-record interview, the AWC states. Dahl, however, allegedly refused to provide testimony to the Staff, the AWC notes.

George Dahl Barred by FINRA

George Dahl, by virtue of the foregoing and aforementioned behavior, allegedly violated FINRA Rules, according to the aforementioned AWC currently under review by attorneys Alan Rosca and James Booker.

FINRA Rules clearly state that FINRA may “require a member, person associated with a member, or any other person subject to FINRA’s jurisdiction to provide information orally, in writing, or electronically… with respect to any matter involved in the investigation … “and that “[n]o member or person shall fail to provide information or testimony… pursuant to this Rule”, the AWC notes.

George Dahl has spent 44 years in the securities industry and was most recently registered with Revere Securities in New York, New York, and previous registrations include Newport Coast Securities in Irvine, California; Wedbush Securities in Newport Beach, California; Brookstreet Securities in San Juan Capistrano, California; the Seidler Companies Incorporated in Irvine, California; RBC Dain Rauscher in New York, New York; and Sutro & Company in San Francisco, California.

According to Dahl’s FINRA BrokerCheck report, he has received two FINRA sanctions, six customer complaints and one pending customer complaint.

One should also note that, according to the AWC, George Dahl, who entered the securities industry in 1993, 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 George Dahl’s alleged outside business activities. 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 George Dahl’s alleged outside business activities 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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Bryan Lightsey – Alleged Material Misrepresentations

Bryan C. Lightsey Allegedly Made Material Misrepresentations on Multiple Customer variable Annuity Applications

Bryan Lightsey, a former broker in Boca Raton, Florida, allegedly made material misrepresentations on multiple customer variable annuity applications, 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 Bryan Lightsey’s alleged material misrepresentations 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 Bryan Lightsey’s alleged material misrepresentations.

Bryan Lightsey, who was reportedly terminated by AXA Advisors in 2016 after seven years with the firm, received a request from FINRA staff, through counsel, for on-the-record testimony connected with an inquiry into the circumstances surrounding Lightsey’s discharge from AXA, according to the aforementioned AWC.

Lightsey began his securities career at Variable Annuity Marketing Company in 2001 and moved later that year to AIG Retirement Advisors, where he remained until 2008, according to FINRA. Lightsey is now no longer registered with any FINRA member firm, the AWC notes, but remains subject to FINRA’s jurisdiction

Lightsey was then registered with International Assets Advisory from March 2016 until August 29, 2016, but is no longer registered with any FINRA member firm, according to his FINRA BrokerCheck report

Lightsey, as purportedly represented by counsel to FINRA staff, and agreement of the AWC, allegedly acknowledged that he received FINRA’s request and will not appear for on-the record testimony at any time, the AWC states.

Bryan Lightsey Barred by FINRA

Lightsey, by refusing to appear for on-the-record testimony as requested pursuant to FINRA Rules, allegedly violated FINRA Rules, according to the aforementioned AWC currently under review by attorneys Alan Rosca and James Booker.

Lightsey has allegedly also consented to the imposition of a bar from association with any FINRA member firm in all capacities, the AWC notes. .

Lightsey’s FINRA BrokerCheck Report also reports that in August of 2016, he was fined $25,000, and prohibited from submitting an application for registration for 12 months, by the Florida Office of Financial Regulation, for allegations of misrepresentation, false statement, concealment of material fact, fraudulent transactions and engaging in prohibited business practices, the AWC notes.

One should also note that, according to the AWC, Bryan Lightsey, 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 Bryan Lightsey’s alleged material misrepresentations. 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 Bryan Lightsey’s alleged material misrepresentations 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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Steven Dash & Stephen Zipkin—Selling Unregistered Securities

Steven G. Dash and Stephen P. Zipkin, of Hallmark Investments, Inc., Allegedly Sold 39,600 Unregistered Shares of Avalanche International Corp. (AVLP) which Hallmark Purportedly Acquired Pursuant to a Consulting Agreement to Approximately 14 Firm Customers

Steven Dash and Stephen Zipkin of Hallmark Investments, Inc. allegedly sold 39,600 unregistered shares of Avalanche International Corp. (AVLP), which Hallmark had purportedly acquired pursuant to a consulting agreement, to approximately fourteen firm customers at fraudulently inflated prices, 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 Steven Dash and Stephen Zipkin’s alleged sale of unregistered securities transactions.

Investors who believe they may have lost money in activity related to Steven Dash and Stephen Zipkin’s alleged sale of unregistered 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.

Hallmark, Dash and Zipkin allegedly implemented the use of an outside brokerage firm, manipulative trading, and making misleading trade confirmations to sell nearly 40,000 shares of stock that the firm owned to 14 customers at fraudulently inflated prices, according to the aforementioned Complaint.

Hallmark, purportedly at Dash’s behest, used a pre-arranged trading scheme to sell said shares to the clients at $3.00 per share while at the time the public offering price for Avalanche shares was merely $2.05 per share wherein Hallmark sold Avalanche shares to other customers at prices as low as 80 cents, the Complaint states.

Hallmark, Dash and Zipkin allegedly never made disclosures to said customers that the shares they were purchasing belonged to Hallmark, and that the firm was charging huge mark-ups on the transactions, the Complaint reports.

What is more, the firm was allegedly selling Avalanche shares to other customers during the same period at quite lower prices, or that the shares could be bought for substantially less on the open market, the Complaint notes. As a result of the foregoing behavior, Hallmark, Dash and Zipkin allegedly violated NASD and FINRA Rules, the Complaint states.

FINRA Expels Hallmark Investments, Inc., Bars CEO Steven Dash and Suspends and Fines Zipkin Suspended for Two Years and Fined over $18,000 in Restitution

FINRA recently announced that it has expelled New York-based Hallmark Investments, Inc. and barred its Chief Executive Officer, Steven G. Dash, in connection with an alleged scheme to sell shares of stock to customers at fraudulently inflated prices, according to the aforementioned Complaint from FINRA’s Department of Enforcement presently being reviewed by attorneys Alan Rosca and James Booker.

FINRA also purportedly suspended Hallmark representative Stephen Zipkin for two years and has allegedly required him to pay more than $18,000 in restitution to affected customers, the Complaint notes.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged investment-related fraud or misconduct and are currently investigating Steven Dash and Stephen Zipkin’s alleged sale of unregistered 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 Steven Dash and Stephen Zipkin’s alleged sale of unregistered 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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Paul Blum– Customer Complaints and Arbitration Claims Alleging Unsuitable Trading

Paul Vincent Blum Allegedly Engaged in Unsuitable Trading

Have you or a loved one invested your hard-earned money with Paul Blum?

Paul Blum fell under a FINRA investigation in 2017 regarding allegations regarding customer complaints and arbitration claims alleging, among other things, unsuitable trading, 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 Paul Vincent Blum’s alleged unsuitable 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 Paul Vincent Blum’s alleged unsuitable trading.

Blum has allegedly 23 customer complaints with many of them purportedly concerning his recommendations of energy sector investments to clients who had not wanted to speculate or were unwilling to hold high levels of risk which is known to exist in the energy sector, according to the aforementioned AWC.

Several of said complaints have been settled by Blum’s employers, including RBC, the AWC notes, and other clients have also make accusations against Blum regarding alleged misrepresentations concerning bonds, and including the taxable nature of certain bonds, the AWC reports.

Paul Blum Barred by FINRA

Paul Blum, on July 21, 2017, allegedly received a written request for on-the-record testimony from FINRA staff pursuant to FINRA Rules, according to the aforementioned AWC currently under review by attorneys Alan Rosca and James Booker.

As stated in Blum’s counsel’s email to FINRA of July 25, 2017, Blum acknowledges that he received FINRA’s request and would not appear for on-the-record testimony in front of FINRA, the AWC notes.

Blum, as a result of his failure to cooperate in the regulatory investigation of FINRA, allegedly violated FINRA Rules and thus has been barred from association with any FINRA member, which would include any and all securities brokerages in the United States, the AWC reports.

Blum first became associated with a FINRA member firm in August 1981, and in October 2009, Blum allegedly became registered with RBC Capital Markets, LLC until RBC Capital terminated Blum’s registration on November 11, 2015, the AWC states.

One should also note that, according to the AWC, Paul Blum 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 Paul Vincent Blum’s alleged unsuitable 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 Paul Vincent Blum’s alleged unsuitable 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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Jay Dee Jordan—Recommendation and Execution of Hundreds of Unsuitable Purchases of Nontraditional ETF’s

Jay Dee Jordan Allegedly Recommended and Executed Hundreds of Unsuitable Purchases of Nontraditional ETFs in His Customers’ Accounts; Jordan’s Unsuitable Recommendations in Nontraditional ETFs in the 79 Clients’ Accounts Resulted in Realized and Unrealized Customer Losses Exceeding $8.4 million

Jay Dee Jordan allegedly recommended and executed hundreds of unsuitable purchases of nontraditional ETFs in his customers’ accounts 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 Jay Dee Jordan’s alleged recommendation and execution of hundreds of unsuitable purchases of nontraditional ETF’s 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 Jay Dee Jordan’s alleged recommendation and execution of hundreds of unsuitable purchases of nontraditional ETF’s.

The aforementioned AWC also alleges that Jordan effected transactions in nontraditional ETFs in 84 of the 153 accounts for which he was purportedly the assigned registered representative. In sum, Jordan allegedly recommended that his clients made purchases over $22 million in nontraditional ETFs, the AWC notes.

In 79 of the aforementioned 84 accounts the positions were allegedly held longer than thirty days, and on many occasions, said positions were purportedly held for years, the AWC states.

Jordan’s unsuitable recommendations in nontraditional ETFs in the 79 clients’ accounts resulted in realized and unrealized customer losses exceeding $8.4 million for positions held longer than thirty days, while Jordan and the firm received gross commissions of approximately $810,000 from non-traditional ETF transactions

Jay Dee Jordan Barred by FINRA

Jay Dee Jordan received a letter from FINRA staff on December 1, 2016, and he allegedly failed to timely produce the requested information or to seek an extension by the specified deadline, according to the aforementioned AWC currently under review by attorneys Alan Rosca and James Booker.

Jordan, by allegedly refusing to produce documents and information that were requested pursuant to FINRA Rules, allegedly violated FINRA Rules and hence has been barred from associating with any FINRA member in any capacity, the AWC states.

One should also note that, according to the AWC, Jay Dee Jordan 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-related fraud or misconduct and are currently investigating Jay Dee Jordan’s alleged recommendation and execution of hundreds of unsuitable purchases of nontraditional ETF’s. 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 Jay Dee Jordan’s alleged recommendation and execution of hundreds of unsuitable purchases of nontraditional ETF’s 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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Aspirity Holdings — Investment Misconduct Investigation

Investors in Tim Krieger’s Aspirity Energy Could be out up to $30 Million Following the Golden Valley-Based Firm’s Bankruptcy Filing; Krieger Won National Championships as a Star Wrestler for Iowa State and Went on to Make Millions in Commodities Trading

Have you or a loved one lost money investing with Tim Krieger’s Aspirity Energy?

Tim Krieger was a star wrestler at Iowa State in the 1980’s and soon turned to commodities trading to fill the void left by no longer grappling on the mats.

Krieger started as a stockbroker in 1995 and after 20 years in trading, now has more than 700 investors who may lose approximately $30 million in unsecured loans that were used to fund his operations, according to a breaking report from the Star Tribune currently under review by attorneys Alan Rosca and James Booker and available here.

Investors who believe they may have lost money in activity related to Tim Krieger’s commodities program 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 Tim Krieger’s commodities program, Aspirity, and are in touch with investors.

Krieger’s company grew quickly and expanded into many cities, and even Canada, but trouble reportedly arose in 2011 when former employees allege that he took $18 million out for his own salary before firing many employees and shutting the firm’s doors, according to the aforementioned report.

Krieger has even allegedly gone so far as to tell a court the he faces “financial ruin”, and one former employee also told the SEC that Krieger allegedly improperly moved millions of dollars in assets out of the business and thus rendered it unable to meet its financial obligations, the reports states.

Krieger Purportedly Lost His Main Backer and Was Allegedly Forced to Market up to $50 Million in Unsecured Subordinated Notes, or a Small-time Form of So-called Junk Bonds

Tim Krieger had to pay back over $30 million to his main backer, a move that nearly decimated Twin Cities Power, as Aspirity Energy was known before 2015, according to the aforementioned report from the Star Tribune being analyzed by attorneys Alan Rosca and James Booker.

Krieger then shut down operations in Canada, which delivered $15 million to $20 million in capital but also took down Twin Cities Power’s most profitable desk, the report claims.

Krieger then allegedly went online to market up to $50 million in unsecured subordinated notes, a type of so-called junk bond, the report states. Said buyers were purportedly investors on the lookout for high yields of up to 14 percent, according to the report.

Then, in 2015, with Twin Cities Power allegedly nosediving, Twin Cities Power became Aspirity, and the majority of its remaining assets (including the core trading business were allegedly transferred to Krieger’s private company which is now known as Diversified Trading, the report states.

The problem, however, was that the new company’s business was selling retail electricity to homeowners in deregulated states which was allegedly not very profitable, records state.

In sum, in 2015 Krieger allegedly personally took in over $5 million, mostly through distributions of the firm’s plummeting cash reserves whilst Aspirity took losses of $4.7 million, the report notes. By 2016, Aspirity allegedly lost $12.9 million on revenue of $13.5 million, and its auditors issued a “going concern” warning, the report notes.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of investment-related misconduct and are currently investigating Aspirity. They are in touch with Aspirity investors. They typically 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 invested in Aspirity 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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Frederick D. Houck— Alleged Discretionary Trading

Frederick Houck Allegedly Engaged in Discretionary Trading and Purportedly Executed 491 Transactions in the Accounts of Two Customers without Permission from Freedom Investors Corp

Frederick Houck, from August 2011 through September 2015, allegedly engaged in exercised discretion in executing 491 transactions in the accounts of two customers pursuant to a recommended investment strategy, 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 Frederick Houck’s alleged discretionary 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 Frederick Houck’s alleged discretionary trading.

Houck, of Spokane, Washington, allegedly did not have permission from his former brokerage firm, Freedom Investors Corp., to engage in this type of trading, the AWC states.

Houck has also been the subject of one customer complaint, alleging claims of negligence, excessive trading, churning, and breach of fiduciary duty.  Houck was also affiliated with Strategic Finance Partners.

In addition, while said conduct was ongoing during December of 2014, Houck allegedly submitted to Freedom and Acknowledgement of its Standards of Conduct, which Houck initialed and signed to certify, in contradiction to his alleged ongoing course of conduct, that he would not exercise any discretionary power in effecting a transaction for a customer’s account, the AWC states.

Frederick Houck Suspended Two Months by FINRA for Alleged Discretionary Trading

Frederick Houck has been suspended from the securities industry by FINRA suspended for two months regarding allegations that he engaged in discretionary trading (on 491 occasions) without the proper written permission to do so, according to the aforementioned AWC currently under review by attorneys Alan Rosca and James Booker.

Fredrick Houck entered the securities industry in August of 2003 as a general securities representative with a  FINRA member firm and was also registered as a general securities representative with Freedom Investors Corp from April 2007 until June of 2016, and is not currently associated with a FINRA-registered firm, the AWC reports.

One should also note that, according to the AWC, Frederick Houck 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 Frederick Houck’s alleged discretionary 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 Frederick Houck’s alleged discretionary 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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Jonathan Freeze — Alleged Unsuitable Recommendations of Variable Annuities

Jonathan Freeze, Formerly of LPL Financial, Allegedly Made Unsuitable Recommendations to His Customers to Invest in Variable Annuities

Jonathan Freeze, of Fredericksburg, Virginia, and formerly of LPL Financial, allegedly made unsuitable recommendation of variable annuities, according to a a recent Letter of Acceptance, Waiver and Consent (AWC) currently under review by attorneys Alan Rosca and James Booker.

Peiffer Rosca Wolf securities practice lawyers are investigating Jonathan Freeze’s alleged unsuitable recommendations.

Investors who believe they may have lost money in activity related to Jonathan Freeze’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.

Jonathan Freeze, on June 20, 2017, in connection to an investigation regarding the aforementioned recommendation of unsuitable annuities, received a request from FINRA requesting that he provide certain documents and information, according to the aforementioned AWC.

Freeze purportedly did not provide the requested documents and information, and on July 7, 2017, FINRA staff sent a second request again seeking the same documents and information, the AWC notes.

Freeze, as acknowledged by his counsel in a response dated on July 24, 2017, allegedly acknowledged that he received FINRA’s request for documents and information and that he would not produce said information at any time, the AWC states.

Jonathan Freeze Barred by FINRA

Jonathan Freeze, based on the aforementioned behavior, allegedly violated FINRA Rules, and hence, has been barred by FINRA, according to the aforementioned AWC currently under review by attorneys Alan Rosca and James Booker.

Jonathan Freeze was a financial advisor and registered representative of LPL Financial from March 2009 to July 2013, the AWC states. He was also affiliated with Summit Brokerage Services from July 2013 to July 2015, and with Fortune Financial Services from July 2015 to April 2017, the AWC notes.

One should also note that, according to the AWC, Jonathan Freeze 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 Jonathan Freeze’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 Jonathan Freeze’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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Adam Veron— Alleged Private Securities Transactions without Proper Notice

Adam K. Veron Formed Contract Funding & Corporate Management LLC (CFCM) and Allegedly then Sold Approximately $1.8 Million of CFCM Shares to Nine Questar Customers and $50,000 of Shares to One Non-customer, All Without Informing Questar

Adam Veron formed Contract Funding & Corporate Management LLC (CFCM) and then allegedly sold approximately $1.8 Million of CFCM shares to nine Questar customers and $50,000 of shares to one non-customer without informing Questar, 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 Adam Veron’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 Adam Veron’s alleged private securities transactions without proper notice.

Adam Veron, of Lake Charles, LA, allegedly failed to submit proper written notification to Questar and to receive approval for the venture prior to starting the company, the aforementioned AWC states.

Furthermore, Veron also allegedly did not reveal the existence of CFCM in annual compliance questionnaires he was required to complete, the AWC notes.

Adam Veron Barred by FINRA for Allegedly Selling Away

Adam Veron allegedly sold shares away from his firm, and therefore violated NASD and FINRA Rules, according to the aforementioned AWC currently under review by attorneys Alan Rosca and James Booker.

Hence, Veron has been barred from the securities industry by FINRA , the AWC notes.

CFCM purportedly provides a line of credit to Company A, which uses the funds to fulfill its federal procurement contracts and, in turn, passes on a portion of its profits to CFCM, the AWC reports.

Veron has also allegedly since repaid two investors the amount of their investment plus interest, the AWC states.

Veron reportedly worked at Questar from September 2013 to February 2017 and also at LPL Financial in Lake Charles from September 2009 to September 2013, the AWC reports.

Finally, one should also note that, according to the AWC,  Adam K. Veron 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  Adam K. Veron’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 Adam K. Veron’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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John Correnti— Alleged Undisclosed Outside Business Activities

John P. Correnti, of Cleveland, Ohio, Allegedly Engaged in Outside Business Activities

John Correnti, of Cleveland, Ohio, allegedly engaged in outside business activities, 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 John Correnti’s alleged undisclosed outside business activities 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 John Correnti’s alleged undisclosed outside business activities.

Correnti worked at AXA Advisors in Cleveland, Ohio, and was reportedly terminated by the firm in July of 2016 “due to his apparent involvement in the possible market manipulation of a low price security”, according to his FINRA BrokerCheck Report. Correnti had worked for less than a year with AXA, FINRA notes.

Correnti’s FINRA BrokerCheck also reveals that on December 4, 2012, a customer initiated investment related civil action involving Correnti’s alleged conduct which was settled for $14,990.00 in damages, where the customer’s claim was rooted in allegations of breach of contract, misrepresentation, negligence, breach of fiduciary duty, and fraud pertaining to the customer’s investments in financial futures and commodity futures.

Correnti’s activities were investigated to make a determination into possible federal securities laws violations in addition to violations of FINRA rules, according to the AWC.

John Correnti Barred by FINRA for failing to provide testimony and documents connected with an investigation into possible rule violations.

John Correnti allegedly failed to provide complete responses to FINRA’s requests for documents and information and provided incomplete on-the-record testimony in connection with an investigation into whether he engaged in undisclosed outside business activities, according to the aforementioned AWC currently under review by attorneys Alan Rosca and James Booker.

John Correnti, based on the foregoing behavior, allegedly violated FINRA Rules and therefore has been barred by FINRA from association with any FINRA member in any capacity, the AWC reports.

Correnti began his securities career in 2007 at MVP Financial and moved to Forest Securities in 2015, and then joined AXA Advisors later that year, the AWC notes.

One should also note that, according to the AWC, John Correnti 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  John Correnti’s alleged undisclosed outside business activities. 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 John Correnti’s alleged undisclosed outside business activities 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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Elaine LaCerte — Alleged Unsuitable Pattern of Short-term Trading

Elaine D. LaCerte Allegedly Engaged in an Unsuitable Short-term Trading of Unit Investment Trusts (UIT’s) in 107 Customer Accounts

Elaine LaCerte, between July 1, 2012 and December 31, 2014, allegedly engaged in an unsuitable short-term trading pattern of unit investment trusts (UIT’s) in customer accounts, 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 Elaine LaCerte‘s alleged unsuitable short-term trading of unit investment trusts (UIT’s) 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 Elaine LaCerte‘s alleged unsuitable short-term trading of unit investment trusts (UIT’s).

Elaine LaCerte was registered as a General Securities Representative with Morgan Stanley from June 2009 to August 2016, and her alleged unsuitable short-term trading of unit investment trusts (UIT’s) purportedly involved 107 customer accounts, the AWC notes. LaCerte then allegedly made purchases of new, different UITs, the AWC notes.

FINRA alleges this purported system to be unsuitable in view of the alleged frequency and costs of trading, the AWC reports. LaCerte’s recommendations caused the customers to incur unnecessary sales charges, and were unsuitable in view of the frequency and cost of the transactions, the AWC states.

The majority of the UlTs that LaCerte allegedly recommended had maturity dates of at least 24 months and carried sales charges ranging from 1.95% to 3.95%, and the average holding period for the UITs purchased in these customers’ accounts was less than 300 days, the AWC reports.

Elaine LaCerte Suspended Six Months and Fined $5,000 by FINRA

Elaine LaCerte, based on the alleged foregoing behavior, allegedly violated NASD and FINRA Rules, and hence has been suspended six months and fined $5,000, according to the aforementioned AWC currently under review by attorneys Alan Rosca and James Booker.

LaCerte also has worked at branch offices in Colorado Springs, Colorado. LaCerte has allegedly been the subject of at least five customer complaints, at least three of which allegedly involved complaints about Unit Investment Trusts, the AWC notes.

One should also note that, according to the AWC, Elaine LaCerte 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 Elaine LaCerte‘s alleged unsuitable short-term trading of unit investment trusts (UIT’s). 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 Elaine LaCerte‘s alleged unsuitable short-term trading of unit investment trusts (UIT’s) 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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Christopher Brogdon Investor Alert: Brogdon Bankruptcy Filing

Christopher Brogdon, the organizer of several municipal bond offerings accused of fraud by the Securities and Exchange Commission in 2015, filed a bankruptcy petition on September 15, 2017 in the United States Bankruptcy Court for the Northern District of Georgia.  He sought that the bankruptcy be maintained under Ch. 11 of the Bankruptcy Code.

Brogdon has been sued by the SEC for securities fraud in November 2015, and invoked his privilege not to testify under the Fifth Amendment, during a deposition with SEC lawyers and while being asked about the muni bond investment programs he allegedly organized. The Commission’s case is pending in New Jersey federal district court.

The SEC accused Brogdon of perpetrating many offerings of securities in the form of municipal bond offerings and private placements and raising money from investors under false pretenses. Brogdon told his investors that their investments would be used for nursing homes and assisted living and retirement facilities, when in reality he diverted some of the money to finance his exorbitant lifestyle and used other proceeds to make Ponzi-like transfers to investors in other Brogdon bond offerings, the SEC alleged.

In the SEC’s case, the Court ordered Brogdon to abide by a repayment plan to pay back his investors. Brogdon’s recently-filed bankruptcy petition raises additional concerns regarding the repayment of his investors.

The investor right lawyers at Peiffer Rosca Wolf filed a class action lawsuit in August 2016 on behalf of a group of Brogdon bond investors, seeking compensation for any money those investors lost as a result of their Brogdon muni bond investments. The focus of the lawsuit is upon a bank that acted as a trustee for numerous bond offerings orchestrated by Brogdon, as well as on two underwriters who helped promote the Brogdon bonds, and their respective principals. The Peiffer Rosca Wolf lawsuit is alleging that those entities assisted in the perpetration of Brogdon’s bond offerings with knowledge of improprieties, and/or that they were negligent in assisting Brogdon’s offerings, in violation of their duties. The Peiffer Rosca Wolf lawyers seek compensation on behalf of victimized Brogdon investors.  Their case is currently pending in the United States District Court for the District of New Jersey.

Investors in Brogdon-orchestrated securities offerings, either muni bonds or private placements, are encouraged to contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, to provide information and/or for a free, no-obligation discuss about your rights and legal options, via email at arosca@prwlegal.com or jbooker@prwlegal.com, or via phone at 888-998-0520 or 216-589-9280.

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FEDERAL EMPLOYEE BENEFIT COUNSELORS A/K/A KEYSTONE CAPITAL PARTNERS, INC., CHRISTOPHER LAWS, JONATHAN COOKE, DANNY HOOD AND BRANDON LONG ALLEGED TO HAVE FRAUDULENTLY INDUCED FEDERAL EMPLOYEES TO MOVE FUNDS FROM THEIR FEDERAL RETIREMENT ACCOUNTS INTO VARIABLE ANNUITY PRODUCTS ACCORDING TO A COMPLAINT FILED BY THE SECURITIES AND EXCHANGE COMMISSION

Federal Employee Benefit Counselors a/k/a Keystone Capital Partners, Inc., Christopher Laws, Jonathan Cooke, Danny Hood and Brandon Long are the subject of Securities and Exchange Commission complaint filed in the United States District Court for the Northern District of Georgia that is currently under review by attorneys Alan Rosca, Lydia Floyd and James Booker.

The SEC Complaint alleges that Federal Employee Benefit Counselors and the other defendants induced federal employees to transfer funds from their Thrift Savings Plan accounts into variable annuity products promoted by Federal Employee Benefit Counselors and that had much higher costs than options available through government plans.  Federal Employee Benefit Counselors allegedly mislead investors that these annuities were affiliated with the federal retirement plan or otherwise approved by the federal government.

Investors who believe that they may have lost money caused by investing in annuities through Federal Employee Benefit Counselors a/k/a Keystone Capital Partners, Inc., Christopher Laws, Jonathan Cooke, Danny Hood and Brandon Long are encouraged to contact attorneys Alan Rosca or Lydia Floyd with any useful information or for a free, no obligation discussion about their options.

PEIFFER ROSCA WOLF LAWYERS INVESTIGATING

Peiffer Rosca Wolf lawyers often represent investors who lose money as a result of alleged fraudulent investment schemes and are currently investigating the alleged fraudulent scheme conducted by Federal Employee Benefit Counselors a/k/a Keystone Capital Partners, Inc., Christopher Laws, Jonathan Cooke, Danny Hood and Brandon Long.  Our 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 that they may have lost money as a result of Federal Employee Benefit Counselors a/k/a Keystone Capital Partners, Inc., Christopher Laws, Jonathan Cooke, Danny Hood and Brandon Long alleged investment fraud are encouraged to contact Alan Rosca, Lydia Floyd or James Booker 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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