Jerry Lou Guttman — Private Securities Transactions

Jerry Lou Guttman Allegedly Sold over $7,000,000 worth of Membership Interests in at Least Six Different Limited Liability Companies to 31 Firm Customers and Seven Non-customers without First Disclosing the Sales to United Planners

Jerry Lou Guttman, from September 2008 through May 2017, allegedly sold more than $7 million worth of membership interests in at least six different limited liability companies to 31 Firm customers and seven non-customers without first disclosing the sales to United Planners, according to a recent Letter of Acceptance, Waiver, and Consent (AWC) presently being reviewed by attorneys Alan Rosca and James Booker.

Investors who believe they may have lost money in activity related to Jerry Lou Guttman’s alleged 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.

The Peiffer Rosca Wolf securities lawyers are currently investigating Jerry Lou Guttman’s alleged private securities transactions.

Jerry Guttman was a financial advisor and a registered representative of United Planners Financial Services of America from 2001 to October 2017, and he worked at a branch office in Phoenix, Arizona, according to the aforementioned AWC.

What is more, Guttman, who has also allegedly been the subject of three customer complaints, has been affiliated with Guttman Financial Group, Nationwide Planning & Benefits, Champion Entertainment Group, Walled Lake Properties, and Serenity Management, the AWC notes.

Jerry Lou Guttman Barred by FINRA

Jerry Lou Guttman, based on the alleged aforementioned behavior, purportedly violated FINRA Rules and thus, has been barred by FINRA, according to the aforementioned AWC presently under review by attorneys Alan Rosca and James Booker.

FINRA Rules prohibit associated persons from participating “in any manner in a private securities transaction,” without first providing written notice to the registered representative’s firm, the AWC states.

Jerry Lou Guttman was first associated with a FINRA member firm in November 1982 and first registered with a member firm in January 1983, and between January 1983 and October 2001, Guttman was purportedly registered with a number of FINRA member firms, the AWC states.

Guttman is not currently associated with any FINRA member firm, but FINRA retains jurisdiction over him pursuant to FINRA By- Laws, according to the AWC.

Finally one should also note that, according to the AWC,  Jerry Lou Guttman 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 Jerry Lou Guttman’s alleged 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 Jerry Lou Guttman’s alleged 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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Woodbridge Mortgage Investment Fund—Sale of Securities by Unregistered Brokers

Woodbridge Mortgage Investment Fund Allegedly Engaged in the Offer and Sale of Unregistered Securities, the Sale of Securities by Unregistered Brokers, and the Commission of Fraud in Connection with the Offer, Purchase, and Sale of Securities

Woodbridge Mortgage Investment Fund, of Sherman Oaks, California, allegedly engaged in the offer and sale of unregistered securities, the sale of securities by unregistered brokers, and the commission of fraud in connection with the offer, purchase, and sale of securities, according to SEC Documents currently under review by attorneys Alan Rosca and James Booker.

Peiffer Rosca Wolf securities practice lawyers are investigating Woodbridge Mortgage Investment Fund’s alleged implementations of unlicensed individuals selling unregistered securities.

Investors who believe they may have lost money in activity related to Woodbridge Mortgage Investment Fund’s alleged implementations of unlicensed individuals selling 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.

Woodbridge allegedly implemented a network of both internal and external nationwide sales agents which purportedly marketed different investments and these sales agents were allegedly paid various levels of commissions for their work, the Documents state.

Furthermore, Woodbridge also allegedly made sales though material misrepresentations and omissions of fact, such as a lack of registration of the offering, the qualifications of the managers of the funds, the solvency of the company, the risks of the offering, and prior regulatory actions against Woodbridge in Arizona, Texas and Massachusetts, said Complaint also notes.

For example, the Woodbridge Funds were commercial lenders that made hard-money loans secured by commercial property and the Woodbridge Funds purportedly also raised money from investors to help fund the hard cash loans, according to a Massachusetts Enforcement Action.

The Woodbridge Funds allegedly pool money from various investors for each hard-money loan, and the Woodbridge Funds’ promissory notes effectively guarantee the underlying hard-money loans, and the Woodbridge Funds’ advertising materials state that the Woodbridge Funds are obligated to make payments to FPCM investors even if the hard-money borrower defaults, the Action states.

In addition, a separate action has purportedly been filed by the Colorado Commissioner of Securities that alleges that Woodbridge Mortgage purportedly sold securities in violation of Colorado law, according to reports from the Colorado Commissioner of Securities.

The Commissioner further alleges that Woodbridge purportedly raised nearly $60 million from Colorado investors, and that the company implemented unlicensed sales representatives to make sales of unregistered securities via misrepresentations and omissions of material facts.

What is more, the reports from Colorado allegedly named three individuals, James Campbell, Timothy McGuire and Ronald Caskey, who were affiliated with Woodbridge Mortgage Investment Fund and whom were not licensed to make sales of securities, according to a Complaint from the Colorado Commissioner of Securities.

Furthermore, Pennsylvania state officials also allege that, in April of 2017, Woodbridge Wealth allegedly sold complex structured settlement products in the state, in purported direct violation of the state’s securities regulations, according to the Pennsylvania Bureau of Securities Compliance and Examinations.

Pennsylvania financial regulators determined that Woodbridge Wealth was allegedly selling unregistered securities, which is a purported legal violation, according to Reports from Pennsylvania. Woodbridge Wealth was allegedly fined $30,000 but Woodbridge did not admit to or deny any wrongdoing in the course of offering structured settlements to investors in Pennsylvania, said Reports note.

Woodbridge Allegedly Raised Worked with Several Thousand Investors Nationwide through Various Investment Offerings via Various Forms and Structures to Raise over $1 Billion

Woodbridge worked with several thousand investors nationwide to raise more than $1 billion through multiple investment offerings using various forms and structures, according to the aforementioned Court Reports being reviewed by attorneys Alan Rosca and James Booker.

For example, regarding the Woodbridge Mortgage Investment Fund III, LLC, Woodbridge allegedly made a filing with the Commission on September 18, 2015, a Form D stating that it had raised $36,330,251 from a potential offering of $50,000,000, the Reports note.

The Court Reports further allege that a network of both internal and external nationwide sales agents allegedly market different investments and these sales agents are allegedly paid various levels of commissions for their work, the Reports state.

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 Woodbridge Mortgage Investment Fund’s alleged implementations of unlicensed individuals. 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 Woodbridge Mortgage Investment Fund’s alleged implementations of unlicensed individuals 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 Costa Kelter— Investment Fraud

Jay Costa Kelter, a Former Investment Advisor and Formerly Known as Ignatius J. Costa, III, Allegedly Defrauded an Elderly Brentwood Woman out of $1.4 Million

Jay Costa Kelter, 48, and formerly known as Ignatius J. Costa, III, allegedly defrauded an Elderly Brentwood out of about $1.4 million, according to Court Documents from the U.S. Attorney’s Office in the Middle District of Tennessee currently under review by attorneys Alan Rosca and James Booker.

Peiffer Rosca Wolf securities practice lawyers are investigating Jay Costa Kelter’s alleged investment fraud.

Investors who believe they may have lost money in activity related to Jay Costa Kelter’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 indictment allegedly makes assertions that Kelter was purportedly affiliated with a Florida-based insurance and investment company and that Kelter allegedly convinced the purported victim to initiate investment accounts with a discount brokerage firm company by allegedly making false assertions that he was working for the discount brokerage company, according to the aforementioned Court Reports.

Kelter allegedly often posed as the victim investor in order to execute trades and make transfers of funds to accounts which he personally owned or controlled, the Reports note.

Jay Costa Kelter Indicted on Five Counts of Wire Fraud, 16 Counts of Mail Fraud and Securities Fraud

A federal grand jury indicted Jay Costa Kelter, formerly known as Ignatius J. Costa, III, 48, on Wednesday on five counts of wire fraud, 16 counts of mail fraud and securities fraud, according to the aforementioned Report being reviewed by attorneys Alan Rosca and James Booker.

If convicted, Kelter faces up to 20 years in prison on each count and up to a $5 million fine, the Reports note.

Kelter allegedly also spent thousands of the victim’s investment funds for personal use including purchases and payments for luxury including a Mercedes, a Lamborghini, and a $101,400 Bentley, and over $21,000 for custom jewelry, the Reports note. What is more, the indictment also alleges that Kelter used some of the client funds to repay other investment clients, a telltale sign of a Ponzi scheme, the Reports state.

Jay Costa Kelter worked at Berthel, Fisher & Company Financial Services from 2007 to 2013, according to Kelter’s FINRA BrokerCheck Report.

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 Costa Kelter’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 Jay Costa Kelter’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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David Albert Ross — Accepting Customer Loans without Disclosure & Undisclosed Outside Business Activities

David Albert Ross Allegedly Accepted Customer Loans, Totaling $89,000, without Disclosure and also Allegedly Engaged in Two Undisclosed Outside Business Activities

David Albert Ross, beginning in 2008 and up to his termination in 2016, and during his employment with two member firms (Signator Investors, Inc. and Woodbury Financial Services, Inc.), allegedly engaged in a pattern of misconduct, according to a recent Letter of Acceptance, Waiver, and Consent (AWC) presently being reviewed by attorneys Alan Rosca and James Booker.

Investors who believe they may have lost money in activity related to David Albert Ross’s alleged acceptance of customer loans and 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 David Albert Ross’s alleged acceptance of customer loans and outside business activities.

David Albert Ross’s alleged pattern of misconduct allegedly included taking loans from firm customers, engaging in undisclosed outside business activities, and making false attestations in firm compliance questionnaires, according to the aforementioned AWC.

Ross, specifically, from 2008 until 2016, allegedly accepted five loans from four firm customers totaling $89,000 in violation of NASD and FINRA Rules and also allegedly engaged in two undisclosed outside business activities, the AWC notes.

Said allegations allegedly also included serving as board director of a firm customer in violation of NASD and F1NRA Rules, the AWC states.

David Albert Ross Suspended by FINRA

David Albert Ross, through the aforementioned alleged violations, allegedly violated NASD and FINRA Rules, according to the aforementioned AWC presently under review by attorneys Alan Rosca and James Booker.

Ross, in addition, on eight compliance questionnaires, allegedly falsely attested that he was aware of, and complied with, Signator’s and Woodbury’s policies and procedures concerning OBAs and loans. Therefore, Ross also allegedly violated NASD and FINRA Rules for this additional reason, the AWC notes.

On April 15, 2016, Woodbury reportedly filed a Uniform Termination Notice for Securities Registration with FINRA disclosing that it terminated Ross on April 15, 2016 for “failing to disclose an outside business activity, accepting loans from firm clients and other violations of firm policies and procedures”, the AWC reports.

Finally one should also note that, according to the AWC, David Albert Ross 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 David Albert Ross’s alleged acceptance of customer loans and 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 David Albert Ross’s alleged acceptance of customer loans and 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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Steven Simmons— Ponzi Scheme

Steven Simmons Recently Pleaded Guilty to One Alleged Count of Conspiracy after Being Charged in an Alleged $81 Million “Hamilton” Ponzi Scheme

Steven Simmons, 48, of Wilton, Connecticut, was charged in January in an alleged $81 million “Hamilton” Ponzi scheme and subsequently pleaded guilty Monday to one count of conspiracy, according to Court Reports from a Manhattan federal court currently under review by attorneys Alan Rosca and James Booker.

Peiffer Rosca Wolf securities practice lawyers are investigating Steven Simmons’ alleged “Hamilton” Ponzi scheme.

Investors who believe they may have lost money in activity related to Steven Simmons’ alleged “Hamilton” Ponzi 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.

Steven Simmons, between 2013 and January  2017, allegedly solicited more than $6 million in investments for a hedge fund which allegedly sold tickets for big events like the Broadway hit “Hamilton”, according to the aforementioned Court Reports.

Simmons, however, allegedly misappropriated some of the clients’ funds for his own personal use and also allegedly used the rest of the funds to pay back prior investors, a telltale sign of a purported a Ponzi-like scheme, the Reports note.

Simmons, between the aforementioned time, allegedly solicited investments by making false representations to investors that their money would be used by the hedge fund for legitimate and specific investment purposes, that they would get back a specific rates of return, and that their investments would not be placed at risk or commingled with other funds, the Court Reports state.

U.S. Attorney Joon H. Kim has made the following statement:

“Steven Simmons engaged in one of the oldest frauds in the book: using investor funds to pay back earlier investors, all while skimming funds off the top for his own personal use. When investors demanded the returns promised to them, they learned that the entire investment was just a scam. Now Simmons, who admitted his guilt in court today, will answer for his crimes.”

In reality, Simmons not only allegedly failed to invest the investor monies as promised, but, instead, diverted investor funds for his own personal own use and also, together with others, purportedly used the money in a Ponzi-like fashion to fund the repayment of earlier investors in the hedge fund whose redemption requests could not be forestalled, the Reports state.

Steven Simmons Allegedly Provided Investors with False Monthly Statements and has Purportedly Agreed to Forfeit $6,900,000

Steven Simmons allegedly solicited investment funds from an entity known as “Victim Entity-1” for the purported purpose of delivering payments of an earlier investor in the aforementioned Hedge Fund, according to Court Reports from a Manhattan federal court presently being examined by attorneys Alan Rosca and James Booker.

Within minutes of their reception by the Hedge Fund a majority of the purported victims of Entity-1’s funds were allegedly wired to the earlier investor, the Reports note.

Simmons, in a later consensually recorded conversation with a so-called cooperating witness, allegedly expressed concerns that Victim Entity-1 would then contact the portfolio managers with whom it believed its funds were invested and purportedly make the revelation that “there’s no . . . money.”, according to Court Reports.

Simmons, in part of the alleged aforementioned fraudulent scheme, also allegedly created and provided investors with false monthly statements, the Reports note.

Simmons, as a result, has purportedly pled guilty to one count of conspiracy to commit securities fraud and wire fraud, and the conspiracy count holds a maximum sentence of five years in prison and a maximum fine of $250,000, or twice the gross gain or loss from the offense, the Reports state.

What is more, pursuant to a purported plea agreement with the Government, Simmons allegedly agreed to forfeit $6,900,000, the Reports state.

The maximum potential sentence in this case is prescribed by Congress, according to the aforementioned Reports, and any sentencing of the defendant will be determined by the judge, and Simmons will be reportedly be sentenced at a date set by the Court, 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 Steven Simmons’ alleged “Hamilton” Ponzi 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 Steven Simmons’ alleged “Hamilton” Ponzi 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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Gopi Vungarala — Alleged Investment Fraud

Gopi Krishna Vungarala Allegedly Induced a Native American Tribe to Invest Hundreds of Millions of Dollars in Non-traded Real Estate Investment Trusts and Business Development Companies, without Disclosing that He and His Firm Took Commissions on the Sales

Gopi Vungarala, from at least June 2011 through January 2015, and through his firm, PKS, allegedly regularly lied to his customer, known only as ST, a Native American tribe, regarding the investments he recommended, 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 Gopi Vungarala’s alleged investment fraud.

Investors who believe they may have lost money in activity related to Gopi Vungarala’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.

Vungarala allegedly fraudulently induced the aforementioned tribe to invest hundreds of millions of dollars in non-traded real estate investment trusts and business development companies, but also allegedly failed to reveal that he and his firm received commissions on the sales (usually seven percent) or the availability of certain volume discounts, according to the aforementioned Complaint.

Gopi Vungarala, in November 2008, was hired by the Native American tribe as its first in-house Investment Manager to manage its investment portfolio, the Complaint notes.

Vungarala allegedly joined the staff of the Tribe’s Treasury Department, which purportedly managed the tribe’s investments, and members of the tribe allegedly relied on Vungarala as their in-house investment professional, the Complaint states. The tribe also allegedly did not have much investment experience and were not familiar with securities brokerage-industry terminology and practices.

Gopi Vungarala Barred by FINRA and Ordered to Disgorge $9,682,629 in Commissions

Gopi Krishna Vungarala, based on the alleged aforementioned behavior, allegedly violated FINRA Rules and therefore has been barred by FINRA and ordered to disgorge his unlawful gain in the amount of $9,682,629 together with pre-judgment interest from January 18, 2015, until paid, according to the aforementioned Complaint being reviewed by attorneys Alan Rosca and James Booker.

Vungarala was allegedly the only Treasury Department employee who had any significant investment experience beyond having a 401(k) account and hence Vungarala allegedly took advantage of the Tribe’s trust and lack of sophistication by making false and misleading statements that concealed his personal financial interest in steering the Tribe to investing in Real Estate Investment Trusts (REIT’s) and Business Development Companies (BDC’s), the Complaint notes.

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 Gopi Vungarala’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 Gopi Vungarala’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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Landon Williams – Alleged False and Misleading Statements to Customers

Landon L. Williams – Alleged False and Misleading Statements to Customers and/or Allegedly Failed to Disclose Material Information about Securities Transactions that he was Purportedly Recommending to Customers

Landon Williams, between March 5, 2014 and July 23, 2014, allegedly participated in telephone conversations with customers wherein he made false and misleading statements to customers and also purportedly and/or failed to disclose material information about securities transactions that he was recommending to the 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 Landon Williams’ alleged false and misleading statements to customers.

Investors who believe they may have lost money in activity related to Landon Williams’ alleged false and misleading statements to customers are encouraged to contact attorneys Alan Rosca or James Booker with any useful information or for a free, no obligation discussion about their options.

What is more, in addition to the alleged connection with each telephone conversation, Landon Williams, as required by his member firm’s policies and procedures, allegedly electronically entered notes in the firm’s Team Track software application describing his discussion with, and disclosures made to the aforementioned customer, the Complaint reports.

Williams, in his Team Track entries, allegedly made false statements about what he discussed with and disclosed to the customer, the Complaint states.

Landon L. Williams Allegedly Suspended and Fined $10,000 by FINRA

Williams, by allegedly entering false information in Team Track, purportedly caused his member firm’s books and records to be inaccurate, and in doing so, allegedly violated FINRA Rules, the Complaint reports.

Hence, Williams has been fined $10,000 by FINRA and suspended for two years from s ordered that Respondent be fined $10,000 and suspended for two years from association with any FINRA member firm in all capacitates, the Complaint states.

Landon Williams, from July 8, 2013 until August 6, 2014, was employed by Merrill Lynch as a Financial Solutions Advisor (FSA) in the firm’s Merrill Edge Advisory Center business unit, the Complaint reports.

Landon Williams, between March 5, 2014 and July 23, 2014, allegedly participated in telephone conversations with five separate Merrill Lynch customers — specifically, people known as ASA, RLC, GDC, JLM, and RBS, the Complaint states.

During the telephone conversations with ASA, RLC, GDC, JLM, and RBS, respectively, Williams allegedly made false and/or misleading statements, and/or failed to disclose material information about securities transactions that he was recommending, the Complaint notes.

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 Landon Williams’ alleged false and misleading statements to customers. 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 Landon Williams’ alleged false and misleading statements to customers 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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David Apted – Private Securities Transactions

David Apted Allegedly Engaged in Private Securities Transactions with Two Customers who Invested over $300,000 in a Venture-capital Fund

David Apted allegedly engaged in private securities transactions with two customers who invested over $300,000 in a certain venture-capital fund, according to a recent Letter of Acceptance, Waiver, and Consent (AWC) presently being reviewed by attorneys Alan Rosca and James Booker.

Investors who believe they may have lost money in activity related to David Apted‘s alleged engagement 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.

The Peiffer Rosca Wolf securities lawyers are currently investigating David Apted‘s alleged engaged in private securities transactions.

Apted also allegedly shared non-public information about 39 customer to a broker-dealer that he planned to join, and also allegedly sent more than 150 tweets regarding securities without his firm approval, the AWC notes.

David Apted Suspended and Fined $10,000 by FINRA

David Apted, based on the aforementioned behavior, allegedly violated FINRA Rules and therefore allegedly violated FINRA Rules, according to the aforementioned AWC currently being reviewed by attorneys Alan Rosca and James Booker.

The story begins in December of 2015, when Apted reportedly decided to move from Smith, Moore to Forest Securities in mid-January 2016, but, due to various delays, allegedly made repeated postponements of the date of his move, and eventually joined Forest Securities two months later than he originally anticipated, the AWC notes.

In the meantime two people expressed interest to Apted in investing in a certain venture-capital fund, and, even though Smith, Moore allegedly offered that fund, Apted allegedly referred the investors to Forest Securities for the purpose of investing in the fund, the AWC notes.

Apted then allegedly participated in the investors’ dealings with the fund, explaining its structure and costs, advising the investors about its portfolio, helping to prepare their subscription agreements, arranging and attending a meeting between one investor and the fund’s representatives, and handling a wire transfer for the other investor’s investment, the AWC states.

Between early January and mid-February 2016, said investors allegedly collectively invested more than $300,000 in the fund and Apted allegedly did not notify Smith, Moore about those transactions or his role in them, the AWC reports.

FINRA Rules prohibits associated persons from participating in any manner in a private securities transaction without first notifying their firms in writing about the transaction, their role in it, and whether they will or may receive selling compensation, the AWC notes.

Finally, one should also note that, according to the AWC, David Apted 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 David Apted‘s alleged engagement 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 David Apted‘s alleged engagement 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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