John N. Furkioti—Outside Business Activity

John N. Furkioti Allegedly Approved the Participation of a First American Securities, Inc. Rep in a Private Offering as an “Outside Business Activity” Rather than as a Private Securities Transaction

John N. Furkioti allegedly approved the participation of a First American Securities, Inc. rep, known only as TB, in a private offering as an “outside business activity” rather than as a private securities transaction, according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC) currently under review by attorneys Alan Rosca and Joe Peiffer.

TB was allegedly presented with an exclusive opportunity to sell debt units of a private offering being conducted by an entity owned by a person, known only as CP, associated with the BD – First American Securities, the aforementioned AWC notes.

The Peiffer Rosca Wolf securities lawyers are currently investigating John N. Furkioti’s alleged approval of a private offering as an “outside business activity” rather than as a private securities transaction.

John N. Furkioti Suspended and Fined $10,000 by FINRA; TB, as a Part of the Offering, Allegedly Sold $1.645 Million in Short-term and Medium-term Notes to 20 First American Customers and Received $189,000 in Commissions

TB, as a part of the offering, allegedly sold $1.645 million in short-term and medium-term notes to 20 First American customers and received $189,000 in commissions, according to the aforementioned AWC currently under review by attorneys Alan Rosca and Joe Peiffer.

As a result of the aforementioned behavior, Furkioti allegedly violated NASD and FINRA Rules and deferred a fine of $10,000 and a one month suspension from associating with any FINRA registered firm in a principal capacity.

One should also note that, according to the AWC, John N. Furkioti 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 mislabeling of private securities transactions, and are currently investigating John N. Furkioti’s alleged approval of the participation of a private offering as an “outside business activity” rather than as a private securities transaction.  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 N. Furkioti’s alleged approval of the participation of a private offering as an “outside business activity” rather than as a private securities transaction may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free no-obligation evaluation of their recovery options, at 888-998-0520.

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Providence Financial Investments Inc.—Securities Fraud, Unregistered Securities Offering

Providence Financial Investments Inc. Allegedly Raised $64 Million from 420 Investors to Invest in Purportedly Unregistered Promissory Notes Used to Finance the Purchase of Accounts Receivable in Brazil

Providence Financial Investments Inc., based in Miami, allegedly raised $64 million from 420 U.S. investors to invest in unregistered promissory notes used to purportedly finance the purchase of accounts receivable in Brazil, according to a federal court filing in Minneapolis currently under review by attorneys Alan Rosca and James Booker.

The SEC has labeled the investment scheme as an “ongoing fraudulent and unregistered securities offering”, further claiming that said securities have not been registered with the SEC and brokers selling them are unregistered, according to the aforementioned filing reports.

The Peiffer Rosca Wolf securities lawyers are currently investigating Providence Financial Investments Inc. alleged unregistered securities offerings.

Providence and its Brokers Allegedly Failed to Disclose to Investors that Brokers Were Paid a 6% Commission for Selling Securities, that Providence Execs Received Nearly $9 Million in Compensation from the Firm’s U.S. Entities in Four Years

Providence and its brokers allegedly failed to disclose to investors that brokers were paid a 6 percent commission for selling said securities, and that executives from Providence purportedly received nearly $9 million in compensation from the firm’s U.S. entities over four years, according to a federal court filing in Minneapolis currently being examined by attorneys Alan Rosca and James Booker.

Furthermore, the SEC alleges that only two-thirds of investors’ money went toward Brazilian receivables and that in 2015 the firm owed investors $64 million, while in contrast their Brazilian affiliates held only $10.6 million in receivables assets.

Finally, the SEC reports that Providence execs have been “unable to answer basic questions about their organizational structure, their use of investor proceeds and their financial condition,” the SEC said.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of participation in unregistered securities offerings and are currently investigating Providence Financial Investments Inc.’s alleged participation in unregistered securities offerings. 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 Providence Financial Investments Inc.’s alleged participation in unregistered securities offerings are encouraged to contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca and James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520.

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William Bucci—Investment Fraud

William Bucci Allegedly Made False Representations to Several Brokerage Clients that he was Initiating High End Italian Olive Oil and Wine Import Business; Clients and Investors Allegedly Sank $1,284,000 into the Purported Scheme

William Bucci, beginning as early as 2004, allegedly made false representations to several brokerage clients that he was opening a business an Italian olive oil and wine import business, according to recent Documents from the U.S. Attorney’s Office in the Eastern District of Pennsylvania currently under review by attorneys Alan Rosca and Joe Peiffer.

Bucci, as a result of the aforementioned representations, took in approximately $1,284,000 from clients and other, but, rather than investing the money, Bucci allegedly spent it on his own expenses, the aforementioned Documents report.

The Peiffer Rosca Wolf securities lawyers are currently investigating William Bucci’s alleged olive oil and wine import investment fraud.

William Bucci Allegedly Induced Others to Loan Him Money after Representing that He Would Put Cash toward a Down Payment on the Purchase of Real Estate on the Renowned Jersey Shore

William Bucci, between 2004 and 2012, allegedly induced individuals to loan him money based on representations that he would put the cash toward a down payment on real estate on the New Jersey shore and would repay it with significant interest, according to the aforementioned Documents from the U.S. Attorney’s Office in the Eastern District of Pennsylvania currently under review by attorneys Alan Rosca and Joe Peiffer.

Bucci, instead, said Documents report, allegedly victims’ money for his own purposes, including payments toward his large credit card debt and to pay earlier victims.

As a result of the aforementioned and alleged fraud schemes, Bucci purportedly obtained approximately $2.9 million between 2007 and 2011, but Bucci allegedly did not report any of the money he took from the scheme on his tax returns for those tax years, the aforementioned Documents report.

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 William Bucci’s alleged false representations to 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 William Bucci’s alleged false representations to investors may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free no-obligation evaluation of their recovery options, at 888-998-0520.

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Andrew Todd Yocum– Effected Unauthorized Transactions, Exercised Discretion without Written Authorization

New Orleans stockbroker fraud attorney

Andrew Todd Yocum Allegedly Effected Unauthorized Transactions, Exercised Discretion without Written Authorization, and Purportedly Recommended Unsuitable Concentrated Purchases of Energy Sector Securities to Senior Investors

Andrew Todd Yocum allegedly executed unauthorized transactions, exercised discretion without written authorization, and purportedly recommended unsuitable concentrated purchases of energy sector securities to senior investors, according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC) currently under review by attorneys Alan Rosca and Joe Peiffer.

Andrew Todd Yocum allegedly has 15 customer disputes disclosed on his FINRA profile, the oldest of which is dated May 2015, and most of customers allege unsuitability and that the accounts were over-concentrated in oil & gas related securities, the AWC reports.

The Peiffer Rosca Wolf securities lawyers are currently investigating Andrew Todd Yocum’s alleged unauthorized transactions.

Andrew Todd Yocum Barred by FINRA for Alleged Failure to Appear for On-the-record Testimony Regarding an Investigation into Alleged Unauthorized Transactions

On March 30, 2016, FINRA Staff sent a request to Yocum for on-the-record testimony pursuant to FINRA Rules, according to the aforementioned AWC currently under review by attorneys Alan Rosca and Joe Peiffer.

Yocum acknowledges that he received FINRA’s request and would not appear for on-the record testimony at any time, and hence, violated FINRA Rules and has been barred by FINRA, the AWC reports.

One should also note that, according to the AWC, Andrew Todd Yocum 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 unauthorized transactions and are currently investigating Andrew Todd Yocum’s alleged unauthorized 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 Andrew Todd Yocum’s alleged unauthorized may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free no-obligation evaluation of their recovery options, at 888-998-0520.

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American Realty Capital Global Trust II, Healthcare Trust, Realty Finance Trust, American Realty Capital - Retail Centers of America, American Realty Capital Healthcare Trust III, American Finance Trust, or Global Net Lease

AR Global -Related REITs’ Proposed Merger Investigated by Securities Lawyers on Behalf of Potentially Disadvantaged Investors The Peiffer Rosca Wolf securities attorneys are investigating potential claims and preparing to take action on behalf of investors who invested in a number of real-estate investment trusts controlled by AR Global, a New York-based asset manager. Specifically, AR Global’s American Finance Trust Inc. and Global Net Lease Inc. are expected to acquire five other real estate companies managed by the firm, including Healthcare Trust Inc., Realty Finance Trust Inc., American Realty Capital – Retail Centers of America Inc., American Realty Capital Healthcare Trust III Inc., and American Realty Capital Global Trust II Inc. However, this proposed consolidation may only be good for management not shareholders. Because the acquiring REITS have unusual, difficult to break 20-year advisory contracts with AR Global, by consolidating the other REITS that do not have the same 20-year advisory contracts, AR Global, as the manager of two larger REITS, would create a larger source of fee revenue over a long period of time, benefiting the managing partners of AR Global not the shareholders. In fact, a former independent director of two nontraded real estate investment trusts controlled by AR Global claims “a manifest conflict of interest” in the potential merger of the REITs. The independent director went on to further say “I am highly suspect as to whether a merger of RFT into [American Finance Trust] is in the best interest of our shareholders and unless and until we fully analyze our other options, I am concerned about our legal exposure,” and adding that corporate governance at the company was, at best, “shoddy.”

Jean Walsh-Josephson Allegedly Stole $4 Million from Elderly Clients over Past Ten Years

Jean Walsh-Josephson, a longtime Oshkosh financial adviser for Thrivent Financial for Lutherans, allegedly stole $4 million from elderly clients over the past 10 years, according to a Wisconsin civil action dated April 21 currently under review by attorneys Alan Rosca and Joe Peiffer. Walsh-Josephson, who is looking at more than 20 criminal charges of forgery, theft and resisting an officer in Winnebago and Outagamie counties, and also had her insurance license taken away, according to the aforementioned state civil action. The Peiffer Rosca Wolf securities lawyers are currently investigating Jean Walsh-Josephson’s alleged theft of $4 million from elderly clients. Jean Walsh-Josephson Ordered to Pay More than $1,500,000 in Civil Fines and Restitution Following Accusations She Allegedly Stole $4 million from Elderly Clients over Past Ten Years; Clients Literally Came to Walsh-Josephson with Buckets of Cash

Securities Lawyers in New Orleans

Mr. Carr practices in the areas of commercial litigation, securities arbitration, insurance disputes, and class actions.

Daniel graduated summa cum laude from Tulane University Law School in 2006. At Tulane, he served as Senior Articles Editor for the Tulane Law Review and was a fellow in the Legal Analysis program. Before attending law school, Daniel received a B.A. in English from the University of New Orleans, where he was a Patrick F. Taylor National Merit Scholar.

Prior to joining the firm, Daniel served as a law clerk to the Honorable Jacques L. Wiener, Jr., of the United States Court of Appeals for the Fifth Circuit and practiced at a commercial litigation firm in New Orleans.

Daniel is licensed to practice law in New Orleans, Louisiana, Fifth Circuit, Eastern, Middle, and Western Districts of Louisiana.