Business Development Companies

Archive | Business Development Companies

VII Peaks Capital Owner Sanctioned By SEC

Gurpreet Singh Chandhoke (also known as Gurprit Singh Chandhoke), of Orinda, California, a stockbroker formerly registered with Arete Wealth Management LLC, and owner of VII Peaks Capital LLC, has been suspended by Securities and Exchange Commission (SEC) for twelve months from being a stockbroker or investment adviser representative, and ordered to cease and desist from […]

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Kalos Capital Stockbroker Accused Of Breach Of Fiduciary Duty

October 19, 2021  |   Posted by :   |   Business Development Companies, Failure to Conduct Due Diligence, FINRA Securities Arbitration, Investment and Regulatory News, Non-traded REITs   |   Comments Off on Kalos Capital Stockbroker Accused Of Breach Of Fiduciary Duty

David Michael Lademan of Okemos Michigan a stockbroker formerly registered with Kalos Capital Inc. is referenced in a customer initiated investment related written complaint on August 18, 2021, in which the customer requested compensatory damages founded on allegations of false statements and omissions relating to business development company (BDC), real estate security (REIT), equipment leasing, […]

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Investors File FINRA Securities Arbitration Claim Against Cetera For Unsuitable Investments

October 08, 2021  |   Posted by :   |   Business Development Companies, FINRA Securities Arbitration, Investment and Regulatory News   |   Comments Off on Investors File FINRA Securities Arbitration Claim Against Cetera For Unsuitable Investments

Charles Edward Krsek (also known as Chuck Krsek) of The Villages Florida a stockbroker formerly registered with Cetera Advisors LLC is the subject of a customer initiated investment related FINRA securities arbitration claim which was settled to resolve allegations that Krsek provided unsuitable recommendations to the customer as it pertained to the purchase of a […]

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Investors Accuse LPL Financial Of Unsuitable Alternative Investment Recommendations

September 03, 2021  |   Posted by :   |   Alternative Investments, Business Development Companies, Elder Financial Abuse, Investment and Regulatory News   |   Comments Off on Investors Accuse LPL Financial Of Unsuitable Alternative Investment Recommendations

Donald Stephen Woods of Louisville Kentucky a stockbroker formerly registered with LPL Financial LLC is the subject of a customer initiated investment related written complaint on April 30, 2021 where the customer sought $69,000.00 in damages based upon accusations of Woods making unsuitable recommendations of business development companies and real estate securities when he was […]

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LPL Stockbroker Sanctioned For Unsuitable Recommendations

July 07, 2021  |   Posted by :   |   Business Development Companies, FINRA Securities Arbitration, Investment and Regulatory News, Unsuitable Investment Recommendations   |   Comments Off on LPL Stockbroker Sanctioned For Unsuitable Recommendations

Kevin Marshall McCallum of Birmingham Alabama a stockbroker formerly registered with LPL Financial LLC has been fined $25,000.00 and suspended for one year from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he provided customers with unsuitable recommendations relating to a speculative business development company. Letter of […]

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Investors File FINRA Securities Arbitration Claim Against Berthel Fisher

June 12, 2021  |   Posted by :   |   Business Development Companies, FINRA Securities Arbitration, Investment and Regulatory News, Non-traded REITs   |   Comments Off on Investors File FINRA Securities Arbitration Claim Against Berthel Fisher

Farrukh Shazad Kazmi of Moorestown New Jersey a stockbroker currently registered with Berthel Fisher Company Financial Services is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought $350,000.00 in damages founded on allegations of failed due diligence relating to the customer’s investment in a business development company and real […]

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Investors File Arbitration Claim Against Centaurus Financial

May 31, 2021  |   Posted by :   |   Business Development Companies, FINRA Securities Arbitration, Investment and Regulatory News, Non-traded REITs   |   Comments Off on Investors File Arbitration Claim Against Centaurus Financial

Galen Kyle Kopman of Vancouver Washington a stockbroker formerly registered with Centaurus Financial Inc. is the subject of a customer initiated investment related FINRA securities arbitration claim which was resolved for $30,774.00 in damages founded on accusations that Kopman had the customer invest in high-risk and illiquid investments. Financial Industry Regulatory Authority (FINRA) Arbitration No. […]

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Investors File Securities Arbitration Claim Against First Allied Securities

March 31, 2021  |   Posted by :   |   Alternative Investments, Breach of Fiduciary Duty, Business Development Companies, Failure To Supervise, FINRA Securities Arbitration, Investment and Regulatory News, Unsuitable Investment Recommendations   |   Comments Off on Investors File Securities Arbitration Claim Against First Allied Securities

Jeffrey Guy Labelle (also known as Jeff Labelle) of Sarasota Florida a stockbroker formerly registered with First Allied Securities is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer requested $150,000.00 in damages founded on accusations that the customer’s First Allied Securities account had been negligently supervised and that […]

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Ameriprise Sued By Investors For BDC Fraud

March 18, 2021  |   Posted by :   |   Alternative Investments, Breach of Fiduciary Duty, Business Development Companies, Investment and Regulatory News   |   Comments Off on Ameriprise Sued By Investors For BDC Fraud

Mark Allen Barrand of Denver Colorado a stockbroker formerly registered with Ameriprise Financial Services is referenced in a customer initiated investment related FINRA securities arbitration claim which was settled for $25,000.00 in damages based upon accusations that the customer had been advised by Barrand to invest in Business Development Corporation of America when Barrand was […]

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Investors Sue Investacorp For Unsuitable REIT Sales

February 16, 2021  |   Posted by :   |   Business Development Companies, FINRA Securities Arbitration, Investment and Regulatory News, Non-traded REITs, Unsuitable Investment Recommendations   |   Comments Off on Investors Sue Investacorp For Unsuitable REIT Sales

William Franklin Richardson Jr. (also known as Frank Richardson Jr.) of Houston Texas a former stockbroker and investment adviser representative of Investacorp has been referenced in a customer initiated investment related FINRA securities arbitration claim where the customer requested unspecified damages founded on accusations that they had been sold unsuitable business development company products and […]

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FINRA Charges DH Hill Stockbroker In Investigation

December 22, 2020  |   Posted by :   |   Breach of Fiduciary Duty, Business Development Companies, Investment and Regulatory News   |   Comments Off on FINRA Charges DH Hill Stockbroker In Investigation

Charles Thomas Stevens of Saint Augustine Florida a stockbroker formerly registered with DH Hill Securities LLLP has been charged by Financial industry Regulatory Authority (FINRA) Department of Enforcement with failing to testify regarding allegations of his concealment of judgements and tax liens. Department of Enforcement v. Charles Thomas Stevens. 2017056627801 (Dec. 1, 2020). According to […]

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Investors Bring FINRA Arbitration Claim Against H. Beck For Misrepresentation

November 04, 2020  |   Posted by :   |   Business Development Companies, Non-traded REITs, Securities Arbitration Claims   |   Comments Off on Investors Bring FINRA Arbitration Claim Against H. Beck For Misrepresentation

John Tweardy Jr. of Canonsburg Pennsylvania a stockbroker formerly registered with H. Beck Inc. is the subject of a customer initiated investment related arbitration claim where the customer requested $1,175,000.00 in damages founded on allegations that the customer had been placed into bad variable annuity, real estate investment trust and business development company products by […]

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Investors Claim LPL Financial Made Unsuitable Energy Securities Recommendations

September 30, 2020  |   Posted by :   |   Breach of Fiduciary Duty, Business Development Companies, Private Placement Fraud, Securities Arbitration Claims   |   Comments Off on Investors Claim LPL Financial Made Unsuitable Energy Securities Recommendations

William Perry Randall (also known as W. Perry Randall) of Rockford Illinois a stockbroker formerly registered with LPL Financial LLC is the subject of a customer initiated investment related arbitration claim in which the customer sought $40,000.00 in damages based upon accusations that the customer had been advised to invest in energy sector investments which […]

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Investors Sue Marlton Stockbroker For Breach Of Fiduciary Duty

September 30, 2020  |   Posted by :   |   Business Development Companies, FINRA Securities Arbitration, Investment and Regulatory News, Securities Arbitration Claims, Stockbroker Negligence   |   Comments Off on Investors Sue Marlton Stockbroker For Breach Of Fiduciary Duty

Barry David Abrams of Marlton New Jersey a stockbroker formerly employed by Ameriprise Financial Services is referenced in a customer initiated investment related arbitration claim where the customer sought $20,000.00 in damages based upon accusations that the customer had been placed into unsuitable investments including Corporate Capital Trust and FS Energy and Power (FSEP) which […]

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Berthel Fisher Sued For Alternative Investment Fraud

August 27, 2020  |   Posted by :   |   Alternative Investments, Business Development Companies, Direct Participation Programs, Securities Arbitration Claims, Securities Fraud, Unsuitable Investment Recommendations   |   Comments Off on Berthel Fisher Sued For Alternative Investment Fraud

Alvery Anthony Bartlett Jr. of Saint Louis Missouri a stockbroker formerly employed by Berthel Fisher Company Financial Services has been identified in a customer initiated investment related arbitration claim where the customer sought more than $5,000.00 in estimated damages founded on accusations that customers were placed into unsuitable alternative investments and that Berthel Fisher’s negligence […]

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Investors Sue Cetera For Unsuitable Private Placement Sales

August 27, 2020  |   Posted by :   |   Business Development Companies, Non-traded REITs, Private Placement Fraud, Securities Arbitration Claims, Unsuitable Investment Recommendations   |   Comments Off on Investors Sue Cetera For Unsuitable Private Placement Sales

Susan Lavon Welo of Mayville North Dakota a stockbroker formerly employed by Cetera Advisor Networks LLC has been identified in a customer initiated investment related arbitration claim where the customer sought $100,000.00 in damages founded on accusations of unsuitable private placements being sold to the customer while Welo was employed by Securities America Inc. and […]

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Investors Sue GF Investment Services For BDC Fraud

May 12, 2020  |   Posted by :   |   Alternative Investments, Business Development Companies, Securities Arbitration Claims, Securities Fraud   |   Comments Off on Investors Sue GF Investment Services For BDC Fraud

Ricardo William Cabrera (also known as Rick Cabrera) of Henderson Nevada a stockbroker formerly associated with GF Investment Services LLC has been referenced in a customer initiated investment related arbitration claim which was settled for $14,000.00 in damages supported by allegations that Cabrera’s recommendations of alternative investments including business development companies and real estate securities […]

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Triad Advisors Sued By Investors For Stockbroker Theft

April 08, 2020  |   Posted by :   |   Business Development Companies, Misappropriation of Funds, Securities Arbitration Claims, Stockbroker Theft   |   Comments Off on Triad Advisors Sued By Investors For Stockbroker Theft

Christopher Thomas Tolmacs (also known as Chris Tolmacs) of Portage Michigan a stockbroker formerly registered with Triad Advisors Inc. is the subject of a customer initiated investment related arbitration claim which was settled for $95,000.00 in damages based upon allegations that (1) the customer was placed in bad alternative investments including business development company (BDC) […]

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Berthel Fisher Sued For Misrepresentation

John William Carroll of Maumee Ohio a stockbroker formerly registered with Berthel Fisher Company Financial Services Inc. is the subject of a customer initiated investment related arbitration claim in which the customer requested damages estimated to exceed $5,000.00 supported by accusations that (1) misrepresentations had been made to the customer regarding the terms and conditions […]

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FINRA Brings Actiopn Against Stockbroker For Unsuitable REIT Sales

Mercer Hicks III (also known as Toby Hicks) of Pinehurst North Carolina a stockbroker formerly registered with Capital Investment Group Inc. has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement in a Complaint alleging that his advice to customers regarding non-traded business development companies and non-traded real estate investment trust products was […]

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H. Beck Accused Of BDC Misrepresentation

John Tweardy Jr. of Canonsburg Pennsylvania a stockbroker formerly employed by H. Beck Inc. is referenced in a customer initiated investment related complaint on July 16, 2019 where the customer requested $3,250,000.00 in damages supported by allegations that between December 3, 2013 and May 24, 2019: false or misleading statements had been made by Tweardy […]

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IFG Sued By Investors Over Alternative Investments

Angelo Talebi of Sherman Oaks California a stockbroker formerly employed by Independent Financial Group LLC and Royal Alliance Associates Inc. is the subject of a customer initiated investment related arbitration claim in which the customer requested between $100,000.00 and $500,000.00 in damages supported by accusations that (1) false or misleading statements had been made by […]

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Investors Sue Woodbury Financial For Unsuitable REITs

Robert Scott Ginsberg (also known as Bob Scott Ginsberg) of Wallingford Connecticut a stockbroker currently registered with Woodbury Financial Services Inc. is the subject of a customer initiated investment related arbitration claim in which the customer sought $500,000.00 in damages based upon accusations that the customer had been placed into unsuitable business development companies (BDC) […]

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LPL Sued For Bad BDC Recommendations

Galen Kyle Kopman of Vancouver Washington a stockbroker formerly registered with LPL Financial LLC is the subject of a customer initiated investment related arbitration claim where the customer requested $160,000.00 in damages based upon accusations that (1) unfounded statements and omissions had been made by Kopman in regards to risks of direct investments including business […]

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Independent Financial Group Sued For Misrepresentation

Shawn Bruce Davis of Auburn California a stockbroker formerly employed by Independent Financial Group LLC is the subject of a customer initiated investment related civil action brought in the Superior Court of the State of California in which the customer requested unspecified damages founded on accusations that (1) false or misleading statements had been made […]

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Berthel Fisher Company Sued For BDC Misconduct

Jonathan Todd Pyne (also known as Jon Pyne) of Minneapolis Minnesota a stockbroker currently registered with Berthel Fischer Company Financial Services Inc. is the subject of a customer initiated investment related arbitration claim which settled for $9,500.00 in damages based upon accusations that between 2007 and 2015: (1) false or misleading statements had been made […]

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Titan Securities Sued By Investors For Selling Unregistered Investments

Rodger Sprouse of Overland Park Kansas a stockbroker currently employed by Titan Securities of Addison Texas (CRD No. 131392) of is the subject of an investment related civil action in the Circuit Court of Jackson County Missouri where the investor sought $210,000.00 in damages based upon accusations that Sprouse sold the investor a structured cash […]

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Berthel Fisher Sued By Investors For REIT Fraud

Joshua Eugene Stroud of Springfield Oregon a stockbroker formerly employed by Berthel Fisher Company Financial Services Inc. is the subject of a customer initiated investment related arbitration claim which was resolved for $22,500.00 in damages supported by allegations that (1) Stroud made misrepresentations to the customer concerning business development company and real estate security investments […]

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Lincoln Investment Accused Of Falsifying Information

Delores Jean Yezbak of Cleveland Ohio a stockbroker formerly registered with Lincoln Investment is referenced in a customer initiated investment related written complaint on June 15, 2017 in which the customer sought $70,000.00 in damages supported by allegations that (1) the customer’s account documentation contained false statements in regard to the customer’s income and net […]

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Kestra Accused By Investors Of Selling Bad Investments

Donald A. Lueke of Kansas City Missouri a stockbroker formerly employed by Kestra Investment Services LLC is referenced in a customer initiated investment related written complaint which was resolved for $25,000.00 on May 15, 2018 founded on allegations that (1) the customer was placed into business development company group companies that were inappropriate for the […]

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