Business Development Companies

Archive | Business Development Companies

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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Presidential Brokerage Sued For Bad Mutual Fund Sales

Gregory Jon Williams of Greenwood Village Colorado a stockbroker currently employed by Presidential Brokerage Inc. is the subject of a customer initiated investment related arbitration claim where the customer sought $151,337.00 in damages based upon allegations of misrepresentation and suitability pertaining to the customer’s investments in (1) mutual funds (2) corporate-debt products and (3) non-traded […]

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Madison Avenue Securities Blamed For Suitability

David Richard Geake of Northbrook, Illinois, a stockbroker associated with Madison Avenue Securities, LLC, is the subject of a customer initiated investment related written complaint on August 9, 2017, in which the customer requested $200,000.00 in damages based upon allegations that Geake effected fixed indexed annuities, equipment leasing products, business development companies and real estate […]

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Berthel Fisher Sued By Customer For Omissions

Jonathan Todd Pyne of Minneapolis, Minnesota, a stockbroker currently registered with Berthel Fisher & Company Financial Services, Inc., is the subject of a customer initiated investment related written complaint on July 6, 2017, in which the customer requested more than $5,000.00 in damages based upon allegations that Pyne misled the customer by inducing the customer’s […]

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Regulator Suspends Cambridge Stockbroker For Suitability

November 20, 2017  |   Posted by :   |   Business Development Companies, Securities Arbitration Claims   |   0 Comments

Brad C. Lawing of Springfield, Missouri, a stockbroker formerly registered with Cambridge Investment Research, Inc., has been fined $10,000.00 and suspended for five months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that Lawing, inter alia, effected unsuitable business development company transactions in customers’ investment accounts. Letter […]

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Lefavi Securities Fined For Failure To Supervise

November 20, 2017  |   Posted by :   |   Business Development Companies, Non-traded REITs   |   0 Comments

Bruce A. Lefavi Securities, Inc., a brokerage firm headquartered in Salt Lake City, Utah, has been censured and fined $25,000.00 by Financial Industry Regulatory Authority (FINRA) based upon consenting to findings that the firm failed to supervise customer transactions and violated FINRA’s content standards. Letter of Acceptance, Waiver and Consent, No. 2015043353301 (Nov. 10, 2017). […]

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Cetera Advisor Networks Sued By Customer

Susan Lavon Welo, of Mayville, North Dakota, a stockbroker formerly registered with Cetera Advisor Networks LLC, has been named in a customer initiated investment related written complaint on February 24, 2017, in which the customer requested $45,000.00 in damages based upon allegations that Welo failed to abide by the customer’s instructions to invest in short […]

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Business Development Companies the Fraud De Jour

The Guiliano Law Group, P.C. is investigating claims against securities broker-dealers in connection with the sale and recommendation of Business Development Companies or BDCs. Citing the “high commissions and fees,” the Financial Industry Regulatory Authority or FINRA claims that “many of the firms that distributed nontraded REITs are now turning to nontraded BDCs,”  BDCs arre frought […]

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J.P. Turner Fined and Censured For Failure to Supervise

J.P. Turner & Co, recently acquired by Cetera, has over 360 registered representatives and over 150 branch offices nationwide. J.P. Turner’s history with securities regulators is substantial. For example, in December 2013, J.P. Turner consented to a sanction consisting of a censure and restitution in the amount of almost $1 million for the failure to […]

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