Direct Participation Programs

Archive | Direct Participation Programs

Investors Bring Securities Arbitration Claim Against Kalos Capital For Negligence

November 04, 2020  |   Posted by :   |   Alternative Investments, Breach of Fiduciary Duty, Direct Participation Programs, Failure To Supervise, Securities Arbitration Claims   |   Comments Off on Investors Bring Securities Arbitration Claim Against Kalos Capital For Negligence

Darren Michael Kubiak of Alpharetta Georgia a stockbroker formerly employed by Kalos Capital Inc. is the subject of a customer initiated investment related arbitration claim which was settled for $250,000.00 in damages based upon allegations that a contract had been breached and that a fiduciary duty that was owed to the customer had been breached […]

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Investors Accuse LPL Financial Of Fraudulent Sale of Unregistered Securities

September 14, 2020  |   Posted by :   |   Direct Participation Programs, Securities Arbitration Claims, Securities Fraud, Unregistered Securities   |   Comments Off on Investors Accuse LPL Financial Of Fraudulent Sale of Unregistered Securities

Kevin Joseph Kuhlow (also known as Kevin J. Cullen) of Los Gatos California a stockbroker formerly employed by LPL Financial LLC is referenced in a customer initiated investment related written complaint which was settled for $60,000.00 on January 10, 2019 founded on accusations that the customer had been invested by Kuhlow in worthless unregistered securities. […]

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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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Berthel Fisher Accused Of Alternative Investment Fraud

July 29, 2020  |   Posted by :   |   Alternative Investments, Direct Participation Programs, Securities Arbitration Claims, Securities Fraud, Unsuitable Investment Recommendations   |   Comments Off on Berthel Fisher Accused Of Alternative Investment Fraud

John William Carroll of Maumee Ohio a stockbroker formerly employed by Berthel Fisher Company Financial Services has been identified in a customer initiated investment related written complaint on May 13, 2020 where the customer sought more than $5,000.00 in damages founded on accusations that the customer had been placed into illiquid alternative investments including oil […]

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Investors File Claim Against Whitehall Parker For Alternative Investments

July 29, 2020  |   Posted by :   |   Alternative Investments, Direct Participation Programs, Non-traded REITs, Tenants in Common (TICs)   |   Comments Off on Investors File Claim Against Whitehall Parker For Alternative Investments

James Marten Lamont of San Francisco California a stockbroker formerly associated with Whitehall Parker Securities Inc. has been referenced in a customer initiated investment related arbitration claim in which the customer requested $2,000,000.00 in damages supported by allegations that the customer had been placed into bad investments including real estate securities and direct investment products […]

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National Securities Sued By Investors For Fraud

July 29, 2020  |   Posted by :   |   Direct Participation Programs, Securities Arbitration Claims, Securities Fraud   |   Comments Off on National Securities Sued By Investors For Fraud

Kurt Anthony Stein of New York New York a stockbroker formerly employed by National Securities Corporation has been identified in a customer initiated investment related arbitration claim where the customer sought $35,000.00 in damages founded on accusations that misrepresentations were made to the customer by Stein concerning direct participation program interests or limited partnership interests […]

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Investors Sue VFG Securities For Misrepresentation

July 29, 2020  |   Posted by :   |   Alternative Investments, Direct Participation Programs, Non-traded REITs, Securities Arbitration Claims   |   Comments Off on Investors Sue VFG Securities For Misrepresentation

Mark Andrew Trewitt of Plano Texas a stockbroker formerly registered with VFG Securities Inc. is the subject of a customer initiated investment related arbitration claim in which the customer requested $150,000.00 in damages based upon allegations that the customer had been placed into bad alternative investments and that misrepresentations had been made to the customer […]

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Investors Sue Arkadios For GPB Holdings Fraud

July 11, 2020  |   Posted by :   |   Alternative Investments, Direct Participation Programs, Securities Arbitration Claims   |   Comments Off on Investors Sue Arkadios For GPB Holdings Fraud

Michael Joseph Sievert (also known as Mike Sievert) of Jacksonville Florida a stockbroker currently employed by Arkadios Capital has been identified in a customer initiated investment related arbitration claim where the customer sought $500,000.00 in damages founded on accusations that the customer had been placed into bad direct investments including GPB Automotive and GPB Holdings […]

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Investors Sue IAA For Direct Investment Fraud

July 11, 2020  |   Posted by :   |   Direct Participation Programs, Securities Arbitration Claims, Securities Fraud   |   Comments Off on Investors Sue IAA For Direct Investment Fraud

Michael Carleton Boothe (also known as Carleton M. Boothe) of Fort Lauderdale Florida a stockbroker formerly registered with International Assets Advisory is the subject of a customer initiated investment related arbitration claim in which the customer requested $200,000.00 in damages based upon allegations of negligence and fraud with regard to the customer’s investments in direct […]

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Kalos Capital Target Of Unsuitable Real Estate Securities Recommendations

June 23, 2020  |   Posted by :   |   Direct Participation Programs, Non-traded REITs, Securities Arbitration Claims   |   Comments Off on Kalos Capital Target Of Unsuitable Real Estate Securities Recommendations

Joseph Patrick Roop (also known as Joepat Roop) of Belmont North Carolina a stockbroker formerly employed by Kalos Capital Inc. has been identified in a customer initiated investment related written complaint which was resolved for $17,500.00 in damages on January 29, 2020 founded on accusations that the customer was placed into unsuitable real estate securities […]

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National Securities Corp Sued For Private Placement Fraud

June 03, 2020  |   Posted by :   |   Direct Participation Programs, Private Placement Fraud, Securities Arbitration Claims, Securities Fraud   |   Comments Off on National Securities Corp Sued For Private Placement Fraud

Shane Rene Falcon of Miami Florida a stockbroker currently registered with National Securities Corp is the subject of a customer initiated investment related arbitration claim in which the customer requested $300,000.00 in damages based upon allegations that the customer had been placed into a private placement which was not suitable for the customer when Falcon […]

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BCG Sued By Investors For Unsuitable Direct Investments

June 03, 2020  |   Posted by :   |   Direct Participation Programs, Misappropriation of Funds, Private Placement Fraud, Promissory Notes, Securities Arbitration Claims, Stockbroker Theft   |   Comments Off on BCG Sued By Investors For Unsuitable Direct Investments

Mark Charles Cohen of New York New York a stockbroker formerly registered with BCG Securities Inc. is the subject of a customer initiated investment related arbitration claim where the customer sought $50,000.00 in damages based upon accusations that (1) due diligence was not properly performed prior to Cohen having recommended or sold direct investments to […]

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Berthel Fisher Sued By Investors For Fraud

June 03, 2020  |   Posted by :   |   Alternative Investments, Direct Participation Programs, Securities Arbitration Claims, Securities Fraud   |   Comments Off on Berthel Fisher Sued By Investors For Fraud

Jerry Dewayne McCutchen Sr. of Mobile Alabama a stockbroker formerly associated with Berthel Fisher Company Financial Services and NEXT Financial Group has been referenced in a customer initiated investment related arbitration claim in which the customer requested $168,000.00 in damages based upon allegations that misrepresentations and omissions had been made to the customer concerning equipment […]

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Dawson James Securities Sued By Investors For Fraud

May 13, 2020  |   Posted by :   |   Boilerroom Sales, Direct Participation Programs, Securities Arbitration Claims, Securities Fraud, Unsuitable Investment Recommendations   |   Comments Off on Dawson James Securities Sued By Investors For Fraud

Kevin Lawrence Barbalace of Middletown New Jersey a stockbroker associated with Dawson James Securities is the subject of a customer initiated investment related arbitration claim in which the customer requested $100,000.00 in damages based upon allegations that investment recommendations were not suitable and that misrepresentations and omissions had been made about direct participation program interests […]

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Investors Sue Centaurus Financial For Fraud

April 08, 2020  |   Posted by :   |   Direct Participation Programs, Private Placement Fraud, Securities Arbitration Claims, Securities Fraud, Unsuitable Investment Recommendations   |   Comments Off on Investors Sue Centaurus Financial For Fraud

Bryon Edwin Martinsen of Kings Park New York a stockbroker associated with Centaurus Financial Inc. has been referenced in a customer initiated investment related arbitration claim which was settled for $25,000.00 in damages supported by allegations that the stockbroker’s investment recommendations failed to be suitable for the Centaurus Financial customer. Financial Industry Regulatory Authority (FINRA) […]

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Investors Sue Dawson James For Fraud

April 08, 2020  |   Posted by :   |   Direct Participation Programs, Securities Arbitration Claims, Securities Fraud, Unsuitable Investment Recommendations   |   Comments Off on Investors Sue Dawson James For Fraud

Robert Douglas Armstrong of Boca Raton Florida a stockbroker registered with Dawson James Securities Inc. is the subject of a customer initiated investment related arbitration claim which was resolved for $96,000.00 in damages based upon accusations that (1) promissory statements and misrepresentations were made to the customer by Armstrong regarding direct participation programs and limited […]

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Cadaret Grant Stockbroker Barred In Investigation

April 08, 2020  |   Posted by :   |   Direct Participation Programs, Selling Away and Outside Activities   |   Comments Off on Cadaret Grant Stockbroker Barred In Investigation

Gerald Roger Dewes of East Amherst New York a stockbroker formerly registered with Cadaret Grant Co. Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings of Dewes’ failure to comply with the regulator during an investigation into his possible outside business activities and private […]

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Investors Sue Madison Avenue For Misrepresentation

Noel Ray Vincent of Southfield Michigan a stockbroker registered with Madison Avenue Securities LLC is the subject of a customer initiated investment related arbitration claim which was settled for $125,000.00 in damages based upon allegations of bad investment advice and misrepresentations being made to the customer in reference to mutual funds and equipment leasing securities […]

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Transamerica Sued By Investors Over Limited Partnership Sales

Bruce Albert Slater of Northville Michigan a stockbroker associated with Transamerica Financial Advisors Inc. has been referenced in a customer initiated investment related arbitration claim in which the customer requested $500,000.00 in damages supported by allegations that the customer had been advised to allocate an excessive portion of funds in risky limited partnerships which failed […]

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UBS Sued By Investors For Misrepresentation

John Robert Morris of Warren New Jersey a stockbroker currently employed by UBS Financial Services Inc. has been identified in a customer initiated investment related arbitration claim which was resolved for $25,000.00 in damages founded on accusations that (1) misrepresentations had been made to the customer concerning investments in oil and gas securities and Puerto […]

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Raymond James Sued By Investors For Fraud

James Edward Lyons of Shreveport Louisiana a stockbroker employed by Raymond James Associates Inc. has been referenced in a customer initiated investment related arbitration claim in which the customer had been awarded $2,986,708.96 in compensatory damages supported by Raymond James Associates being found liable on the customer’s claims which included that (1) mutual funds, stocks […]

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Ameritas Sued By Investors For Misrepresentation

Thomas H Lawrence III of Chapel Hill Tennessee a stockbroker formerly employed by Ameritas Investment Corp has been identified in a customer initiated investment related arbitration claim where the customer sought $150,000.00 in damages founded on accusations that (1) false or misleading statements had been made in regard to the terms and conditions of alternative […]

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FINRA Bars Cetera Stockbroker In Investigation

Omar K. Henry of New York New York a stockbroker formerly registered with Cetera Advisors LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by allegations that he failed to comply with FINRA during a time that he was probed or examined for possible violations of […]

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Wells Fargo Sued For Unsuitable Direct Investments

Regan Allen Rohl of Fargo North Dakota a stockbroker currently employed by Wells Fargo Advisors Financial Network LLC is referenced in a customer initiated investment related arbitration claim which was resolved for $35,000.00 in damages based upon allegations that (1) direct participation program interests or limited partnership interests recommendations were not suitable given the customer’s […]

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Network 1 Financial Sued For Bad Private Placements Sales

Wesley Owen Clinton of Seaford New York a stockbroker currently registered with Network 1 Financial Securities Inc. is referenced in a customer initiated investment related arbitration claim where the customer sought $145,000.00 in damages based upon allegations that (1) the customer was placed in private placements and over-the-counter equities which were inappropriate given the customer’s […]

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Investors Accuse Edward Jones Of Providing Bad Investment Advice

Jon Timothy Vanslooten of Toledo Ohio a stockbroker registered with Edward Jones is the subject of a customer initiated investment related written complaint which was settled on September 10, 2018 to resolve allegations that Vanslooten placed the customer in Energy Transfer Partners LP – a direct investment which was unsuitable for the customer. FINRA Public […]

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Investor Sues Buckman Reid For Private Placement Fraud

William Louis Baumner IV of Boca Raton Florida a stockbroker formerly registered with Buckman Buckman Reid Inc. is the subject of a customer initiated investment related arbitration claim where the customer sought $10,000.00 in damages based upon allegations that the customer was placed into an unsuitable private placement investment while Baumner was associated with the […]

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Investor Blames Wells Fargo With The Failure to Follow Instructions

Wayne Douglas Rogers of Austin Texas a stockbroker currently employed by Wells Fargo Clearing Services LLC is referenced in a customer initiated investment related written complaint which was settled for $11,544.77 on March 8, 2018 based upon allegations that on January 2, 2018, the customer’s investment instructions were not followed concerning the liquidations of an […]

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J.J. Hillard W.L Lyons Sued For Bad Direct Investments

Daniel J. Kempker of Holland Michigan a stockbroker formerly registered with J.J.B. Hilliard W.L. Lyons LLC is referenced in a customer initiated investment related arbitration claim where the customer sought $200,000.00 in damages founded on accusations that unsuitable direct participation program or limited partnership interest products had been sold to the customer which caused the […]

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Investors Sue Allstate Financial For Failure To Supervise

Paul Joseph Godlewski of Coatesville Pennsylvania a stockbroker formerly registered with Allstate Financial Services LLC is referenced in a customer initiated investment related arbitration claim which was settled for $28,000.00 in damages supported by allegations that (1) Godlewski solicited a customer’s private placement investment outside the firm’s auspices causing a customer losses and (2) Allstate […]

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