The Florida Office of Financial Regulation (FL-OFR) filed a complaint on March 5, 2014 against Tri-Med Corporation; Tri-Med Associates, Inc., and Jeremy Anderson, Anthony N. Nicholas, III, Eric Ager, Irwin Ager, and Teresa Simmons Bordinat, a/k/a Teresa Simmons (collectively referred to as “Defendants”) alleging that Tri-Med and the Defendants fraudulently offered and sold more than $13 million in unregistered securities.
A permanent injunction has been granted by the Sixth Judicial Circuit Court in Pinellas County, Florida following allegations that Tri-Med and the Defendants defrauded over 200 investors by misrepresenting facts during the sale of its investments. According to the FL-OFR, Tri-Med’s agents were not licensed to sell securities in Florida and allegedly represented themselves as purchasing medical practice-related accounts receivable which were supposedly guaranteed by letters of protection. The FL-OFR investigation found that the investments were falsely represented as having above-market rates of return and investors were assured the investments were “safe” and “backed by major insurance companies.” Tri-Med and the Defendants are alleged to have defrauded over $13 million from Florida investors and allegedly misappropriated at least $6.2 million of these investors’ funds.
When your stockbroker or financial advisor recommends that you invest in a particular security, he or she has the responsibility to tell you the truth about your investment and fully disclose all of the risks associated with the investment along with the benefits. Furthermore, brokerage firms and their representatives have a fiduciary duty to do their own due-diligence with respect to the investments they recommend in order to protect investors. Should they fail to do so, they may be held liable for investors’ losses.
The Law Offices of Robert Wayne Pearce, P.A., is representing investors who invested in Tri-Med based on false or inaccurate information and their financial advisors’ failure to do due-diligence and fully investigate this company and its investment program.
Have you suffered losses resulting from a Tri-Med investment? Did your stockbroker or broker-dealer recommend that you invest in Tri-Med? If so, call Robert Pearce at the Law Offices of Robert Wayne Pearce, P.A. for a free consultation. Mr. Pearce is actively investigating and accepting clients with valid claims against financial advisors, stockbrokers, and their affiliated stockbrokerage firms who offered and sold these unregistered Tri-Med securities to investors.
The most important of investors’ rights is the right to be informed! This Investors’ Rights blog post is by the Law Offices of Robert Wayne Pearce, P.A., located in Boca Raton, Florida. For over 30 years, Attorney Pearce has tried, arbitrated, and mediated hundreds of disputes involving complex securities, commodities and investment law issues. The lawyers at our law firm are devoted to protecting investors’ rights throughout the United States and internationally! Please visit our website, www.secatty.com, post a comment, call (800) 732-2889, or email Mr. Pearce at email@example.com for answers to any of your questions about this blog post and/or any related matter.