Jan 27, 2021

Melville, New York Securities Attorney For Private Placement Investment Dispute

Did Brookville Capital And Anthony Lodati Cause You Investment Losses? Melville, New York-based Brookville Capital Partners LLC (Brookville Capital) and the firm’s president, Anthony F. Lodati, were named in a Financial Industry Regulatory Authority (FINRA) complaint claiming that the firm and Mr. Lodati defrauded investors pertaining to a private placement offering.  According to FINRA’s complaint, Brookville Capital and Mr. Lodati solicited customers to invest in a private placement offering that did not disclose material facts about an individual involved in the offering.  Anthony Lodati allegedly discovered that the individual, who had effected transactions on behalf of the private placement, was fined by the Securities and Exchange Commission (SEC) for securities fraud and was convicted of a felony by the state of Florida.  FINRA found that Mr. Lodati failed to inform any of the potential investors of the individual’s involvement.  In addition, the private placement memorandum (PPM) allegedly made no mention of the individual or of his regulatory or criminal background. FINRA alleged that Brookville Capital failed to conduct proper due diligence regarding the private placement offering, alleging that the firm and Mr. Lodati “lacked a reasonable basis to believe that the recommendation of the private placement could be suitable for any customer.” Do You Need A Securities Attorney For Private Placement Investment Dispute? New York has thousands of stock brokerage firms and investment advisory offices.  With so many stock brokerage firms and investment advisory offices, comes the potential for their stockbrokers, financial advisors, and other representatives to misrepresent and mislead investors about investing in Private Placements of securities issued by small undercapitalized start-ups, their own companies and other dubious companies and engage in all kinds of stockbroker misconduct which violates Federal and New York securities laws and Financial Industry Regulatory Authority (FINRA) rules and stock brokerage firms policies and procedures.  Experienced Securities Lawyers for Investors with Private Placement Investment Claims in FINRA Arbitrations Throughout New York and Nationwide. Are you a New York investor who has suffered significant losses in your stock brokerage and investment accounts?  Did your New York stockbroker or investment advisor misrepresent or mislead you about an investment in a Private Placement or make an unsuitable recommendation that you invest in a Private Placement like GPB Capital Holdings or EquiAlt or otherwise mismanage your investment account? If so, you will need to hire an experienced, highly rated and nationally recognized FINRA securities arbitration law attorney who understands these highly complex and risky Private Placement investments. You need an experienced lawyer knows FINRA rules and procedures inside and out and how to handle these FINRA arbitration cases and other complex legal issues.  By hiring a top rated and highly successful attorney like Robert Wayne Pearce with over 40 years of experience practicing securities law on both sides of the table in FINRA arbitration proceedings, you will clearly see that Attorney Pearce doesn’t just handle cases—he aggressively represents investors and is one of the best attorneys to recover your investment losses in Private Placements and all types of stockbroker misconduct in FINRA arbitration proceedings! At The Law Offices of Robert Wayne Pearce, P.A., we represent investors in all kinds of Private Placement of securities in FINRA arbitration and mediation proceedings. We handle a wide range of practice areas such as fraud and misrepresentation, breach of fiduciary duty, failure to supervise, and unsuitable recommendations of Private Placements.  Attorney Pearce and his staff represent investors throughout New York, and across the United States on a CONTINGENCY FEE basis, which means you pay nothing – NO FEES-NO COSTS – unless we put money in your pocket after receiving a settlement or FINRA arbitration award. Se habla español Free Initial Consultation With An Experienced Private Placement Investment Attorney Serving New York Residents In FINRA Arbitration Proceedings The Law Offices of Robert Wayne Pearce, P.A.  are highly experienced attorneys who successfully handle Private Placement cases and other securities law matters and investment disputes in FINRA arbitration proceedings, and who work tirelessly to secure the best possible result for you and your case.  For dedicated representation by a lawyer with over 40 years of experience and success in Private Placements and all kinds of securities law and investment disputes serving New York citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889 or via e-mail. 

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Jan 22, 2021

Westfield, New Jersey Securities Attorney For Private Placement Investment Dispute

Did Merrion Securities Cause You Investment Losses? Merrion Securities, LLC of Westfield, New Jersey submitted a Letter of Acceptance, Waiver and Consent (AWC) to FINRA for allegedly failing to properly establish an escrow account for investor funds. Between 2009 and 2010, Merrion Securities was the private placement agent for a contingent private placement offering of securities in Vir2us, Inc. The memorandum for the private offering stated that the offering needed to raise a minimum of $2 million and until that $2 million was met, investors funds would be held in an escrow account. However, FINRA found that instead of putting investors funds in an escrow account, Merrion Securities deposited investor funds into Vir2us’ bank account and then later into an attorney trust account that wasn’t under Merrion’s control. FINRA alleged that for failing to properly deposit investor funds, Merrion violated Section 15(c)(2) of the Securities and Exchange Act of 1934, Rule 15c2-4, and FINRA Rule 2010. Additionally, FINRA found that Merrion altered the contingency of the private offering when the minimum $2 million investment was not met. FINRA alleged that Merrion lowered and thereby altered the contingency minimum investment total to $1 million. When the terms of the contingency were altered, Merrion was required to terminate the offering and return investor’s funds. FINRA found that Merrion failed to terminate the private offering and willfully violated Section 10(b) of the Securities Exchange Act of 1934, SEC Rule 10b-9 and FINRA Rule 2010. For the alleged violations, Merrion Securities was censured and fined $15,000. Do You Need A Securities Attorney For Private Placement Investment Dispute? New Jersey has hundreds of stock brokerage firms and investment advisory offices.  With so many stock brokerage firms and investment advisory offices, comes the potential for their stockbrokers, financial advisors, and other representatives to misrepresent and mislead investors about investing in Private Placements of securities issued by small undercapitalized start-ups, their own companies and other dubious companies and engage in all kinds of stockbroker misconduct which violates Federal and New Jersey securities laws and Financial Industry Regulatory Authority (FINRA) rules and stock brokerage firms policies and procedures.  Experienced Securities Lawyers for Investors with Private Placement Investment Claims in FINRA Arbitrations Throughout New Jersey and Nationwide. Are you a New Jersey investor who has suffered significant losses in your stock brokerage and investment accounts?  Did your New Jersey stockbroker or investment advisor misrepresent or mislead you about an investment in a Private Placement or make an unsuitable recommendation that you invest in a Private Placement like GPB Capital Holdings or EquiAlt or otherwise mismanage your investment account? If so, you will need to hire an experienced, highly rated and nationally recognized FINRA securities arbitration law attorney who understands these highly complex and risky Private Placement investments. You need an experienced lawyer knows FINRA rules and procedures inside and out and how to handle these FINRA arbitration cases and other complex legal issues.  By hiring a top rated and highly successful attorney like Robert Wayne Pearce with over 40 years of experience practicing securities law on both sides of the table in FINRA arbitration proceedings, you will clearly see that Attorney Pearce doesn’t just handle cases—he aggressively represents investors and is one of the best attorneys to recover your investment losses in Private Placements and all types of stockbroker misconduct in FINRA arbitration proceedings! At The Law Offices of Robert Wayne Pearce, P.A., we represent investors in all kinds of Private Placement of securities in FINRA arbitration and mediation proceedings. We handle a wide range of practice areas such as fraud and misrepresentation, breach of fiduciary duty, failure to supervise, and unsuitable recommendations of Private Placements.  Attorney Pearce and his staff represent investors throughout New Jersey, and across the United States on a CONTINGENCY FEE basis, which means you pay nothing – NO FEES-NO COSTS – unless we put money in your pocket after receiving a settlement or FINRA arbitration award. Se habla español Free Initial Consultation With An Experienced Private Placement Investment Attorney Serving New Jersey Residents In FINRA Arbitration Proceedings The Law Offices of Robert Wayne Pearce, P.A.  are highly experienced attorneys who successfully handle Private Placement cases and other securities law matters and investment disputes in FINRA arbitration proceedings, and who work tirelessly to secure the best possible result for you and your case.  For dedicated representation by a lawyer with over 40 years of experience and success in Private Placements and all kinds of securities law and investment disputes serving New Jersey citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889 or via e-mail. 

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Jan 18, 2021

Kansas City, Missouri Securities Attorney For Private Placement Investment Dispute

Did Sunset Financial Services Cause You Investment Losses? Kansas City, Missouri-based Sunset Financial Services, Inc. submitted a Letter of Acceptance, Waiver, and Consent (AWC) in which the firm agreed to, without admitting or denying, the described penalties and the entry of the Financial Industry Regulatory Authority’s (FINRA) findings that it sold private placements as an unaffiliated broker-dealer without performing adequate due diligence.  According to FINRA, a third-party diligence report on one private placement alerted the firm of an increased default rate for the loan portfolio, but the firm failed to sufficiently follow up on this red flag and did not re-evaluate the appropriateness of retaining the fund in its approved private placement fund.  FINRA’s findings stated that the firm failed to follow up on another red flag when the fund suspended fund redemptions and stopped accepting new investors due to financial difficulties.  The firm received approximately $1,140,000 from the sale of the fund.  Additionally, FINRA found that the firm lacked a supervisory system reasonably designed to monitor its due diligence on approved private placements.  FINRA found that the firm delegated almost all responsibilities relating to private placements to its vice president but had no procedures in place to follow up on whether he was properly performing his responsibilities.  Further, the system of supervising suitability was deficient because the vice president simultaneously recommended private placements to customers through his discussions with registered representatives, while reviewing the suitability of these recommendations. According to FINRA, the firm did not create sales materials for any private placements but relied on its registered representatives to submit sponsor-created sales materials to the firm’s compliance department for prior review.  Consequently, the firm was censured, fined $200,000, and ordered to disgorge ill-gotten gains of gross dealer concessions and due diligence fees in the amount of $84,253.03 plus interest as partial restitution to customers. Do You Need A Missouri Securities Attorney For Private Placement Investment Dispute? Missouri has thousands of stock brokerage firms and investment advisory offices.  With so many stock brokerage firms and investment advisory offices, comes the potential for their stockbrokers, financial advisors, and other representatives to misrepresent and mislead investors about investing in Private Placements of securities issued by small undercapitalized start-ups, their own companies and other dubious companies and engage in all kinds of stockbroker misconduct which violates Federal and Missouri securities laws and Financial Industry Regulatory Authority (FINRA) rules and stock brokerage firms policies and procedures.  Experienced Securities Lawyers for Investors with Private Placement Investment Claims in FINRA Arbitrations Throughout Missouri and Nationwide. Are you a Missouri investor who has suffered significant losses in your stock brokerage and investment accounts?  Did your Missouri stockbroker or investment advisor misrepresent or mislead you about an investment in a Private Placement or make an unsuitable recommendation that you invest in a Private Placement like GPB Capital Holdings or EquiAlt or otherwise mismanage your investment account? If so, you will need to hire an experienced, highly rated and nationally recognized FINRA securities arbitration law attorney who understands these highly complex and risky Private Placement investments. You need an experienced lawyer knows FINRA rules and procedures inside and out and how to handle these FINRA arbitration cases and other complex legal issues.  By hiring a top rated and highly successful attorney like Robert Wayne Pearce with over 40 years of experience practicing securities law on both sides of the table in FINRA arbitration proceedings, you will clearly see that Attorney Pearce doesn’t just handle cases—he aggressively represents investors and is one of the best attorneys to recover your investment losses in Private Placements and all types of stockbroker misconduct in FINRA arbitration proceedings! At The Law Offices of Robert Wayne Pearce, P.A., we represent investors in all kinds of Private Placement of securities in FINRA arbitration and mediation proceedings. We handle a wide range of practice areas such as fraud and misrepresentation, breach of fiduciary duty, failure to supervise, and unsuitable recommendations of Private Placements.  Attorney Pearce and his staff represent investors throughout Missouri, and across the United States on a CONTINGENCY FEE basis, which means you pay nothing – NO FEES-NO COSTS – unless we put money in your pocket after receiving a settlement or FINRA arbitration award. Se habla español Free Initial Consultation With An Experienced Private Placement Investment Attorney Serving Missouri Residents In FINRA Arbitration Proceedings The Law Offices of Robert Wayne Pearce, P.A. are highly experienced attorneys who successfully handle Private Placement cases and other securities law matters and investment disputes in FINRA arbitration proceedings, and who work tirelessly to secure the best possible result for you and your case.  For dedicated representation by a lawyer with over 40 years of experience and success in Private Placements and all kinds of securities law and investment disputes serving Missouri citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889 or via e-mail. 

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Dec 4, 2020

North Carolina Securities Attorney For Private Placement Investment Dispute

Did Carolina Financial Securities, LLC Cause You Investment Losses? Brevard, North Carolina-based Carolina Financial Securities, LLC (Carolina Financial) agreed to, without admitting or denying, the described penalties and to the entry of the Financial Industry Regulatory Authority’s (FINRA) findings that it failed to supervise the sale of an unregistered private placement offering to investors with investments of approximately $1.1 million.  FINRA found that Carolina Financial failed to follow its procedures pertaining to the review and verification of statements made in private placement offering documents.  In addition, FINRA found that the brokerage firm did not conduct adequate due diligence prior to the approval of the offering for sale to its investors. FINRA’s findings stated that Carolina Financial failed to supervise several aspects of the offering’s private placement memorandum (PPM).  First, Carolina Financial neglected to make sure that the PPM included all necessary material information.  Second, Carolina Financial neglected to review the underlying loan agreement for the property which was involved in the offering.  Third, the firm neglected to notice that the PPM did not disclose a material capital call provision in the aforementioned loan agreement.  Lastly, Carolina Financial approved the private placement offering to its investors without confirming the details of the loan agreement made in the PPM.  As a result, Carolina Financial was censured and fined $50,000 by FINRA. North Carolina has thousands of stock brokerage firms and investment advisory offices.  With so many stock brokerage firms and investment advisory offices, comes the potential for their stockbrokers, financial advisors, and other representatives to misrepresent and mislead investors about investing in Private Placements of securities issued by small undercapitalized start-ups, their own companies and other dubious companies and engage in all kinds of stockbroker misconduct which violates Federal and North Carolina securities laws and Financial Industry Regulatory Authority (FINRA) rules and stock brokerage firms policies and procedures.  Experienced Securities Lawyers for Investors with Private Placement Investment Claims in FINRA Arbitrations Throughout North Carolina and Nationwide. Are you a North Carolina investor who has suffered significant losses in your stock brokerage and investment accounts?  Did your North Carolina stockbroker or investment advisor misrepresent or mislead you about an investment in a Private Placement or make an unsuitable recommendation that you invest in a Private Placement like GPB Capital Holdings or EquiAlt or otherwise mismanage your investment account? If so, you will need to hire an experienced, highly rated and nationally recognized FINRA securities arbitration law attorney who understands these highly complex and risky Private Placement investments. You need an experienced lawyer knows FINRA rules and procedures inside and out and how to handle these FINRA arbitration cases and other complex legal issues.  By hiring a top rated and highly successful attorney like Robert Wayne Pearce with over 40 years of experience practicing securities law on both sides of the table in FINRA arbitration proceedings, you will clearly see that Attorney Pearce doesn’t just handle cases—he aggressively represents investors and is one of the best attorneys to recover your investment losses in Private Placements and all types of stockbroker misconduct in FINRA arbitration proceedings! At The Law Offices of Robert Wayne Pearce, P.A., we represent investors in all kinds of Private Placement of securities in FINRA arbitration and mediation proceedings. We handle a wide range of practice areas such as fraud and misrepresentation, breach of fiduciary duty, failure to supervise, and unsuitable recommendations of Private Placements.  Attorney Pearce and his staff represent investors throughout North Carolina, and across the United States on a CONTINGENCY FEE basis, which means you pay nothing – NO FEES-NO COSTS – unless we put money in your pocket after receiving a settlement or FINRA arbitration award. Se habla español Free Initial Consultation With An Experienced Private Placement Investment Attorney Serving North Carolina Residents In FINRA Arbitration Proceedings The Law Offices of Robert Wayne Pearce, P.A.  are highly experienced attorneys who successfully handle Private Placement cases and other securities law matters and investment disputes in FINRA arbitration proceedings, and who work tirelessly to secure the best possible result for you and your case.  For dedicated representation by a lawyer with over 40 years of experience and success in Private Placements and all kinds of securities law and investment disputes serving North Carolina citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889 or via e-mail. 

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