GVC Capital, a FINRA registered broker dealer based in Greenwood Village, CO was fined $17,000 and censured by securities regulator FINRA for the firm’s role in a private offering of securities. The fine and censure was announced in April, 2016 and relates to an 2013 securities offering. The acceptance, waiver…
Update on Lawsuit against IRA Resources A lawsuit filed in the Texas courts against IRA Resources for its role (or lack thereof) in the Alpha Telecom (“ATC”) unregistered securities scam was finally dismissed by the Texas court of appeals over the issue of jurisdiction. At issue was Plaintiffs’ claim that…
Update on Lawsuit against Pensco Trust Company A lawsuit filed in the US District Court for the Southern District of Ohio against Pensco Trust Company for Pensco’s role (or lack thereof) in the William Apostelos ponzi scheme has been the subject of intense motion practice between the parties. At issue…
Guy Gentile former StockUSA owner charged by The Securities and Exchange Commission. On March 23, 2016, the SEC charged Guy Gentile, a former registered representative and owner of StockUSA Execution Services of Carmel, NY with improper manipulation of “penny stocks.” The SEC complaint alleges that Gentile, who owned and ran…
John Heath Investigation The securities attorneys at The Law Office of David Liebrader have opened an investigation into the securities related conduct of John Heath, a registered representative formerly doing business out of Independent Financial Group’s Bloomington, MN office. The pending customer dispute that gave rise to the investigation concerns…
Elliot Blonde Investigation – Energy Stocks The securities attorneys at The Law Office of David Liebrader have opened an investigation into the securities related conduct of Elliot Blonde, a registered representative doing business out of RBC Capital Markets/RBC Wealth Management’s Scottsdale, Arizona office. The customer dispute that gave rise to…
Update on Lawsuit against Summit Trust Company On October 27, 2015 the SEC announced that it settled a lawsuit against Kevin Brown and George Brown for their roles in the fraudulent, unregistered securities offering by Summit Trust Company. IRA custodians like Summit Trust allow individuals to make their own investment…
Update on Lawsuit against Provident Trust Group A lawsuit filed in the US District Court for the Northern District of California against Provident Trust Group in May, 2013 was voluntarily dismissed by the lawyer for the Plaintiff in September, 2013. Named as a defendant in the lawsuit was IRA custodian…
Update of lawsuit against Vantage Retirement Plan IRA. A lawsuit filed in the US District Court for the Northern District of California was dismissed by the court for failure to state a claim. A court of appeals upheld the dismissal in December, 2015. Named as a defendant in the lawsuit…
Update on lawsuit against Equity Trust Company. A lawsuit filed in the US District Court for the Northern District of California was dismissed by the court for failure to state a claim. A court of appeals upheld the dismissal in December, 2015. Named as a defendant in the lawsuit was…