Articles Posted in Private Placements / Direct Investments

Richard Joseph Buswell and Herbert Steven Fouke – Lafayette, Louisiana: The Financial Industry Regulatory Authority, Inc. (FINRA) is a self-regulatory authority assigned the responsibility, by the Securities and Exchange Commission, to license, regulate and discipline securities broker/dealers and their employees, including account executives. In the event that FINRA elects to institute and enforcement action, firms…

George Samuel Baseluos – Long Beach, California: The Financial Industry Regulatory Authority, Inc. (FINRA) is a self-regulatory authority assigned the responsibility, by the Securities and Exchange Commission, to license, regulate and discipline securities broker/dealers and their employees, including account executives. In the event that FINRA elects to institute and enforcement action, firms and licensed individuals…

Firm Commitment – Best Effort Offerings: The purpose of this post is to provide the reader with a general understanding of what the difference is between a firm commitment and a best efforts offering of securities to the public. This information is being provided for educational purposes only and is not designed to be complete…

SEC Charges 14 Sales Agents In $415 Million Long Island-Based Ponzi Scheme June, 2012: The Securities and Exchange Commission recently charged 14 sales agents who misled investors and illegally sold securities for a Long Island-based investment firm at the center of a $415 million Ponzi scheme. The SEC alleges that the sales agents – which…

South Florida Broker/Dealer Misconduct FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. June, 2012: The Securities and Exchange Commission recently obtained a temporary restraining order and asset freeze against a Utah man and company charged with operating a real estate-based Ponzi scheme that bilked $100 million from investors nationwide. The SEC’s complaint filed in…

CPA or Accountant Opinion and Its Significance: This post is designed to provide the reader with general educational information concerning the significance of a Certified Public Accountant or Accountant Opinion generally and specifically when considering an investment. Please keep in mind that this information is being provided for informational purposes only and is not designed…

March, 2012: In our continued effort to educate the investing public about various aspects of the securities markets and fraudulent activity associated therewith, we are providing the below information. Because this information is being provided for educational purposes only, it should not be relied upon as providing legal or investment advice. Moreover, it is not…

November, 2011: Senior Citizen Alert – Private Placements and/or Direct Investments: If you are the sibling, child, grandchild, friend or professional for a senior citizen, please pay particular attention to the following post. The Oregon Department of Consumer and Business Services recently entered into a consent order with LPL Financial and fined the company $100,000…

It is not unusual for a brokerage firm to attempt to raise capital for legitimate business purposes such as expansion of its business or upgrading of its systems. However, not all capital raises are transparent. It is for that reason that we have included this post. Please keep in mind that the information discussed below…

The following post will provide the reader with some does and don’ts relative to the purchase of private placements. Capital Financial Services, Inc. (CRD #8408, Minot, North Dakota) submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and ordered to pay $200,000 in restitution to investors. Without admitting or denying the…