TG Therapeutics Inc. Investigating Claims

TG Therapeutics Inc. Investigation, Featured by Top Securities Fraud Attorneys, The White Law GroupTG Therapeutics Inc. (fka Manhattan Pharmaceuticals) Securities Investigation

Are you concerned about your investment losses in TG Therapeutics Inc.?

The White Law Group is investigating potential securities fraud lawsuits involving the liability that brokerage firms may have for unsuitably recommending TG Therapeutics Inc. to investors.

According to its website, TG Therapeutics, Inc. (Nasdaq:TGTX) is a clinical-stage biopharmaceutical company focused on the acquisition, development and commercialization of pharmaceutical products for the treatment of cancer and other therapeutic needs.

According to SEC filings, TG Therapeutics filed a Form D to raise capital from investors in 2012 and then in July 2013, the company reportedly announced the pricing of an underwritten public offering of 5,700,000 shares of its common stock at a price of $6.15 per share.

Deep Decline in Share Price

According to Yahoo finance, the company’s share price was down a total of 57%, against a market gain of about 3.5%, as of March 2019 for the prior 12 months period.

Last September, the company’s share price reportedly declined 44% after disappointing results in the company’s Unity-CLL clinical trial.  According to reports, the problem stems from Unity-CLL’s inability to show an improvement in overall response among chronic lymphocytic leukaemia (CLL) patients given TG’s combo at interim review. This was the result that TG had instructed the markets to look for, saying a positive result might have served as the basis for immediate US accelerated approval filing.

Free Consultation with a Securities Fraud Attorney

Broker dealers are required to perform adequate due diligence on any investment they recommend and to ensure that all recommendations are suitable for the investor. Firms may be held responsible for any losses in a FINRA arbitration claim if they fail to perform active due diligence before recommending any investment.

If you have suffered losses in TG Therapeutics, the securities attorneys at The White Law Group may be able to help you. Please call the offices at 888-637-5510 for a free consultation.

The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee.

For more information on The White Law Group and its representation of investors in FINRA arbitration claims, visit https://www.whitesecuritieslaw.com.

 

 

 

Armada Waste Management Investment Losses

Armada Waste Management LP, Featured by Top Attorneys, The White Law Group

GPB Capital’s Offering Armada Waste Management Declines in Value

According to reports on Friday, GPB Capital sent a document to broker-dealers on June 22, letting them know of a steep decline in value of its private placement offerings, including Armada Waste Management, LP.

GPB reportedly raised $1.8 billion from wealthy investors through sales of high-risk private placements from registered brokers and their firms while collectively earning $167 million in fees and commissions for the transactions.

On average, advisors and their firms collected 9.3% in commissions through the sale of GPB private placements.

Unfortunately for investors, these investments have dropped significantly in value.

In particular, investors bought $163.4 million of Armada Waste Management, but according to report, the current estimated value of the fund is $53.4 million.

Thus, an investment of $50,000 in Armada Waste Management has reportedly dropped in value 67.4%, and is now worth $16,330.

FINRA Lawsuits

The White Law Group continues its investigation into the liability that FINRA registered brokerage firms may have for improperly selling alternative investment products like GPB’s Armada Waste Management LP to investors.

Private placements are a means for companies to raise capital through the sale of equity or debt securities without having to register their securities with the SEC. These investments are often riskier and more complicated than traditional investments, and are only suitable for high net worth, sophisticated investors.

Broker dealers are required to perform adequate due diligence on any investment they recommend. They must ensure that all recommendations are suitable for the investor. Recommendations should be in line with the investor’s age, risk tolerance, net worth, and investment experience.

Despite the risks of investing in this type of alternative investments, brokerage firms continue to push this type of investment because of the high commissions associated with their sale and creation.

If you are concerned about your investment in Armada Waste Management LP or another GPB Capital private placement offering and would like to speak with a securities attorney about your options, please call The White Law Group at 888-637-5510 for a free consultation.

The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee.

For more information on The White Law Group and its representation of investors in FINRA arbitration claims, visit https://www.whitesecuritieslaw.com.

Benjamin Bourgeois Jr. Broker Investigation

Benjamin Bourgeois Jr. Broker Investigation, Featured by Top Attorneys, The White Law Group

FINRA Bars Benjamin Bourgeois Jr. – Commonwealth Financial Network

Have you suffered losses investing with former financial advisor Benjamin Bourgeois Jr.? If so, the securities attorneys at The White Law Group may be able to help you by filing a FINRA Dispute Resolution claim.

According to the Financial Industry Regulatory Authority (FINRA), the regulator reportedly barred Bourgeois from association with any FINRA member in any capacity after he purportedly failed to provide information in an investigation into his conduct.

FINRA was apparently investigating Bourgeois after he was reportedly discharged from his member firm, Commonwealth Financial Network on April 1, because he allegedly borrowed money from a client which is against FINRA rules. On April 5, Commonwealth filed an amended form U5 that reportedly disclosed a civil litigation in which a customer alleged that Mr. Bourgeois defrauded her and took her money.

Bourgeois, 52, was arrested last month after authorities say he allegedly stole more than $359,000 from a 78-year old. Charges reportedly include three counts of theft valued over $25,000, three counts of theft valued between $5,000 and $24,999, and six counts of bank fraud and exploitation of the infirm, according to the Jefferson Parish Sheriff’s Office in Metairie, LA.

According to his FINRA BrokerCheck report, Bourgeois was registered with Commonwealth Financial Network in Metairie, LA from May 2015 through April 2019. He reportedly has 3 customer complaints listed on his broker record since 2001.

Broker Fraud Investigation

The White Law Group is investigating the liability that Commonwealth may have for Bourgeois’ alleged actions.

If a registered broker breaks FINRA rules, the brokerage firm may still be liable for negligent supervision of their broker representative and may be responsible for investment losses in a FINRA dispute resolution claim.

If you have invested with Benjamin Bourgeois Jr. and are concerned about your investments, the securities attorneys at The White Law Group may be able to help you. For a free consultation with a securities attorney, please call our offices at 888-637-5510.

The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Vero Beach, Florida.

For more information on The White Law Group, please visit our website at https://www.wlgattorneys.com.

 

 

U5 Expungement – FINRA Expungement Attorney

U-5 Expungement, FINRA Expungement Attorney, Featured by The White Law Group

Are you a financial advisor with a harmful U-5 entry on your FINRA CRD record? If so, it may be possible for you to expunge information from your CRD record such as a customer dispute or employment termination information.

The FINRA CRD system contains information from the Uniform Registration Forms that are submitted by broker-dealers and regulatory authorities.  Form U4, the Uniform Application for Securities Industry Registration or Transfer, and Form U5, the Uniform Termination Notice for Securities Industry Registration, are submitted by broker-dealers and are designed to report pertinent information about registered representatives.

Unfortunately, sometimes these statements are not completely accurate and may lead to legally viable claims for defamation, wrongful termination, retaliation, or discrimination.

The securities attorneys at The White Law Group may be able to help you clean up your employment record through the Financial Industry Regulatory Authority (FINRA) expungement process.

The White Law Group represents financial advisors in various disputes with their former employers, including representing advisors in claims related to wrongful termination, retaliation, discrimination, and outstanding promissory notes.

The firm has represented many financial advisors whose former employers improperly placed derogatory or inaccurate statements on their broker record.

To speak with a securities employment attorney regarding your legal rights and the expungement process, please call the firm at 888-637-5510.

For more detailed information on the FINRA expungement process, please seeFINRA CRD Expungement Explained.

The White Law Group, LLC is a national securities arbitration and securities regulation/compliance law firm with offices in Chicago, Illinois and Vero Beach, Florida.

For more information on The White Law Group, please visit our website at https://www.wlgattorneys.com.

 

George Merhoff, Jr., Cetera | Lawsuits

George Merhoff & Cetera Advisor Lawsuits, Featured by Top Securities Fraud Attorneys, The White Law Group

Clients of George Merhoff & Cetera Advisors may have Recovery Options

Are you concerned about investment losses with George Merhoff, Jr. and Cetera Advisors? If so, The White Law Group may be able to help you recover your losses by filing a FINRA Dispute Resolution claim.

The White Law Group continues to investigate potential securities fraud claims regarding the liability that Cetera may have for losses sustained by Merhoff’s clients.

In August 2017, Oregon’s Division of Financial Regulation (DFR) alleged violation of “unfair” conduct and failure to supervise against Cetera Advisors, LLC and Merhoff.

According to Merhoff’s broker report, “DFR assessed a $70,000 civil penalty; $35,000 was collected near the time the Final Order became effective. The remainder will not be collected upon provided the voluntary heightened supervision is maintained. The Penalty was joint and several between Cetera Advisors LLC and George Merhoff.”

Cetera Advisors has reportedly had numerous lawsuits filed against them for more than $5 million in damages accusing Merhoff of over-concentrating their portfolios in unsuitable, high risk alternative energy investments, such as Linn Energy.

According to Merhoff’s FINRA broker report, he has 25 customer complaints against him, with 5 still pending. Allegations include charges of unsuitability, negligence, breach of fiduciary duty, and breach of contract, among others.

Last month Merhoff was reportedly fired for “violating firm’ s policies and procedures by making undisclosed payments to a customer of the firm.”

Brokerage firms are required to supervise their advisors to ensure that they are complying with FINRA rules.  If it can be determined that Merhoff violated FINRA rules and his employers failed to adequately supervise him, the firm can be held responsible for any resulting losses in a FINRA arbitration claim.

Free Consultation

For a free consultation with a securities attorney, please call The White Law Group at 888-637-5510.

The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida.

For more information on The White Law Group and its representation of investors in FINRA arbitration claims, visit https://www.whitesecuritieslaw.com.