1 Global Capital (1st Global) & 1 West Capital file for Chapter 11 during SEC Investigation

1st global

Have you suffered losses investing in 1 Global Capital (1st Global) or 1 West Capital? If so, the securities attorneys at The White Law Group may be able to help you to recover your losses through FINRA Arbitration.

1 Global Capital LLC (1st Global) and 1 West Capital LLC claimed to offer investors low-risk, high-return investments that 1st Global would use to fund merchant cash advance deals, according to sources.

According to reports, 1 Global Capital LLC, (“1st Global Capital”), the cash advance company, is a separate, unrelated company from 1st Global Capital Corp., the independent broker-dealer based in Dallas.

1 Global Capital and its affiliate, 1 West Capital reportedly filed for Chapter 11 Bankruptcy protection on July 28 “in order to address a sudden and acute liquidity crisis and to preserve their assets and business operations for the benefit of the individual lenders and all other constituencies,” according to the joint motions.

This “liquidity crisis” reportedly stemmed from the SEC’s investigation of 1 Global Capital LLC (“1st Global”), and its owner, for alleged securities law violations which include the alleged offer and sale of unregistered securities, the alleged sale of securities by unregistered brokers, and the alleged commission of fraud in connection with the offer, purchase, and sale of securities.

The White Law Group is investigating potential claims involving 1 Global Capital and 1 West Capital and the liability that sales agents may have for improperly recommending these investments.

For more information on the firm’s investigation involving 1st Global Capital, visit 1 Global Capital LLC – Securities Fraud Investigation.

If you are concerned about investment losses in 1 Global Capital (1st Global) and/or 1 West Capital, the securities attorneys at The White Law Group may be able to help you. For a free consultation with a Contingency Fee Attorney, please call our offices 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, please visit www.WhiteSecuritiesLaw.com.

 

 

Sonya Carmaco – LPL Financial – Securities Investigation

Sonya Camarco

Investigating Potential Securities Claims – Sonya Camarco

The White Law Group is investigating potential claims involving financial advisor Sonya Camarco and the liability that LPL Financial may have for failing to properly supervise her.

According to her FINRA broker report, Camarco was dismissed from LPL Financial in August 2017 for allegedly “depositing third party checks from client accounts into a bank account she controlled and accessing client funds for personal use.”

In August, the SEC charged Camarco with using her company Camarco Investments, Inc., to allegedly steal over $2.8 million in investor funds from her clients and customers.

According to various reports, Camarco allegedly used investor accounts to pay hundreds of thousands of dollars in credit card bills and took cash advances on investor accounts.

Camarco was registered with LPL Financial LLC in Colorado Springs, CO from February 2004 until August 2017, according to her FINRA BrokerCheck report. She has 9 customer complaints filed against her, 4 of which are pending, according to her broker report.

If you suffered losses investing with Sonya Camarco and LPL Financial, the securities attorneys at The White Law Group may be able to help you.  For a free consultation with a securities attorney, please call the 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, and its representation of investors, please visit our website at http://www.whitesecuritieslaw.com.

 

 

Austin Dutton & Newbridge – Investors may have claims

Austin DuttonSecurities Fraud Investigation – Austin Dutton – Newbridge

Have you suffered losses investing with Austin Dutton and Newbridge Securities in Doylestown, PA? The securities attorneys at The White Law Group may be able to help you to recover your losses by filing a FINRA Arbitration claims against the firm.

According to Austin Dutton’s FINRA BrokerCheck report, he was fined $200,000 in July 2017 for allegations of “dishonest or unethical practices in the securities business,” by the Pennsylvania Department of Banking and Securities.

Newbridge Securities, Dutton’s employer at the time, was also reportedly fined $499,000 by the Pennsylvania state regulator for allegedly failing to supervise a broker in connection with sales of structured products to his clients in the state.

Dutton was registered with Newbridge Securities Corp. in Doylestown, PA from 2007 through August 2017, according to his Broker Check report. He has 14 pending customer disputes listed on his broker report since November 2017 for allegations of unsuitability, negligence and misrepresentation, among others.

Investigating Potential Claims

The White Law Group continues its investigation regarding former financial advisor Austin Dutton and the liability that Newbridge Securities may have for failure to supervise him.

Brokerage firms are required to properly supervise their advisors. They must ensure that those advisors are complying with applicable FINRA rules and regulations. If it can be demonstrated that Austin Dutton’s former employers failed to properly supervise him, the firm may be held responsible for the losses in a FINRA arbitration claim.

If you have suffered losses investing with Austin Dutton and would like a free consultation to discuss your litigation options, please call the securities attorneys at The White Law Group at 1-888-637-5510.

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, visit www.WhiteSecuritiesLaw.com.

 

 

 

 

Anthony Diaz – Pennsylvania Broker – Securities Fraud Investigation

Anthony Diaz – Securities Fraud Investigation

The White Law Group continues to investigate potential claims involving financial advisor Anthony Diaz and the liability his employers may have for failing to properly supervise him. The firm has recently filed two claims on behalf of investors who have lost money investing with Pennsylvania broker Anthony Diaz.

According to reports, Diaz was registered at 11 broker-dealer firms in 14 years. He has  also reportedly been  the  subject  of  at  least three regulatory  events,  four  employment  separations and forty-three customer  complaints.

FINRA arbitrators reportedly have ruled that Anthony Diaz must pay damages to 19 former clients, noting he failed to respond to arbitration. Those reported further state that the award includes compensatory damages of about $1 million, punitive damages of $2.9 million and attorneys’ fees of more than $400,000.

Diaz, 48, was also reportedly ordered to pay more than $4 million in damages ahead of his federal trial on criminal fraud charges.

Once regarded as one of the nation’s top brokers, FINRA claims that Diaz allegedly earned millions of dollars by pushing high-fee, high-risk alternative investments, such as real estate investment trusts (REITs) and equipment leasing partnerships. These types of investments typically offer high broker commissions.

According to the United States Attorney’s Office for the Middle District of Pennsylvania, Diaz was charged in a superseding indictment with additional charges of mail and wire fraud.

Diaz was originally indicted on May 12, 2016, and charged with six counts of wire fraud by using false and misleading statements and misrepresentations to induce his clients to purchase high risk and/or otherwise unsuitable investment products.

According to his FINRA BrokerCheck report, Anthony Diaz has 55 (fifty-five) disclosure events, including 43 customer complaints. He was last registered with IBN Financial Services in Scotrun, PA from 09/27/2012 – 04/23/2015.

Diaz was reportedly barred from the securities industry by the Pennsylvania Bureau of Securities in June 2015, as well as FINRA, and his registration in the State of New Jersey was purportedly revoked in April 2017.

Free Consultation with a Securities Attorney

If you have questions or concerns about investments you made with Anthony Diaz, the securities attorneys of The White Law Group may be able to help you.  To speak with a securities attorney, please call 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, and its representation of investors, please visit our website at http://www.whitesecuritieslaw.com.

 

 

Investigating Potential Claims – UDF Income Fund V

United Development Funding Income Fund V – UDF Income Fund V

The White Law Group is investigating potential claims involving broker dealers who may have unsuitably recommended UDF Income Fund V to investors.

United Development Funding Income Fund V (a/k/a UDF Income Fund V) is a non-traded REIT sponsored by United Development Funding in Grapevine, Texas. UDF Income Fund V is a real estate investment that invests in secured loans and residential real estate, according to its website.

In February 2016, the FBI raided United Development Funding’s offices in Grapevine, Texas investigating allegations of a possible Ponzi scheme.

On May 15, 2018, United Development Funding Income Fund V announced that they will be unable to file their next 10-Q by the deadline required by the SEC. The company has not filed a quarterly report since 2015.

The White Law Group has received numerous calls from investors who have suffered losses investing in UDF funds. The firm continues to investigate potential claims in all of the UDF offerings such as UDF Income Fund V.

Unfortunately for investors, some brokers will represent Real Estate Investment Trusts REITs and limited partnerships  as “safe” investments.

In general, limited partnerships and REITs lack liquidity and are inherently risky. These types of products are sophisticated complex investments that are better suited for institutional investors or investors who can afford total loss of their capital investment.

If a broker-dealer makes unsuitable investment recommendations or fails to adequately disclose the risks associated with an investment they may be liable for investment losses through FINRA arbitration.

Free Consultation

If you have suffered losses investing in UDF Income Fund V or another UDF offering, please contact The White Law Group at 888-637-5510 for a free consultation.

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 firm, visit www.WhiteSecuritiesLaw.com.