Securities Lawyer Blog | Victim of Fraud?

TAG | private placement lawyer

Sep/12

6

Did You Invest in Club 50, Inc., Private Placements?

Comments off · Posted by Securities Lawyer in FINRA

Soreide Law Group is currently investigating the sale of shares in Club 50, Inc., through a private placement offering by various FINRA registered broker dealers. Club 50 Inc., is located at 360 South Center Street, Suite 500, Reno, Nevada 89501. If your broker/dealer sold you this private placement, offering it to you as a “safe” investment, not making you aware of their risks, we would like to speak to you. To purchase this investment you must have been an accredited investor having a net worth of over $1 million or an annual income of over $200,000. Even if you do qualify, these investments may also not have been suitable for your portfolio. Private placements can carry risk, and that risk should be made know to the investor before purchase.

Soreide Law Group, PLLC, represents clients nationwide. Call for a free consultation on how to potentially recover your private placement financial losses. To speak with an attorney call 888-760-6552, or visit our website at: http://www.securitieslawyer.com.

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Jun/12

20

California Rep Fined and Suspended by FINRA

Comments off · Posted by Securities Lawyer in FINRA

 

Tsarina Lau Branyan (CRD #5628096, Registered Representative, Huntington Beach, California)

has been fined $7500.00 and was suspended from associating with FINRA members in any capacity for 20 business days.

This fine is payable when Branyan re-enters the securities industry. These sanctions were based on FINRA’s findings that Branyan sold, or participated in the sales of, securities without being registered.

The findings stated that Branyan did not hold any FINRA licenses when she sold or participated in the sale of approximately $1 million of private placement securities to customers.

 The suspension was in effect from May 7, 2012, through June 4, 2012.

(FINRA Case #2010022715608)

Soreide Law Group, PLLC, has represented clients nationwide before FINRA the Financial Industry Regulatory Authority. For a free consultation with an attorney, call us at 888-760-6552, or visit our website at: ww.securitieslawyer.com.

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Dec/11

19

Boca Raton Rep, Alan Goddard, Jr., Fined and Suspended by FINRA

Comments off · Posted by Securities Lawyer in FINRA

Alan David Goddard Jr. (CRD #3019681, Registered Representative, Boca Raton, Florida)
 
has submitted a Letter of Acceptance, Waiver and Consent in which he was fined $10,000 and suspended from association with any FINRA member in any capacity for 45 days. This fine must be paid either immediately upon Goddard’s reassociation with a FINRA member firm following his suspension, or prior to the filing of any application or request for relief from any statutory disqualification, whichever is earlier.
 
Without admitting or denying the findings, Goddard consented to the described sanctions and to the entry of findings that he was actively engaged in a member firm’s investment banking and securities business as a principal without proper registration.
 
These findings stated that Goddard signed selling agreements and consulting agreements with issuers on the firm’s behalf as an officer of the firm and worked closely with the firm’s outside counsel to establish the terms of selling agreements and private placement offerings that the firm conducted. Unbeknownst to Goddard, the firm’s CCO amended the firm’s Application for Broker-Dealer Registration (Form BD) to list Goddard as the firm’s CEO.
 
FINRA’s findings also stated that during Goddard’s entire association with the firm, he was only registered as a general securities representative; Goddard took the Series 24 examination but failed. Goddard erroneously believed that he could function in the capacities set forth above without a principal’s license.
 
This suspension was in effect from October 17, 2011, through November 30, 2011. (FINRA Case #2009016157802)
 
This information is from FINRA’s website’s Disciplinary Actions, December, 2011.
 
Securities Attorney, Lars Soreide, of Soreide Law Group, PLLC, has represented clients nationwide. If you or a family member have experienced losses through Alan David Goddard, Jr., call a Securities Arbitration Lawyer for a free consultation on how to potentially recover your losses. To speak with an attorney, call 888-760-6552, or visit www.securitieslawyer.com.

Soreide Law Group, PLLC., representing investors nationwide before FINRA the Financial Industry Regulatory Authority.

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