January 21, 2014

ATTENTION JP TURNER CLIENTS WHO PURCHASED THOMPSON NATIONAL HIGH YIELD NOTES

Many national brokerage firms, such as JP Turner and Co., sold investment notes of real estate investor Tony Thompson that promised high yields. The TNP 12% notes sold by JP Turner and other brokerage firms, are the subject of a Financial Industry Regulatory Authority Investigation (FINRA). As much as $50 million was raised through the sale of the Thompson TNP notes. The non-traded real estate investment trust or “REIT”, TNP Strategic Retail Trust Inc., recently stopped paying its dividend to investors. FINRA already has had Mr. Thompson and TNP Securities, LLC, his broker/dealer, under investigation for allegedly failing to cooperate with FINRA. FINRA has now filed a complaint against Tony Thompson individually, alleging that he defrauded his TNP 2008 Participating Notes Program LLC and the TNP Profit Participation Program, LLC.

Brokerage firms such as JP Turner sold these high yield Thompson notes. Brokerage firms may be liable to their customers for failing to conduct adequate due diligence into the Tony Thompson notes before the sale. If you invested in high yield Thompson notes call (888) 760-6552 for a free consultation. There is no fee if there is no recovery and Soreide Law Group advances ALL costs.

Recent Posts

March 28, 2024
Al Lovelace In Investor Disputes Over Annuity Misrepresentation

Soreide Law Group is investigating potential investor claims of sales practice violations possibly committed by securities broker Al Stephen Lovelace [CRD: 2393766, Rutherfordton, North Carolina], given the disclosures on FINRA BrokerCheck. Evidently, Lovelace has worked for Equitable Advisors LLC since December 27, 2016, and worked previously at AXA Advisors LLC from October 2, 2008, to […]

March 28, 2024
KAREN CHUNG of WESTERN INTERNATIONAL

Soreide Law Group is conducting an investigation into WESTERN INTERNATIONAL SECURITIES, INC. of Pasadena, California, financial advisor, KAREN TRAN CHUNG (KAREN CHUNG). According to FINRA’s  BrokerCheck, KAREN CHUNG, has been in the securities industry for 20 years and has been listed with 4 firms.  She is currently listed with, WESTERN INTERNATIONAL SECURITIES, INC., 70 S. […]

March 26, 2024
Stifel Fined $400K by FINRA

According to a recent article in Wealth Management, Stifel will pay over $400,000 to settle FINRA disciplinary charges that the firm allegedly did not properly supervise one of their registered representatives who misappropriated over $100,000 from an elderly client. Stifel agreed to the penalties without admitting or denying FINRA’s findings. In addition to a $400,000 penalty, Stifel […]

Contact us Nationwide USA
2401 E. Atlantic Blvd., Suite 305, Pompano Beach, FL 33062
Helping clients recover money across the USA
search
Copyright © 2022 Soreide Law Group, PLLC  |  All Rights Reserved
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram