Did You Invest with Success Trade Securities or Jade Management?

Success Trade Securities, Inc., sold $18 million in STI promissory notes to their clients, most of whom are current or former NFL and NBA players. These promissory notes were unregistered securities. The STI promissory notes were allegedly part of a Ponzi scheme by Success Trade, and it's brokers, Faud Ahmed and Jinesh Pravin "Hodge" Brahmbhatt, according to FINRA. The CFP promissory notes also may be part of a Ponzi scheme, and it is questionable that CFP Group, Inc., ever had the finances to pay back the promissory notes. These promissory notes are now worthless.

Success Trade's brokers also were employees or affiliated with Jade PWM, the investment advisory firm owned by Brahmbhatt. Jade Management had more than 30 athletes who purchased high interest investments. Allegedly, these investments are fraudulent. Some of those investments promised interest returns between 11 and 26 percent.

As we reported in our blog, April 4, 2013, FINRA issued a Temporary Cease and Desist Consent Order to cease securities laws violation in connection with STI promissory notes and other securities issued through a private placement offering.
Then, as we reported here in our blog, on April 10, 2013, FINRA filed a Complaint against Success Trade and Ahmed alleging the Ponzi scheme.

If you have experienced a financial loss due to Success Trade Securities or Jade Management, call Soreide Law Group for a free consultation with an attorney on how to potentially recovery your investment at: 888-760-6552.