Lars K. Soreide, of Soreide Law Group, a securities arbitration law firm based out of Fort Lauderdale, representing investors Nationwide before FINRA, had clients who were recently awarded approximately $560,626.00 in a FINRA arbitration against John Michael Greer, Sr., for his role in the sale of the Church Mortgage and Loan bond to a retired investor.
The Church Mortgage and Loan bond sold to the retired investor represented over 80% of his retirement savings and the bond defaulted shortly after the sale through American Heritage Church Finance, Inc. Soreide Law Group, intends to confirm the award in Federal Court and vigorously pursue full collection of the award against Mr. Greer.
If you have experienced a financial loss due to the sale of church bonds, call Soreide Law Group for a free consultation with an attorney at: 888-760-6552.
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Federal regulators have settled fraud charges against Phoenix American Hospitality, a Dallas-based manager of hotel investment funds, and its president, William Lee "Perch" Nelson. According to the Securities and Exchange Commission (SEC), the company raised approximately $86 million from more than 2,000 retail investors. They allegedly made false statements about the funds' hotel holdings and […]
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