Arque Capital, Ltd. (CRD #121192, Scottsdale, Arizona)
was censured and fined $50,000 for allegedly selling approximately $3.53 million in an alternative investment known as Renewable Secured Debentures to approximately 40 investors while providing investors with their sales kit, which included a brochure with misleading statements.
FINRA's findings stated that as the managing broker/dealer for the debentures, Arque Capital was responsible for conducting due diligence on the company and the debentures, and reviewing all advertising pieces related to the debentures. Allegedly, Arque Capital distributed sales literature that contained misleading statements, omitted material facts and failed to provide a sound basis for evaluating the securities that were being offered.
(FINRA Case #2012033994701)
This ends the summation of information obtained from FINRA's website under, "Disciplinary and Other Actions, January, 2015."
If you have a suffered losses in Renewable Secured Debentures or another alternative investment, you may have a claim for recovery. Please contact Soreide Law Group to discuss your rights. For a free consultation with an attorney call: 888-760-6552.
ROBERT SCOTT SMITH (ROBERT S SMITH) is currently registered as a broker with EMERSON EQUITY LLC of Newberg, Oregon, since 4/3/2020. He was previously registered as a broker with CONCORDE INVESTMENT SERVICES LLC of Newberg, Oregon, 05/06/2011 - 04/06/2020. According to FINRA’s BrokerCheck, available to the public on FINRA’s website, ROBERT S SMITH has 39 […]
MARILEE ANN HILL (MARILEE A HILL, MARILEE ANN HANSEN) has been registered as a broker with EMERSON EQUITY LLC of San Mateo, California, since 3/26/2020. She was previously registered with PRIMEX of Christiansted, St. Croix, VI, from 10/13/2014 - 04/20/2020. According to FINRA’s BrokerCheck, available to the public on FINRA’s website, MARILEE A HILL has […]
Investors potentially experienced sales practice violations by securities broker Nicholas Thomas Stafford IV (also known as Nicholas Lance and Lance Stafford) [CRD: 2900449, Atlanta, Georgia], given the publicly available information found on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Stafford worked for Bridge Capital Associates Inc. from January 10, 2020, to March 3, 2022, Emerson Equity […]
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