On Monday, Mark Ellison, 64, and David Swenson, 35, both of Boise, Idaho, and founders of DBSI; and Jeremy Swenson, 40, of Meridian, Idaho, appeared in United States District Court in Boise, and entered not guilty pleas on charges of conspiracy to commit securities fraud, wire fraud, mail fraud, and interstate transportation of stolen property […]

In an InvestmentNews.com article by Bruce Kelly, he writes that failed private placements issued by Medical Capital Holdings Inc. and Provident Royalties LLC have forced dozens of broker-dealers to close, be sold or seek bankruptcy protection. Failed real estate tenant-in-common syndicator DBSI Inc. is threatening to have the same result, with DeWaay Financial Network LLC […]

Pacific West Securities, Inc., a sizable independent broker-dealer with about 290 affiliated reps and advisers, is shutting down due to thin margins and high costs of doing business, with the reps moving to a broker-dealer in Cetera Financial Group, writes Bruce Kelly in a Dec. 6, 2011, ariticle for InvesmentNews.com. Kelly writes that Pacific West Securities […]