The Financial Industry Regulatory Authority (FINRA) sanctioned the following eight firms and 10 individuals, and ordered restitution totaling more than $3.2 million, for selling interests in private placement offerings without having a reasonable basis for recommending the securities. The firms and individuals sold interests in several high-risk private placements, including those issued by Provident Royalties, […]

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 […]

ATTENTION Tenant-in-Common ("TIC") Investors.   If you have sustained losses in the following Tenant-in-Common ("TIC") investments, call attorney Lars K. Soreide of the Soreide Law Group today at 1 (888) 760-6552 or visit securitieslawyer.com: DBSI Tenant In Common (TIC) Investment TSG Tenant in Common (TIC) Investment Evergreen Tenant in Common (TIC) Investment US Advisors Tenancies […]

In a February 14th., 2012, article in InvestmentNews.com, Bruce Kelly writes that LPL Financial, LLC, is on the hook for a $1.4 million arbitration awarded to an elderly couple who bought real estate deals. According to the attorney for the plaintiffs, the property investments relied on “tricks” to boost their yields before they collapsed. Heinrich […]

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 […]

In a November 25, 2011, article in InvestNews.com, Bruce Kelly writes that broker-dealers who sold billions of dollars in allegedly fraudulent private placements failed massively in their due-diligence responsibilities to investors, according to the assessment of forensic accountant and expert witness Gordon Yale, who has worked on more than 50 legal claims brought by investors against […]