The following summation of information is available on FINRA's Website under “Disciplinary and Other FINRA Actions, April, 2014.” Jeffrey Robert Alexander (CRD #5387133, Registered Representative, Colorado Springs, Colorado) was fined $5,000 and suspended by FINRA for three months. Alexander allegedly recommended investors purchase interests in an oil and gas program to fund the drilling of […]

Ridgewood Energy Corporation, of Ridgewood, New Jersey, manages private investment funds that develop and drill oil and gas projects located in the United States waters in the Gulf of Mexico. Many broker/dealers have sold Ridgewood Funds to their clients without conducting the a proper suitability analysis for such investments. These funds were not suitable for […]

On December 16, 2013, the SEC filed a complaint against Leon Ali Parvizian and his two companies, Arcturus Corporation and Aschere Energy LLC, alleging that they fraudulently offered and sold securities "in the form of interests in oil and gas joint ventures." Also, promoters Alfredo Gonzalez, AMG Energy, LLC , Robert Balunas, and R. Thomas […]

On December 16, 2013, the SEC filed a complaint against Leon Ali Parvizian and his two companies, Arcturus Corporation and Aschere Energy LLC, alleging that they fraudulently offered and sold securities "in the form of interests in oil and gas joint ventures." Also, promoters Alfredo Gonzalez, AMG Energy, LLC , Robert Balunas, and R. Thomas […]

There were allegations filed with the Financial Industry Regulatory Authority or FINRA Dispute Resolution, which state that a broker-dealer with AXA Advisors in Orange County, California, persuaded a retired couple, and a retired woman, to invest in essentially worthless and inappropriate investments. This alleged Ponzi scheme preyed on retired Filipino-Americans. The clients allege that the […]