LaeRoc Funds are real estate 'private placements' sold by various broker/dealers. LaeRoc Funds, a real estate investment firm, manages over $650 million in assets. LaeRoc 2005-2006 Income Fund, L.P., is trying to raise enough money to pay off debt due to the decline in real estate ventures. June, 2011, the Fund issued a cash call […]

The Securities and Exchange Commission alleged three former brokers at JP Turner & Co. in Atlanta, traded excessively in accounts of seven clients from January, 2008, through December, 2009. Regulators reported that these three brokers churned their client's accounts and received $845,000 in commissions and fees for themselves and the brokerage. Unfortunately, their customers lost […]

Recently, InvestmentNews.com did an analysis of eight of the largest nontraded real estate investment trusts (REITs). They found that these REITs have lost $11.3 billion, or 37% of their equity value, over the past seven years. On August 14th., CNL Lifestyle Properties Inc., which initially raised $2.7 billion at $10 a share, became the latest […]

William Thomas Johnson Jr. (CRD #1189117, Registered Representative, North Palm Beach, Florida) was barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Johnson consented to the described sanction and to the entry of findings that he received approximately $47,000 from a customer after Johnson made the representation, which […]

ICON Income Fund Ten, LLC, is in the process of liquidation, states Businessweek in a recent article. ICON engages in purchasing and leasing equipment to third parties; provides equipment financing; and acquires ownership rights to leased equipment at lease expiration in the United States and the United Kingdom. This company’s portfolio of equipment comprises container […]

JHS Capital Advisors Inc. and a former broker, Enver R. Alijaj, were fined $1.9 million in a Finra arbitration last week stemming from allegations that the broker traded in a client's account excessively to generate commissions. The broker was also forced to pay $500,000 to settle a previous charge of churning. Churning is illegal and unethical. On the […]

  Sean K. Hannon (CRD #4296260, Registered Representative, Cary, North Carolina)   has submitted an Offer of Settlement in which he was barred from association with any FINRA member in any capacity. Hannan, without admitting or denying FINRA's allegations, consented to the described sanction and to the entry of findings that he failed to provide investigative […]

 Joel William Carlson (CRD #2844760, Registered Representative, Vadnais Heights, Minnesota)  was barred from association with any FINRA member in any capacity. Carlson consented to the described sanction and to the entry of findings that he solicited his member firm’s customers to give him a total of at least $734,000, fraudulently misrepresenting to the customers that he would […]

Soreide Law Group is currently investigating claims relating to the sale of stock and debentures in Havoc Energy Drink. HAVOC is owned by American Enterprise Development Corporation (OTC: AEND) and manufactures and distributes the popular HAVOC Energy Drink.   If your stock broker or financial advisor recommended the purchase of AEND call Soreide Law Group for a […]