Category: News

9
Apr

WARNING! Impending Investigation–PERRY S. ABBONIZIO and WELLS FARGO ADVISORS

Perry S. Abbonizio and Wells Fargo Advisors Have you lost money with financial advisor Perry Stephen Abbonizio?  We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against Perry Abbonizio, from Conshohocken, Pennsylvania.  FINRA alleges that Abbonizio participated in private securities transactions without approval from his securities brokerage firm, Wells Fargo Advisors.  FINRA …
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9
Apr

WARNING! Impending Investigation–LPL FINANCIAL and NON-TRADED REITs

LPL Financial and Non-traded REITs   Have you lost money investing in non-traded REITs through LPL Financial? We are currently investigating allegations made against LPL Financial, a Boston, Massachusetts-based securities brokerage firm.  The New Hampshire Bureau of Securities Regulation fined LPL Financial $1.2 million for the sales of non-traded REITs (or real estate investment trusts) …
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30
Mar

SEC Charges New York Based Brokerage Firm Macquarie Capital

U.S. SECURITIES AND EXCHANGE COMMISSION Litigation Release No. 23222 / March 27, 2015 Securities and Exchange Commission v. Macquarie Capital (USA) Inc. et al., Civil Action No. 15-CV-02304 SEC Charges New York-Based Brokerage Firm with Faulty Underwriting of Public Offering by China-Based Company   The Securities and Exchange Commission today announced charges against a New …
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25
Mar

ATTORNEY DAVID NEUMAN SUCCESSFULLY APPEALS CLASS SETTLEMENT

Attorney David Neuman Successfully Appeals a Limited-Fund, Non-Opt Out Class Settlement   Israels & Neuman PLC is proud to announce that attorney David Neuman has successfully overturned a limited fund, non-opt-out class settlement with a former securities broker-dealer.   Mr. Neuman, along with co-counsel Gail Boliver, opposed a proposed class action settlement made with former FINRA …
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13
Mar

PRESS RELEASE! CNL Lifestyle Properties REIT Announces Significant Drop in Value

CNL Lifestyle Properties REIT Announces Significant Drop in Value In a recent filing with the Securities and Exchange Commission (SEC), CNL Lifestyle Properties, a non-traded REIT or Real Estate Investment Trust, announced that the net asset value (NAV) of its shares dropped 24%.  The NAV dropped from $6.85 in 2013 to $5.20 currently.  CNL Lifestyle …
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9
Mar

UPDATE! Redonda Russell Barred from the Securities Industry

Redonda Russell and First Command Financial Planning We are continuing to investigate allegations made against Redonda Russell of Fort Worth, Texas.  In 2014, Redonda Russell pled guilty to wire fraud charges, in connection with stealing more than $316,000 from clients.  Redonda Russell was alleged to have located lists of clients with inactive accounts and life …
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4
Mar

WARNING! Impending Investigation–JOSH R. ABERNATHY and OMEGA INVESTMENT GROUP

Josh R. Abernathy and Omega Investment Group Have you lost money with financial advisor Josh R. Abernathy from Norfolk, Virginia?  We are investigating allegations made by the U.S. Attorney for the Eastern District of Virginia, who charged Joshua Ray Abernathy with mail fraud and conducting unlawful monetary transactions on March 2, 2015.  Abernathy is accused …
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27
Feb

INLAND AMERICAN REIT Announces Significant Drop in Value and Distributions

Inland American REIT Announces Significant Drop in Value and Distributions In a recent filing with the Securities and Exchange Commission (SEC), Inland American, a non-traded REIT or Real Estate Investment Trust, announced that the net asset value (NAV) of its shares dropped 42.4%.  The NAV dropped from $6.94 in 2013 to $4 currently.  Inland American …
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16
Feb

PRESS RELEASE: Israels & Neuman PLC files arbitration Complaint against LPL FINANCIAL and VALIC

Jodie L. Miller, VALIC Financial Advisors, and LPL Financial FOR IMMEDIATE RELEASE – Israels & Neuman PLC announce the filing of an arbitration complaint on behalf of investors who suffered losses in Tri-Med Corporation, against VALIC Financial Advisors and LPL Financial LLC.  The investors were solicited to invest in Tri-Med Corporation by Jodie L. Miller, …
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