AFIN Urges Shareholders to reject new tender offer from Mackenzie Realty Capital According to reports this week, the board of American Finance Trust Inc. (NASDAQ: AFIN), is urging company shareholders to reject a recent unsolicited tender offer from MacKenzie Realty Capital Inc. This is the second tender offer that MacKenzie has extended to purchase AFIN shares this year. The White Law Group continues its investigation into potential securities fraud claims involving broker dealers who may have unsuitably recommended AFIN to investors. AFIN, a former non-traded real estate investment trust sponsored by AR Global, has listed 75 percent of its Class A and former Class B-1 shares on NASDAQ, and the remaining Class B-2 shares are expected to list by January 2019. The company terminated its share repurchase program at the end of June prior to listing on NASDAQ. The non-traded REIT has a portfolio reportedly consisting of 560 single-tenant net lease and multi-tenant retail and…
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AFIN – American Finance Trust – Tender Offer
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Mark Lamkin Terminated From LPL Over Customer Loan, Private Investment Allegations
Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on October 26, 2018 indicate that former Kentucky-based LPL Financial broker/adviser Mark Lamkin was recently terminated from his former employer in connection to alleged rule violations and is currently not affiliated with any broker-dealer firm. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Lamkin (CRD# 2121510). Mark Lamkin has spent 27 years in the securities industry and was most recently registered with LPL Financial in Louisville, Kentucky (2001-2018). Previous registrations include PNC Brokerage Corporation in Pittsburgh, Pennsylvania (1994-2001); GNA Securities in Richmond, Virginia (1991-1994); Equico Securities in New York, New York (1991); and the Equitable Life Assurance Society of the United States in New York, New York (1991). He has passed six securities industry examinations: Series 65 (Uniform Investment Adviser…
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Joseph Woitkoski Terminated from Raymond James Over Alleged Unauthorized Transaction
Publicly available records published by the Financial Industry Regulatory Authority (FINRA) and accessed on October 25, 2018 indicate that former Massachusetts-based Raymond James & Associates broker/adviser Joseph Woitkoski was recently terminated from his former employer in connection to alleged rule violations and is currently not affiliated with any broker-dealer firm. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Woitkoski (CRD# 3023301). Joseph Woitkoski has spent 20 years in the securities industry and was most recently registered with Raymond James & Associates in Pittsfield, Massachusetts (2010-2018). Previous registrations include Merrill Lynch Pierce Fenner & Smith in Albany, New York (2004-2010) and UBS Financial Services in Weehawken, New Jersey (1998-2004). He has passed seven securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on May 20, 2004; Series 66…
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Aaron Lupuloff: Investor Seeks $5 Million in Bonds Complaint
Public records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on October 25, 2018 indicate that New Jersey-based First Empire Securities broker Aaron Lupuloff has received a pending customer dispute. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Lupuloff (CRD# 1866423). Aaron Lupuloff has spent 27 years in the securities industry and has been registered with First Empire Securities in Jersey City, New Jersey since April 2018. Previous registrations include Fifth Third Securities in Atlanta, Georgia (2015); Sterne & Leach in Atlanta, Georgia (2011-2015); Raymond James & Associates in Atlanta, Georgia (2008-2010); and JP Morgan Securities in Atlanta, Georgia (1988-2008). He has passed five securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination), which he obtained on May 7, 2018; SIE (Securities Industry Essentials Examination), which he obtained on October 1,…
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Will Contests – Have You Been Shorted by Trickery Involving a Loved One’s Estate?
Have you been unfairly deprived of an anticipated inheritance by way of trickery or deceit on the part of another party? New York State Law affords victimized would-be Will beneficiaries considerable favorable procedures and case law to assist in the recovery of your rightful inheritance. The baby boomer generation has seen thousands of claims involving siblings seeking unfair or disproportionate inheritance, to the detriment of their other siblings. Unfair Wills, including Wills involving undue influence, lack capacity, improper Will execution duress and trickery can be afforded redress in Will contest proceedings under New York State Law.For a free initial consultation, contact the Law Offices of Timothy J. O’Connor at (518) 426-7700.
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Dallas Area Couple Indicted for Embezzling $14.5 Million From Retirement Accounts
Rex Securities Law- Stockbroker Malpractice Attorney. Nationwide representation. October 2018-Red Oak, Texas Jeffrey Richie, 53, and his wife Wendy Richie, 58, of Red Oak, TX, (a suburb south of Dallas) were indicted for conspiracy, theft from an employee benefit plan, wire fraud and aggravated identity theft. An indictment filed in the Northern DIstrict of Texas alleges that they embezzled $14.5 million from retirement … Continue reading Dallas Area Couple Indicted for Embezzling $14.5 Million From Retirement Accounts → The post Dallas Area Couple Indicted for Embezzling $14.5 Million From Retirement Accounts appeared first on Rex Securities Law BLOG.
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Robert Abramowitz- National Securities Corp. Broker- Discloses Customer Disputes- Melville, NY
Rex Securities Law- Stockbroker Malpractice Attorney. Nationwide representation. October 2018- Melville, NY According to publicly available records Robert Abramowitz (CRD#4457589), a stockbroker who is registered with National Securities Corp. disclose a prior customer dispute and 2 pending customer disputes.. The Financial Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer … Continue reading Robert Abramowitz- National Securities Corp. Broker- Discloses Customer Disputes- Melville, NY → The post Robert Abramowitz- National Securities Corp. Broker- Discloses Customer Disputes- Melville, NY appeared first on Rex Securities Law BLOG.
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Jeffrey Glusman-Former Merrill Lynch Broker-Discloses $550,000 Customer Dispute-Jupiter, FL
Rex Securities Law- Stockbroker Malpractice Attorney. Nationwide representation. October 2018- Jupiter, FL According to publicly available records Jeffrey A. Glusman (CRD#4427168), a stockbroker who formerly was registered with Merrill Lynch, Pierce, Fenner & Smith, disclose a pending $550,000 customer dispute. The Financial Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to … Continue reading Jeffrey Glusman-Former Merrill Lynch Broker-Discloses $550,000 Customer Dispute-Jupiter, FL → The post Jeffrey Glusman-Former Merrill Lynch Broker-Discloses $550,000 Customer Dispute-Jupiter, FL appeared first on Rex Securities Law BLOG.
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Woodbridge Receives Judicial Approval of its Chapter 11 Plan of Liquidation, Paving Way for Payment of Investor Claims
U.S. Bankruptcy Judge Kevin J. Carey (D. Delaware Case No. 17-12560-KJC) has overruled the final objection to the Chapter 11 Liquidation Plan (“Plan”) for the Woodbridge Group of Companies, LLC and its affiliated debtors in possession (collectively, “Woodbridge” or the “Debtors”). As we have discussed in recent blog posts, the Woodbridge bankruptcy cases arise out of a purported massive, multi-year fraudulent scheme perpetrated by Woodbridge’s founder and former CEO, Robert Shapiro (“Shapiro”). Judge Carey’s ruling paves the way for payment of creditor claims. Public investors in Woodbridge reportedly will receive around 60-70% of their net investment sums for investments in Notes (or so called First Position Commercial Mortgages or “FPCMs”) and 40-50% of their net investment sums for investments in units in so-called Units. In connection with the alleged fraud, Mr. Shapiro — through…
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Holly Maurer- Corecap Investments Broker-Discloses Settlement of Several Customer Disputes-Southfield, MI
Rex Securities Law- Stockbroker Malpractice Attorney. Nationwide representation. October 2017 – Southfield, MI According to publicly available records Holly M. Maurer (CRD#2764991) , a stockbroker who is registered with Corecap Investments , disclose 5 prior customer disputes. The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as … Continue reading Holly Maurer- Corecap Investments Broker-Discloses Settlement of Several Customer Disputes-Southfield, MI → The post Holly Maurer- Corecap Investments Broker-Discloses Settlement of Several Customer Disputes-Southfield, MI appeared first on Rex Securities Law BLOG.
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Gary Lee Miller-Former LPL Financial Broker-Discloses Customer Dispute Involving Annuities- Eau Claire, WI
Rex Securities Law- Stockbroker Malpractice Attorney. Nationwide representation. October 2018 – Eau Claire, WI According to publicly available records Gary Lee Miller (CRD#2669776) , a former stockbroker who was last employed by LPL Financial , disclose a settled customer dispute. The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes … Continue reading Gary Lee Miller-Former LPL Financial Broker-Discloses Customer Dispute Involving Annuities- Eau Claire, WI → The post Gary Lee Miller-Former LPL Financial Broker-Discloses Customer Dispute Involving Annuities- Eau Claire, WI appeared first on Rex Securities Law BLOG.
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Texas Couple Indicted for Allegedly Embezzling $14.5M from Retirement Funds
In Texas, a federal grand jury has indicted a couple accused of embezzling $14.5M dollars from the retirement plans that they oversaw. Wendy Richie and Jeffrey Richie co-own Vantage Benefits Administrator, which acted as a third party administrator for many retirement funds, including 401(K) plans. According to the US Attorney’s Office for the Northern District of Texas, the couple misappropriated money from “at least 1,000 plan participants in at least 20 employer retirement plans.” The indictment against the couple alleges that Wendy Richie: • Posed as a number of different beneficiaries. • Turned in fraudulent distribution requests to Matrix Trust Co., which is a retirement fund custodian, while pretending to be those beneficiaries. • Rather than transferring the funds into the beneficiaries’ accounts, deposited the money into Vantage’s operations account. Wendy and Jeffrey then allegedly used the money for the…
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Charles Bloom- Former Chelsea Financial Services Broker-Barred From Securities Industry- Royal Palm Beach, FL
Rex Securities Law- Stockbroker Malpractice Attorney. Nationwide representation. October 2018- Royal Palm Beach, FL Publicly available records disclose that Charles Lewis Bloom, a former stockbroker who was previously employed by Chelsea Financial Services, discloses 3 regulatory events and a currently pending customer dispute, a prior customer dispute and a termination from employment. The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates … Continue reading Charles Bloom- Former Chelsea Financial Services Broker-Barred From Securities Industry- Royal Palm Beach, FL → The post Charles Bloom- Former Chelsea Financial Services Broker-Barred From Securities Industry- Royal Palm Beach, FL appeared first on Rex Securities Law BLOG.
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Tamara Steele- Former Comprehensive Asset Management and Servicing Broker-Named in SEC Suit Over Behavioral Recognition Systems-Pendleton, Indiana
Rex Securities Law- Stockbroker Malpractice Attorney. Nationwide representation. October 2018- Pendleton, Indiana According to publicly available records Tamara R. Steele (CRD#3227494) , a stockbroker who was last registered with Comprehensive Asset Management and Servicing (CAMAS) a/k/a Aurora Private Wealth or APW Capital, Inc. disclose a pending SEC action, 7 pending customer disputes, 2 final customer disputes and a termination from employment. The Financial Industry Regulatory Authority … Continue reading Tamara Steele- Former Comprehensive Asset Management and Servicing Broker-Named in SEC Suit Over Behavioral Recognition Systems-Pendleton, Indiana → The post Tamara Steele- Former Comprehensive Asset Management and Servicing Broker-Named in SEC Suit Over Behavioral Recognition Systems-Pendleton, Indiana appeared first on Rex Securities Law BLOG.
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How to Recover Losses on Behavioral Recognition Systems (BRS Labs) now known as Giant Gray-Houston, TX
Rex Securities Law- Stockbroker Malpractice Attorney. Nationwide representation. October 2018- The SEC has charged Houston based Behavioral Recognition Systems (now known as Giant Gray) and its CEO Ray C. Davis with soliciting over $28 million from investors and then diverting nearly $8 million for the former CEO’s personal benefit. Investors were led to believe that their funds would be used only for working … Continue reading How to Recover Losses on Behavioral Recognition Systems (BRS Labs) now known as Giant Gray-Houston, TX → The post How to Recover Losses on Behavioral Recognition Systems (BRS Labs) now known as Giant Gray-Houston, TX appeared first on Rex Securities Law BLOG.
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J. Gordon Cloutier, Jr.-Former Wells Fargo Broker-Barred From Securities Industry-Frisco, TX
Rex Securities Law- Stockbroker Malpractice Attorney. Nationwide representation. October 2018-Frisco, Texas According to publicly available records J. Gordon Cloutier, Jr. , a former stockbroker who was last registered with Wells Fargo Advisors disclose two regulatory events, a prior customer dispute and a termination from employment. The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage … Continue reading J. Gordon Cloutier, Jr.-Former Wells Fargo Broker-Barred From Securities Industry-Frisco, TX → The post J. Gordon Cloutier, Jr.-Former Wells Fargo Broker-Barred From Securities Industry-Frisco, TX appeared first on Rex Securities Law BLOG.
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Securities Industry Commentator by Bill Singer Esq
Chinese Intelligence Officers and Their Recruited Hackers and Insiders Conspired to Steal Sensitive Commercial Aviation and Technological Data for Years (DOJ Release)https://www.justice.gov/usao-sdca/pr/chinese-intelligence-officers-and-their-recruited-hackers-and-insiders-conspired-stealIn an Indictment filed in the United States District Court for the Southern District of California, alleged Chinese intelligence officers Zha Rong and Chai Meng and other co-conspirators worked for the Jiangsu Province Ministry of State Securitiey ("JSSD"), which is a provincial foreign intelligence arm of the Peoples Republic of Chinas Ministry of State Security (MSS). The Indictment alleges that from at least January 2010 to May 2015, JSSD intelligence officers and their team of hackers, including&...
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Ameriprise Wins Epic Battle With Advisor Who Pled Guilty In Criminal Case
In today's BrokeAndBroker.com Blog, we literally got it all. We have a fraudulent real estate company that apparently crashed and burned. We got a brother touting that company as an investment to his sister, a financial advisor, who, in turn, apparently touted it to her customers and her father, who lost a bundle. We got a criminal prosecution. We got a FINRA arbitration. We start off with a lawsuit in state court but wind up in federal court, and from there in federal appeals court. We got all sorts of allegations and defenses about prosecutorial misconduct and failure to supervise and statutes of limitations. It's exhausting to read through it all. It was equally exhausting to research the facts and write it up. I would suggest you get a strong, black cup of coffee before you start rea...
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M&A Leaks Report: Loose Lips Cash In Lots More Chips
Intralinks’ recently released its annual “M&A Leaks Report.” Once again, the report makes for interesting reading – it analyzes deal leaks over the period from 2009-2017, and breaks them down by world region, country & business sector. The report also looks into the effect of leaks on the premiums paid, emergence of rival bidders & […]
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Microcaps: A 62-Page “Lay of the Land”
This unique 62-page study from the IRRCi & Annalisa Barrett examines governance practices at 160 companies with less than $300 million in market cap (that works out to about 10% of all microcaps). Here’s some interesting takeaways (also see this survey of 2017’s “Micro IPOs”): – 73% are listed on Nasdaq, 19% on the NYSE American, and 8% on the NYSE – 32% of the studied companies have been public for 10-20 years – and only 6% were founded in the last 5 years And here’s how the microcaps compare to Russell 3000 companies on some governance “hot topics”: – 93% have a one-share, one-vote structure – Director tenure & age is comparable, but boards tend to be smaller (7 directors on average, versus 9) – and less diverse (61% are all-male) – 62% separate the Chair/CEO roles (comparable to the Russell 3000) – but among companies that combine the role, 70% lack a lead independent director…
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