Promissory Notes

Daniel Bogar, Bernerd E. Young and Jason T. Green – Florida Promissory Note Fraud and Misrepresentation FINRA Arbitration and Litigation Attorney

Published on: September 28, 2012 | By Russell L. Forkey, P.A.

In The Matter Of Daniel Bogar, Bernerd E. Young, and Jason T. Green

September, 2012:

The Securities and Exchange Commission recently announced the issuance of an Order Instituting Administrative Proceedings Pursuant to Section 8A of the Securities Act of 1933, Sections 15(b) and 21C of the Securities Exchange Act of 1934, Sections 203(f) and 203(k) of the Investment Advisers Act of 1940, and Section 9(b) of the Investment Company Act of 1940 against three former executives of Stanford Group Company (SGC), a dually registered U.S. broker-dealer and investment adviser owned by Robert Allen Stanford (Allen Stanford). The Order alleges that these former SGC executives defrauded investors of certificates of deposit (CDs) issued by an affiliated Antiguan bank, Stanford International Bank (SIB). The Division of Enforcement alleges that SGC marketed and sold SIB CDs to U.S. investors as safe and secure based on the purported liquid and diversified composition of SIB’s investment portfolio. However, SIB repeatedly refused to reveal – even to its own affiliate, SGC – the contents of its portfolio. SGC also marketed and sold SIB CDs as “insured” even though the only backing they possessed was the full faith and credit of Allen Stanford. Further, SGC failed to disclose the significant conflicts of interest created by SGC’s overall reliance on cash infusions by SIB and by SGC’s CD-centric compensation program.

Bridge Premium Finance LLC., Michael Turnock and William Sullivan – Central Florida Promissory Note Ponzi Scheme Investment Fraud Attorney

Published on: August 15, 2012 | By Russell L. Forkey, P.A.

SEC Halts Denver-Based Ponzi Scheme

August, 2012:

The Securities and Exchange Commission recently announced fraud charges and an emergency asset freeze against a Denver-based company and two Colorado residents carrying out a $15.7 million Ponzi scheme harming more than 120 investors nationwide.

Peer-to-Peer Lending – Florida Breach of Fiduciary Duty and Negligent Supervision FINRA Arbitration and Litigation Attorney

Published on: December 21, 2010 | By Russell L. Forkey, P.A.

South Florida Peer-to-Peer Lending Litigation and Arbitration Attorney:

Peer-to-Peer lending has come under the scrutiny of state regulators as it gains in popularity. State securities regulators are warning investors to be careful of peer-to-peer lending over the Internet, a trend they say is on the rise as conventional loans have become scarcer and more costly.

As indicated in the first blog that was filed on this site, it is amazing what may constitute a security. Therefore, it is not surprise that the National American Securities Administrators Association Inc. has issued an alert advising investors about the risks of online loan “matchmaking,” also called social lending or P2P.