A broker whose employment record is littered with customer complaints over variable annuities is now the focus of investor lawsuits over highly illiquid and risky private-placement investments. The broker, Bambi Holzer, has 42 settled customer disputes, according to information posted by the Financial Industry Regulatory Authority Inc.
Posts Tagged ‘Private Placements’
Wedbush Morgan broker Bambi Holzer’s Sale of Private Placements Including Provident Royalties Comes Under Fire
May 27th, 2010 
Before You Invest 
Posted in Finance Fraud 
Tags: Bambi Holzer, Broker Dealer, Broker Dealers, Customer Complaints, Customer Disputes, Employment Record, Financial Industry Regulatory Authority, Management Llc, Ponzi Scheme, Private Placement Investments, Private Placements, Private Securities, Provident, Registered Rep, Royalties, Securities And Exchange Commission, Sequoia Equities, Variable Annuities, Wedbush Morgan Securities, Wedbush Morgan Securities Inc 
Comments OffMore Brokerages Subpoenaed Over Medical Capital and Provident Blow Up
March 22nd, 2010 Before You Invest According to an article posted by InvestmentNews, securities regulators are seeking information from six brokerage firms concerning the sales of two private placements that blew up last summer. The Massachusetts Securities Division is requesting information on due-diligence efforts, suitability data and promotional materials related to the sale of private placements marketed by Medical Capital Holdings Inc.
Posted in Finance Fraud Tags: Billions, Blow Up, Brokerage Firms, Brokerages, Due Diligence, Independent Broker Dealers, Lawsuit Alleging That, Mark Goldwasser, Medical Capital, National Securities, Private Placements, Promissory Notes, Promotional Materials, Provident, Regulators, Royalities, Scrutiny, Securities America Inc, Subpoena, Suitability Comments OffFINRA Fines Pacific Cornerstone Capital, CEO $750,000
January 6th, 2010 Before You Invest The Financial Industry Regulatory Authority (FINRA) announced today that it has fined Pacific Cornerstone Capital, Inc. of Irvine, CA, and its former chief executive officer, Terry Roussel, a total of $750,000 for failing to include full and complete information in private placement offering documents and marketing material.
Posted in Finance Fraud Tags: Affiliated Companies, Business Days, Chief Executive Officer, Cornerstone Capital Inc, Disclosures, Executive Vice, Financial Industry Regulatory Authority, Finra, Investment Decisions, Irvine Ca, Merrill, Principal Investment, Private Placement Offering, Private Placements, Rate Of Return, Return Of Capital, Roussel, Sales Literature, Three Months, Time Period No Comments »Notice to Striker Petroleum Investors – Aidikoff, Uhl & Bakhtiari Files FINRA Arbitration Claims on Behalf of Defrauded Investors
December 11th, 2009 Before You Invest Aidikoff, Uhl & Bakhtiari (www.securitiesarbitration.com) announces the filing of FINRA arbitration claims against brokerage firms that sold Striker Petroleum and other private placements to investors. Striker Petroleum raised approximately $57 million from September 2006 through September 2008 from the sale of debentures collateralized through oil and gas properties to approximately hundreds of investors nationwide.“Investors should be aware that a federal court issued permanent injunctions at the request of the SEC against Striker Petroleum and its principals due to allegations of fraudulent debenture offerings,” said attorney David Harrison.
Posted in Finance Fraud Tags: Allegations, Arbitration Claims, Assets, Bakhtiari, Brokerage Firms, David Harrison, Debenture, Debentures, Injunctions, Investor Claims, Marshal, Material Misrepresentations, Offerings, Oil And Gas, Permanent Injunction, Petroleum, Preservation Of Capital, Principals, Private Placements, Proceeds No Comments »Inland Western Retail Real Estate
December 2nd, 2009 Before You Invest A week after the first sale of commercial-mortgage-backed securities in more than a year, another deal is about to hit the market in the latest sign that capital markets are easing for corporate borrowers like real-estate investment trusts.Inland Western Retail Real Estate Trust Inc., which owns some 300 retail properties nationwide, closed on Tuesday on $625 million in new financing from J.
Posted in Finance Fraud Tags: Capital Markets, Commercial Mortgage Backed Securities, Corporate Borrowers, Debt Markets, Insurance Companies, J P Morgan, J P Morgan Chase, J P Morgan Chase Co, Mortgage Backed Securities, Pension Funds, Private Placements, Private Real Estate, Real Estate Investment, Real Estate Trust, Reit, Retail Properties, Retail Real Estate, Securities And Exchange Commission, Selling Shares, Trust Inc 1 Comment »Others Sued In Medical Capital Blowup
September 17th, 2009 Before You Invest The two trustees of Medical Capital Holdings Inc.’s private placements, Wells Fargo & Co. and The Bank of New York Mellon Corp., have been sued by investors seeking class action status. This suit is the latest unwelcome news for Medical Capital investors and the financial-services companies that did business with the firm: In July, the Securities and Exchange Commission charged Medical Capital, which had raised $2.2 billion in private placements from investors since 2003, with fraud.
Posted in Finance Fraud Tags: Account Receivables, Arbitration Claims, Bank Of New York Mellon, Bank Of New York Mellon Corp, Capital Investors, Financial Industry Regulatory Authority, Financing Company, Foot Yacht, Health Care Providers, Independent Broker Dealers, Lawsuit Alleges That, Medical Capital, Medical Receivables, Piggy Banks, Private Placements, Receivables Financing, Securities And Exchange Commission, Substantial Fees, Wells Fargo, Wells Fargo Co No Comments »
