In the Commonwealth of Massachusetts v. Securities America Inc, the United States is seeing the first instance of a state regulator bringing an enforcement case against a company over private placement deals. The allegations contained in the initial complaint are partially based on the claim that Securities America failed to follow through with proper due diligence.
Posts Tagged ‘Proper Due Diligence’
Due Diligence on Medical Capital Notes at Issue in Massachusetts Case Against Securities America
January 28th, 2010 
Before You Invest 
Posted in Finance Fraud 
Tags: Allegations, America United, Capital Investment, Commonwealth Of Massachusetts, Commonwealth Securities, Current, First Instance, Incontrovertible Evidence, Initial Complaint, Investors, Massachusetts Case, Medical Capital, Offerings, Private Placement, Proper Due Diligence, Repercussions, Securities America Inc, State Regulator, State Regulators, United States 
Comments OffMedical Capital Investigation
August 24th, 2009 Before You Invest Aidikoff, Uhl & Bakhtiari (www.securitiesarbitration.com) announces an investigation of Medical Capital on behalf of investors in Medical Capital securities. The law firm has been contacted by investors and ispreparing to file FINRA arbitration claims against broker dealers andpossibly investment advisors firms for losses incurred based on therecommendation to buy Medical Capital securities.The individual brokers and individual advisors who sold Medical Capitalare not targets of investor claims.Medical Capital Corporation and Medical Provider Funding Corporation VIraised more than $2.2 billion through the offering of notes in MedicalProvider Funding Corp VI and earlier special purpose entity offerings.On August 3, 2009 the Securities and Exchange Commission (SEC) soughtemergency relief.
Posted in Finance Fraud Tags: Administrative Fees, American Portfolio, Arbitration Claims, Bakhtiari, Broker Dealers, Brokerage Firms, Capital Securities, Institutional Investors, Investment Advisors, Litigation Matters, Medical Capital Corporation, Medical Provider, Misappropriation, National Securities, Proper Due Diligence, Securities America, Securities And Exchange Commission, Securities Arbitration, Special Purpose Entity, Thesale, Uhl No Comments »B of A Sued Over Merrill Lynch Purchase
February 5th, 2009 Before You Invest Bank of America Corp., the largest U.S. lender by assets, was sued last week by investors who claim they were misled in a deal to buy Merrill Lynch & Co., the New York Times reported.Shareholders allege Bank of America Chief Executive Officer Kenneth D. Lewis, Chief Financial Officer Joe L.
Posted in Finance Fraud Tags: Bank Of America, Bank Of America Corp, Bofa, Ceo John, Chief Executive Officer, Chief Financial Officer, Court Documents, Fairness, Financial Health, John Thain, Kenneth D Lewis, Merger, Merrill Lynch, Merrill Lynch Co, Misleading Statements, New York Times, Officer Joe, Proper Due Diligence, Shareholders, Stock Swap No Comments »
