The Securities and Exchange Commission has sued an equipment leasing company, Essex Capital Corporation, and its principal for fraud in connection with their sale of over $80 million in promissory notes. Per the SEC’s complaint, between 2014 and 2017, Essex Capital Corporation and its founder, Ralph T. Iannelli, issued numerous false statements and illusory personal guarantees...Read More

Investors in Summit Healthcare REIT (“Summit”), a non-traded real estate investment trust (Non-traded REIT), may have claims to recover their investment losses against their broker or financial advisor who recommended its purchase. Summit, based in Lake Forest, California, invests in a diversified, income-producing portfolio of assets in the healthcare sector, focusing its investments on operators of senior housing facilities in the United...Read More

The Law Firm of David Chase, representing investors throughout the country in cases to recover stock market and investment losses, is reviewing allegations concerning former NYLIFE Securities LLC broker Alan New, after three customers alleged he sold them unregistered and fraudulent investments, per FINRA’s BrokerCheck Report. Alan New is no longer registered as a securities...Read More

The Law Firm of David R. Chase, representing defrauded stock market investors throughout the nation, is examining multiple customer allegations of serious misconduct regarding former J.P. Morgan Securities stockbroker Rick Konecny. In March 2016, a client of Rick Konecny alleged that he overconcentrated her investments, through unsuitable and unauthorized trades, in several energy and natural...Read More

The Law Firm of David Chase, representing defrauded stock market investors throughout the country, is investigating the Form U-5 statements made by ProEquities, the former employing brokerage firm of stockbroker Michael Patrick McTigue, concerning the circumstances surrounding McTigue’s voluntary resignation from the firm. ProEquities indicated that it had discovered “issues” during a branch inspection of...Read More

The Law Firm of David Chase, representing defrauded stock market investors nationwide, is reviewing allegations concerning former LPL Financial LLC stockbroker Thomas Breslin Jr. after he was discharged by LPL Financial for directing clients to an unapproved investment in violation of firm policy. The law firm is also reviewing allegations made by the Financial Industry...Read More

The Law Firm of David Chase, representing defrauded stock market investors nationwide, is reviewing allegations concerning former United Planner’s Financial Services of America stockbroker Jerry Lou Guttman after he was sanctioned by the Financial Industry Regulatory Authority, FINRA, and permanently barred from the securities industry. In or about November 2017, Jerry Lou Guttman consented, without...Read More

The Law Firm of David Chase, representing defrauded stock market investors nationwide, is reviewing allegations concerning former LPL Financial LLC stockbroker Terrence Diehl after he was discharged by LPL Financial for participating in private securities transactions without approval in violation of firm policy. The law firm is also reviewing allegations made by the Financial Industry...Read More

The Law Firm of David Chase is reviewing a customer’s arbitration allegations of an unsuitable overconcentration in energy sector limited partnership investments made against Norwell, Massachusetts based RBC Capital Markets broker Bruce T. Cameron.  The customer’s FINRA arbitration case resulted in an award of damages of $688,079.00. Overconcentration is a form of an unsuitable investment...Read More

The Law Firm of David Chase, headed by stock broker fraud attorney David Chase, is reviewing allegations of serious stock broker misconduct made by multiple former customers of Charlotte, North Caroline-based Northwest Mutual Investment Services broker Sampson Pearson. Many of the customer complaints, some of which have now been paid out and settled, claim that...Read More