Tag Archives: Investigates

Zamansky & Associates LLC Investigates Sales of Private Investments By 1st Allied Securities

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New York, NY (PRWEB) July 02, 2013

Zamansky &amp Associates LLC announces that it is investigating allegations of private investment sales by First Allied Securities Inc. and its economic advisors of venture capital interested provided by Sophisticated Equities Inc. (Sophisticated Equities), the Chicago, Illinois-primarily based brokerage firm. The investigation involves sales of private investments in various restricted liability companies to invest in green technologies businesses including AEI Fisker, AEI Bloom, AEI Venture and other LLCs.

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On September 18, 2012, the U.S. Securities and Exchange Commission (“SEC”) instituted an Administrative and Cease and Desist Proceeding against Advanced Equities and two of its principals. The case is In the Matter of Advanced Equities, Inc., Dwight O. Badger and Keith G. Daubenspeck, File No. 3-15031. The SEC alleges that Sophisticated Equities made misstatements to investors, and that there was a failure to supervise sales of private investments in non-public organizations.

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The investigation concerns Initial Allied Securities alleged sale and solicitation of AEI funds and LLCs to investors. Private investments in non-public businesses are very risky, and generally offer only restricted information to investors, according to stock fraud attorney Jake Zamansky. Brokerage firms that sell these securities owe duties to make positive that the private investments are suitable for their clients, and that the investors receive disclosure of material risks, he states. If you bought 1 of these AEI funds or LLCs, you should contemplate obtaining it reviewed by a expert for suitability, Zamansky states.

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What Investors Can Do

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If you had been an investor in any private investment sold by Initial Allied Securities, and would like to go over your legal rights, you might, with no obligation or price to you, e-mail jake(at)zamansky(dot)com or contact the law firm at (212) 742-1414.

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About Zamansky &amp Associates LLC

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Zamansky &amp Associates LLC is one of the major law firms specializing in securities fraud and economic solutions arbitration and class action litigation. We represent each person and institutional investors. Our practice is nationally recognized for our potential to aggressively prosecute instances and recover losses.

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To discover a lot more about Zamansky, please check out our site, http://www.zamansky.com.

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Contacts

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Zamansky &amp Associates, LLC&#13

50 Broadway – 32nd Floor&#13

New York, NY 10004&#13

Jake Zamansky, 212-742-1414&#13

jake(at)zamansky(dot)com

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Kramer and Kaslow: California Investigates Florida Firm that Processes Foreclosures for Major Banks

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Calabasas, CA (PRWEB) June 16, 2011

Lead attorney at the Law Offices of Kramer and Kaslow, Philip Kramer, is weighing in on a recent Los Angeles Times report relating to the California attorney general’s investigation of foreclosure practices. The Los Angeles Times is reporting that state Atty. Gen. Kamala Harris subpoenas documents from Lender Processing Services Inc.

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The post says that, California Atty. Gen. Kamala D. Harris is investigating an obscure Florida firm that processes foreclosures for a lot of of the nation’s significant monetary institutions, as she intensifies her examination of repossession practices in the Golden State.

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According to the L.A Times, The state’s top law enforcement officer subpoenaed Lender Processing Services Inc. of Jacksonville, Fla., a organization that handles loans in default on behalf of numerous main banks. The subpoena calls for LPS to generate documents and offer written answers to queries from the attorney general’s office by June 24.

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“California homeowners have been exposed to fraud and crime at each and every step of the mortgage procedure,” Attorney Common Harris said in the LA Occasions article. “Justice demands we come to their help, and a key step in that is to investigate robo-signing and the prospective for inaccurate or unjust foreclosures.”

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In the article, Harris emphasized that California property owners could have fallen victim to robo-signers who didn’t confirm the accuracy of the documents they had been placing their names on and, in some situations, failed even to study the documents. Typically, folks signed thousands of times a day, she mentioned.

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In her statement, Harris warned that the dangers posed by robo-signing are “particularly unsafe” in non-judicial foreclosure states such as California, as there is no judicial oversight of the foreclosure approach.

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Philip A. Kramer, a California-based attorney whose consolidated plaintiff litigation lawsuits are difficult six of the nations major banks thinks Harris is on the appropriate track. As I have prosecuted hundreds of situations on behalf of my clients, robo-signing is a fraudulent bank practice that happens so typically that I have almost come to believe that a non-robo-signed bank document might be the exception rather than the rule.

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A lot more of Philip A. Kramers observations could be located at the Kramer and Kaslow blog.

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ABOUT PHILIP KRAMER&#13

PHILIP A. KRAMER is the senior companion of the Law Workplace of Kramer &amp Kaslow, in Calabasas, California. Kramer &amp Kaslow is Martindale Hubbell AV rated. Mr. Kramer is a perennial recipient of the prestigious Southern California Super Lawyer award.

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Mr. Kramer received his undergraduate degree from Ohio State University and his Juris Doctorate from the Catholic University of America, in Washington, DC. His practice emphasizes industrial litigation and trial advocacy, with a concentration on business litigation, and true property matters. He has prosecuted and defended circumstances for over twenty five years.

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Mr. Kramer is a licensed true estate broker and has spent considerable time providing legal services in connection with true estate problems relating to loan modification and loss mitigation, land use and zoning, environmental concerns, easements, building and improvement, finance, and landlord tenant matters.

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Mr. Kramer is admitted to practice ahead of all courts in the State of California, the United States Supreme Court and the United States Court of Military Appeals. Mr. Kramer has tried in excess of 200 instances. He has appeared on nationally televised programs regarding pre-trial procedure and trial technique and has appeared as a guest lecturer on subjects ranging from constitutional law to trial practice, and Mr. Kramer often lectures on a broad spectrum of various legal and business problems.

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Mr. Kramer also serves as a Judge Pro Tem for the Los Angeles Superior Court and as a Mediator.

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Mr. Kramer is also a past president of the Los Angeles West Inns of Court, a national organization committed to bringing professionalism and civility back into the legal profession. He also serves on many Boards of Directors and serves as an officer in several businesses. For a lot more info contact (818) 224-3900 or check out http://kramer-kaslow.com

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