This Blog is made available by Meyer Wilson, LPA to provide general information and a general understanding of issues relating to investment misconduct, not to provide specific legal advice. This Blog should not be used as a substitute for competent legal advice from a qualified attorney.
Regulators Continue to Crack Down on Broker-Dealers Who Offered Private Placements
Regulators continue to scrutinize the sales practices of broker-dealers related to private placement deals. Massachusetts securities regulators are at the forefront of these efforts and have now subpoenaed six broker-dealers over their roles in the sales and marketing of two private placements.
The subpoenas follow on the heels of the Massachusetts Securities Division's suit against Securities America related to its sale of Medical Capital notes which was filed in January of 2010.
Subpoenas were sent to QA3 Financial Corp., National Securities Corp., CapWest Securities Inc., Independent Financial Group LLC, Investors Capital Corp., and Centaurus Financial Inc. The Massachusetts Securities Division is investigating these firms' sales of Medical Capital and Provident Royalties private placements.
Post a comment
Post a Comment to "Regulators Continue to Crack Down on Broker-Dealers Who Offered Private Placements"
To reply to this message, enter your reply in the box labeled "Message", hit "Post Message."