If you invested in Bloom Energy or another private offering from Advanced
Equities, you may be concerned about the recent allegations of wrongdoing
against the company. You are probably in search of answers about what
to do next—especially if you have sustained investment losses.
What Should I Know About the Alleged Advanced Equities Scam?
Last year, Chicago-based Advanced Equities, Inc. faced investment misconduct
charges from the Securities and Exchange Commission (SEC) in relation
to its private equity offering in an alternative energy company. According
to the SEC, registered broker-dealer Dwight O. Badger made false and misleading
statements to investors and other brokers about their Bloom Energy offering,
essentially lying about the company’s finances.
Co-founder Keith G. Daubenspeck, who was also reported to be the board
chairman for Advanced Equities’ parent company, was accused of failing
to adequately supervise Badger because the SEC alleged that he was aware
of the misleading statements and failed to take corrective action. The
company ultimately settled the charges with the SEC, and it was later
rumored that Advanced Equities’ broker-dealer operations would be
How Can Investors Get Help with Potential Claims Against Advanced Equities?
If you fear you’ve suffered losses due to
investment misconduct, don’t wait until it’s too late to get help. Investors concerned
about investments from Advanced Equities or Bloom Energy are strongly
encouraged to reach out to Meyer Wilson today to learn more. Our investment
fraud attorneys would be happy to review your case and answer your questions
in a completely free and confidential legal consultation today. We have
over 50 years of collective experience representing harmed investors across
the nation in stockbroker mediation, arbitration, and litigation, and
we look forward to working with you to recover your losses.