Meyer Wilson is investigating claims that Ohio-based financial adviser William LeBoeuf improperly participated in the sale of private placements to clients of his then-employers, Merrill (formerly Merrill Lynch) and Cetera Advisor Networks.
Last week, LeBoeuf received a one-year suspension based on FINRA’s finding that he improperly participated in the sale of private investments in a real estate investment fund and a software company. FINRA also found that LeBouef failed to fully explain the illiquidity and risks of some investments to potential investors. Cetera has terminated LeBoeuf.
Private placements are securities sold in a non-public offering. These investments are generally illiquid, meaning that they can’t be easily bought and sold—they are highly risky. If you suffered losses as a result of LeBoeuf’s investment advice, we are interested in hearing from you.
If you feel LeBoeuf recommended unsuitable private placements to you, contact us today for a free consultation to discuss your legal options. Meyer Wilson sees these types of claims often, and we offer a completely free, no-pressure consultation so that you can learn about your rights to recovery after securities fraud, stockbroker misconduct, or investment fraud. All of our cases are handled on a contingency fee basis, so we don’t get paid for our work unless we’re successful in recovering lost funds.