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 shutting down.
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.