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Current Investigations

FINRA Reportedly Bars Steven Luftschein (Steven Lerner) after Allegations of Churning & Unauthorized Trades, featured by top securities fraud attorneys, The White Law Group

Blog, Current Investigations

January 14, 2021

FINRA Reportedly Bars Steven Luftschein after Allegations

Former Aegis Advisor Steven Luftschein (Steven Lerner) Reportedly Barred from Securities Industry According to the Financial Industry...

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Former LPL Advisor Michael Tavel Suspended from Securities Industry, featured by top securities fraud attorneys, The White Law Group

Blog, Current Investigations

January 13, 2021

Former LPL Advisor Michael Tavel Suspended from Securities Industry

FINRA Fines and Suspends Michael Tavel after Allegations of Selling Away According to a Letter of Acceptance, Waiver and Consent (AWC) on...

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SEC Reportedly Charges MG Capital with Investment Fraud SEC Reportedly Charges Real Estate Fund Manager With $7 Million Fraud Scheme The Securities and Exchange Commission reportedly charged a fund manager and his company MG Capital Management L.P. with defrauding retail investors in two real estate funds managed by MG Capital, according to a press announcement today. Beginning in 2014, the fund manager - a licensed real estate broker with no investment management experience - and MG Capital purportedly solicited investments in two real estate funds, MG Capital Management Residential Funds III and IV, raising a total of $58 million primarily on the strength of an alleged fabricated investment track record, according to the SEC’s complaint. The SEC alleges that in marketing Funds III and IV, the individual and MG Capital falsely claimed that they had previously managed “two highly-successful real estate funds with a combined portfolio value of $1.18 billion that had significantly outperformed the S&P 500 Index over a 10-year period” but those prior funds never existed. MG Capital and the fund manager allegedly made numerous other misrepresentations in their marketing materials and offering documents, including claiming that investors’ capital was “100 percent protected from loss” and secured by a non-existent $250 million balance sheet and that they had partnerships with hundreds of prospective tenants with pre-signed, multi-year lease agreements. The SEC also alleged that MG Capital and the fund manager misappropriated more than $7 million in investor assets while using fake financial reports to hide “huge losses that ultimately forced the two funds into wind-down”. The foregoing information, which is all publicly available, is being provided by The White Law Group. If you are concerned about investments, and need to speak to a securities attorney, The White Law Group may be able to help you. For a free consultation, please call (888) 637-5510. The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois. For more information, please visit our website, www.whitesecuritieslaw.com. MG Capital Management Residential Funds III losses, MG Capital Management Residential Funds III lawsuits, MG Capital Management Residential Funds III investigation, MG Capital Management Residential Funds III complaints, MG Capital Management Residential Funds III fraud, MG Capital SEC charges, featured by top securities fraud attorneys, The White Law Group

Blog, Current Investigations

January 12, 2021

SEC Reportedly Charges MG Capital with Investment Fraud

SEC Reportedly Charges Real Estate Fund Manager With $7 Million Fraud Scheme The Securities and Exchange Commission reportedly charged a...

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SEC Bars Former LPL Broker Kerry Hoffman for Allegedly Fraudulent Investments, featured by top securities fraud attorneys, The White Law Group

Blog, Current Investigations

January 12, 2021

SEC Bars Former LPL Broker Kerry Hoffman

LPL Broker Kerry Hoffman Barred from the Securities Industry According to an administrative order this week, the SEC has reportedly barred...

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VALIC Financial Advisors to pay $350,000 for Supervisory Failures, featured by top securities fraud attorneys, The White Law Group

Blog, Current Investigations

January 12, 2021

VALIC Financial Advisors to pay $350,000 for Supervisory Failures

VALIC Financial Advisors has agreed to Sanctions for Failure to Supervise VA Exchanges The White Law Group is investigating potential...

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Former Ameriprise Advisor Angel Bardeche suspended from Securities Industry

Blog, Current Investigations

January 11, 2021

Angel Bardeche Suspended from Securities Industry

FINRA Fines and Suspends Angel Bardeche after Allegations of Unsuitable Mutual Fund Switches According to a Letter of Acceptance, Waiver...

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