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Written by 7:17 pm Blog, Current Investigations

IceWEB Inc. – Meyers Associates – Securities Fraud Investigation

IceWEB Inc.

Investigating Potential Claims – IceWEB Inc.

Have you suffered investment losses in IceWEB, Inc.? If so, the securities attorneys at The White Law Group may be able to help you to recover your losses through FINRA Arbitration.

FINRA operates the largest securities dispute resolution forum in the United States, and has extensive experience in providing a fair, efficient and effective venue to handle a securities-related dispute.

The White Law Group is investigating the liability that Meyers Associates LP may have for losses sustained in IceWEB inc. by their clients. IceWEB offers purpose-built appliances, network and cloud-based storage solutions and delivers online cloud computing application services.

According to reports, in February 2016, Financial Industry Regulatory Authority barred Chicago broker, George Johnson, for allegedly manipulating the stock price of IceWEB Inc. for personal gain. FINRA also sanctioned Johnson’s supervisor and another broker for facilitating the scheme.

The regulator accused former Meyers Associates LP broker George Johnson of manipulating the price of shares in IceWEB Inc. in order to trigger a private investment in public equity that would be handled by his firm, reaping him considerable fees.

Failure to Supervise

Brokerage firms are required to adequately supervise their agents to ensure they are complying with FINRA rules. If it is determined that the broker dealer failed to supervise their agents, they can be held responsible for losses in a FINRA arbitration claim.

Are you concerned about your investments such as IceWEB Inc., with Meyers Associates LP?  The attorneys at The White Law Group may be able to help you. For a free consultation with a securities attorney, please call (888) 637-5510.

The foregoing information, which is all publicly available on FINRA’s website, is being provided by The White Law Group. 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 and Franklin, Tennessee.

For more information on The White Law Group, please visit www.whitesecuritieslaw.com




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