Category Archives: American Investors Group

American Investors Group Fined By FINRA Over Church Bond Pricing

In March 2014, FINRA fined American Investors Group, Inc. of Minnetonka, Minnesota, $35,000 in connection with findings that the firm did not have adequate supervisory systems and procedures to ensure fair pricing of church bonds in the secondary market. FINRA found that with regard to church bonds traded in the secondary market, the firm did not conduct adequate ongoing due diligence.

Because the firm was the only participant in this secondary market, it set the prices at which it repurchased and resold church bonds as its own discretion and had no market price or other external reference upon which to rely.
The findings also stated that the firm published fliers and had a publicly available website in connection with the church bond sales and some of this information did not provide a fair and balanced presentation of the risks and rewards of the church bonds they promoted.
If you have questions about the way your brokerage account is being handled, call to speak with an experienced securities attorney to discuss your legal rights. No charge for initial consultation.

Rex Securities Law , located in Boca Raton, FL, provides representation to  investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Rex Securities Law

561 391 1900

Rex Investigates CIP Leveraged Fund Advisors, LLC

Cornerstone Ventures, Inc. is the managing partner of CIP Leveraged Fund Advisors, LLC. The firms that solicited sales of this investment, according to SEC records are:

Pacific Cornerstone Capital, Inc.
Investors Capital Corp.
Private Consulting Group, Inc.
Cullum & Burks Securities, Inc.
Sammons Securities Company, LLC
USAllianz Securities, Inc.
American Investors Company
Equity Services, Inc.
Sigma Financial Corporation
Intervest International Equities Corporation
Cascade Financial Management Inc.
Investment Management Corporation
Royal Securities Company
Financial West Group
RBC Dain Rauscher Inc.
Harvest Capital LLC
Northland Securities, Inc.
Ameritas Investment Corp.
Advisory Group Equity Services, Ltd.
Capital Financial Services, Inc.

It may be possible that other firms not included in the list sold this
investment whose performance was tied to the performance of three other Cornerstone funds:

  • Cornerstone Healthcare Plus REIT (CHP)
  • Cornerstone Healthcare Real Estate Funds (CHREF)
  • Meadowbrook Healthcare Properties (MHP)

The company recently reported that CLFA units have no value, only slim hopes for the future. In February 2010, Pacific Cornerstone Capital Inc. and its former CEO Terry Roussel were fined a total of $750,000 for failing to include full and complete information in private placement offerings of CIP Leveraged Fund Advisors, LLC. Investors were promised 18% rate of return and maturity of the investment in two to four years. Roussel was also suspended.

Rex Securities Law , located in Boca Raton, FL, provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Rex Securities Law

561 391 1900