Category Archives: Securities & Exchange Commission (SEC)

Rhino Capital Group Investment Losses? How to Recover Damages.

November 2018

We are investigating options for recovery of damages for investors who may have suffered losses on the following :

  • Global Credit Recovery
  • Delmarva Capital
  • DeVille Asset Management
  • Rhino Capital Holdings
  • Rhino Capital Group
  • Riverwalk Financial Corp.

The U. S. Securities & Exchange Commission has charged the following individuals with operating a Ponzi scheme that raised over $345 million from investors who believed they were investing in a business that collected and resold consumer debt:

  • Kevin B. Merrill                              Towson Maryland
  • Jay B. Ledford       Westlake, TX & Las Vegas, NV
  • Cameron R. Jezierski                      Fort Worth, TX

According to the SEC complaint, the more than 230 investor/victims include small business owners, restaurateurs, construction contractors, retirees, doctors, lawyers, accountants, bankers, talent agents, athletes and financial advisors.

Instead of using the investor funds as promised, the individual defendants stole much of it and used it to fund their lavish lifestyles which included:

  • A Ferrari costing $368,000
  • A seven carat diamond ring costing $330,000
  • $13 million paid to casinos
  • $10 million on high end cars (Bugatti, Rolls Royce, Lamborghini and others)
  • A private jet costing $500,000

If you are a victim of this fraud, contact us for a no charge consultation to learn how you may be able to recover damages for your losses.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Wesley Perkins-World Tree Financial-Charged With Cherry-Picking Trades-Lafayette, LA

October 2018- Lafayette, LA

The FINRA records of  Wesley Kyle Perkins ,  a  former stock broker who is not currently registered and who was last employed by Purshe Kaplan Sterling Investments  disclose  that he is currently named in an civil action filed by regulators alleging ‘cherry picking’ and is the subject of one pending and 4 prior customer disputes

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In September 2018, the U.S. Securities and Exchange Commission (SEC) filed an action alleging that Wesley K. Perkins and his company World Tree Financial LLC operated a cherry picking scheme that defrauded World Tree Clients. According to the complaint, for 4 years Perkins reaped substantial profits at his client’s expense by cherry-picking trades, allocating favorable trades to favored accounts, including his own, and unprofitable trades to other accounts.

The SEC is seeking an injunction, disgorgement of illicit profits and civil penalties.

In a civil action pending in Lafayette Parish, customers of Perkins are seeking damages of $1.1 million for the mismanagement of their accounts.

Wesley Perkins was employed by Purshe Kaplan Sterling Investments from 12/2009-8/2018.

If you have losses in an account handled by Wesley Perkins  call for a no charge consultation to learn about your options for recovery of damages.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Tamara Steele- Former Comprehensive Asset Management and Servicing Broker-Named in SEC Suit Over Behavioral Recognition Systems-Pendleton, Indiana

October 2018- Pendleton, Indiana

According to publicly available records Tamara R. Steele   (CRD#3227494) ,  a  stockbroker who was last registered with Comprehensive Asset Management and Servicing (CAMAS)  a/k/a Aurora Private Wealth or APW Capital, Inc.  disclose a pending SEC action, 7 pending customer disputes, 2 final customer disputes and a termination from employment.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In September 2018 the United States Securities and Exchange Commission (SEC)  filed an action against Tamara Steele and her solely owned corporation, Steele Financial alleging 12/ 2012 -10/2016, Steele and Steele Financial, both Indiana based investment advisors, fraudulently recommended and sold to their advisory clients over $13 million in extremely risky securities issued by a private company, Behavioral Recognition Systems (BRS).  In violation of their fiduciary duties of loyalty of good faith, the SEC alleges that they failed to disclose to their clients that BRS had agreed to pay them  commissions ranging from 8% to 18% of the funds raised for BRS.  BRS Labs later became Giant Gray.  By this fraud, Steele and Steele Financial profited at the expense of their clients.   The SEC seeks disgorgement, penalties and an injunction.

Several customers have settled cases with Steele’s firm over the BRS investment.

In March 2018, May  2018 and in June 2018, customers with APW Capital, Inc.( aka Aurora Private Wealth and formerly known as Comprehensive Asset Management and and Servicing (CAMAS),  filed customer disputes against Steele alleging “outside business activities, selling away and private securities transactions, unsuitable investments, negligent account management, violation of the Indiana Securities Act, Violation of Registered Investment Advisor Section of Indiana Securities Act, Sale of unregistered and non-exempt securities, breach of fiduciary duty, violations of FINRA conduct rules and NYSE Board Rules”.   Alleging damages of $124,757.53, $500,000 and $200,000 respectively,  these three cases are all still pending.

In June of 2017,  Tamara Steele was discharged from her position with Comprehensive Asset Management and Servicing (CAMAS).   According to allegations on her FINRA record “Through a phone call to  CAMAS by her attorney, Ms. Steele self-reported having participated in private securities transactions for multiple clients without prior notice and approval from CAMAS.  Our internal review confirmed the facts of Ms. Steele’s self-report.”

Tamara Steele was employed with Comprehensive Asset Management and Servicing, Inc.  from January 2009 until July 2017. She is not currently registered with any broker dealer.

If you have questions about an investment account handled by Tamara Steele, contact us for a no charge consultation to learn about your legal options.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870