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Rex Securities Law-BLOG

Nationwide representation of victims of stockbroker fraud and the malpractice of investment professionals.

Rex Investigates Lyon Capital Management Ltd. Losses

Rex Investigates Lyon Capital Management Ltd. Losses 150 150 Robert H. Rex

In February 2011 Massachusetts securities regulator William Galvin subpoenaed Bank of America in a case involving local investors who lost $150 million in two collateralized loan obligations. Bank of America…

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Rex Securities Law Investigates Inland American REIT

Rex Securities Law Investigates Inland American REIT 150 150 Rex Securities Law

Have you or your loved ones suffered losses as a result of purchasing INLAND AMERICAN REIT ? In a December 2011 the company estimated the value of shares to be $7.22.…

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Rex Investigates Inland Western Retail Real Estate Trust (Now known as Retail Properties of America)

Rex Investigates Inland Western Retail Real Estate Trust (Now known as Retail Properties of America) 150 150 Rex Securities Law

NOTE NAME CHANGE: On March 9, 2012, in what is likely a damage control move, Inland Western changed its name to Retail Properties of America. Here is a link to…

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Rex Investigates Wells Timberland REIT

Rex Investigates Wells Timberland REIT 150 150 Rex Securities Law

In November 2011, FINRA fined Wells Investment Securities, Inc. $300,000 for using misleading marketing materials in the sale of Wells Timberland REIT, Inc., a non-traded Real Esate Investment Trust. Here is a link…

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Rex Investigates Tenant in Common, TIC, 1031 Exchange Real Estate Investment Losses

Rex Investigates Tenant in Common, TIC, 1031 Exchange Real Estate Investment Losses 150 150 Rex Securities Law

Have you or your loved ones suffered losses as a result of purchasing Tenant in Common Real Estate Investments? We are investigating schemes involving the sale of private investments in real estate (office buildings,…

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E*Trade Establishes Hotline for Auction Rate Securities Investors

E*Trade Establishes Hotline for Auction Rate Securities Investors 150 150 Rex Securities Law

 The North American Securities Administrators Association (NASAA) announced establishment of  a toll-free hotline and website  to assist investors who purchased auction rate securities (ARS) through E*TRADE Securities LLC. Regulators and…

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FBI – Investment Fraud Big Business in South Florida

FBI – Investment Fraud Big Business in South Florida 150 150 Rex Securities Law
FBI Special Agent David Nanz recently offered some observations and advice about scams and frauds, based upon his time in the Miami field office. “If it seems too good to be true, it probably is”, words we have all heard but all too often fail to heed. According to Nanz, the most commonly seen schemes are: Ponzi and Pyramid schemes promising high rates of return with little or no risk. There is no legitimate underlying investment. The fraudster uses money from new investors to pay “profits” to later investors. Market Manipulation-Pump and Dumps as they are often called use deceptive practices to manipulate the price of a targeted security, usually an unknown penny stock, which is sold off by the fraudster after he has convinced others to run up the stock price. Beware of the broker who ‘cold calls’. Commodities Fraud-with gold at a recent high, it is no surprise we have seen so many frauds uncovered where business purport to be in the commodity business when they actually soliciting funds for a transaction that never occurs. We have been helping investors recover investment losses fo over 20 years. If you have questions, do not hesitate to … read more

Allen Stanford Guilty – Ponzi Scheme

Allen Stanford Guilty – Ponzi Scheme 150 150 Rex Securities Law
Texas financier Allen Stanford was convicted on 13 of the 14 counts for bilking investors out of $7 billion plus in one of the largest Ponzi schemes on record. The jury deliberated 4 days before finding him guilty of all charges but a single count of wire fraud. … read more

FINRA Claims Lerner Tried to Coverup Apple REIT Results

FINRA Claims Lerner Tried to Coverup Apple REIT Results 150 150 Rex Securities Law
On June 20, 2011, two class action suits were filed against David Lerner & Associates over its sales of Apple REITs, a family of real estate-based securities. This follows a recently filed complaint by the Financial Industry Regulatory Authority (FINRA) alleging that David Lerner Associates, Inc. has been misleading investors about the value of the Apple REIT Ten shares. Here is a link to the  FINRA Press Release about the first regulatory action against Lerner. Lerner’s company sold $6.8 billion of the securities into some 122,600 customer accounts. His company is a prominent advertiser on New York City radio, famous for its tagline, “Take a Tip from Poppy”, and in recent years has hosted seminars drawing hundreds of investors in the Boca Raton, FL area. In December 2011, FINRA sued Lerner again, this time amending the prior complaint against Lerner’s company and this time naming him individually, for statements he made in an attempt to quell anxious customers who had reason to be concerned about their investments since two class actions and a regulatory action were filed questioning the value of the investment. … read more