On October 25, 2018, the SEC obtained a court order to halt the alleged fraudulent actions of a registered stock broker and his companies. The complaint by the SEC states that Sean Kelly used his companies, Lion’s Share Financial of East Cobb, Inc., Lion’s Share and Associates, Inc., and Lion…
Silver Law Group, a securities and investment fraud law firm announces that a class action lawsuit has been commenced in the United States District Court for the District of New Jersey on behalf of purchasers of Akers Biosciences, Inc. (Nasdaq: AKER) (“Akers” or the “Company”) securities during the period between…
Silver Law Group is currently representing investors who have been victims to Perry Santillo Jr. and his associates’ alleged $102 million Ponzi scheme. Silver Law Group continues to investigate claims against Santillo and his associates’ businesses, including: First Nationle Solution; Percipience Global Corporation; and United RL Capital Services. As part…
On June 19, 2018, the Securities and Exchange Commission (the “SEC”) shut down a $102 million Ponzi scheme and charged five (5) individuals and three (3) businesses with various securities laws violations. The massive Ponzi scheme’s alleged orchestrators were all formerly registered with FINRA and employed by FINRA-registered firms, according…
In January 2018, Menlo Therapeutics went public issuing over 8,000,000 shares of common stock at a public offering price of $17.00 raising over 125 million dollars. NASDAQ lists Menlo’s stock under the ticker symbol “MNLO.” Jefferies LLC, Piper Jaffray & Co. and Guggenheim Securities served as the lead underwriters. Menlo’s…
Patrick H. Maddren CRD#4665903 Silver Law Group is investigating Ft Lauderdale, Florida-based Westpark Capital Inc. broker Patrick H Maddren following a customer complaint alleging unauthorized trading, churning and unsuitable investment recommendations. According to FINRA’s BrokerCheck report on Maddren, a complaint was received in March of 2016 stemming from his time…
Gaetano Magarelli CRD#2227996 Silver Law Group is investigating Boca Raton, Florida-based Newbridge broker Gaetano Magarelli following multiple customer complaints alleging unsuitable investment recommendations, churning and misrepresentation According to FINRA’s BrokerCheck report on Magarelli, a complaint was received in August of 2017 alleging that Magarelli had provided unsuitable investment recommendations. The…
Alexander Kibrik CRD#5556827 Silver Law Group is investigating Former New York, New York-based Garden State Securities broker Alexander Kibrik following a customer complaint alleging unauthorized investment activity and unsuitable investment recommendations. According to FINRA’s BrokerCheck report on Kibrik, a complaint was received in March of 2017 alleging that Kibrik provided…
Casey T. Rodriguez CRD#4870499 Silver Law Group is investigating former Farmingdale, New York-based Active Capital broker Casey T. Rodriguez, after customer allegations of misrepresentation, unsuitable recommendations and churning where received by FINRA. Later in 2017, he was suspended for his failure to respond to an official request for information. According…
Samuel B Rankin CRD#811491 Silver Law Group is investigating Charlotte, North Caroline-based UBS Financial Services broker Samuel Rankin following a customer complaint alleging unsuitable investment recommendations. According to FINRA’s BrokerCheck report on Rankin, a complaint was received in September of 2017 alleging that Rankin provided unsuitable investment recommendations and misallocated…