New York, New York (PRWEB) April 23, 2013
Zamansky & Associates LLC is investigating Gibraltar Global Securities Inc.(“Gibraltar Securities”) and Warren A. Davis (“Davis”) over their alleged sales of Magnum d’Or stock. On April 18, 2013, the U.S. Securities and Exchange Commission (SEC”) filed a Complaint against Gibraltar Securities and Davis, alleging that they operated unlawfully as a broker-dealer in the U.S. and that they sold unregistered securities. The case is SEC v. Gibraltar Securities and Davis, United States District Court, Southern District of New York, 13-CV-2575.
According to the SEC’s Complaint, from March 2008 through August 2012, Gibraltar Securities which is a Bahamian broker-dealer allegedly solicited customers in the United States through its website. The Complaint alleges that Gibraltar Securities sold approximately $11 million of unregistered securities of Magnum d’Or, a Nevada company, held by nominees of a company officer. The Complaint alleges that Gibraltar Securities sold this unregistered stock to U.S. customers who purchased through brokerage firms: Oppenheimer& Co., Noble Trading, Scottsdale Capital Advisors and Alpine Securities Corp.
Zamansky & Associates has launched an investigation on behalf of investors who purchased Magnum d’Or stock, over the alleged sales by Gibraltar Securities. “An investment in any unregistered security is highly risky, and investors need to know if securities they purchase are unregistered,” Zamansky states.
What Magnum d’Or Investors Can Do
If you would like to us to review your investments or discuss your legal rights, you may, without obligation or cost to you, email jake(at)zamansky(dot)com or call the law firm at (212) 742-1414.
About Zamansky & Associates LLC
Zamansky & Associates LLC is one of the leading law firms specializing in securities fraud and financial services arbitration and class action litigation. We represent both individual and institutional investors. Our practice is nationally recognized for our ability to aggressively prosecute cases and recover losses.
To learn more about Zamansky, please visit our website, http://www.zamansky.com.
Zamansky & Associates, LLC
50 Broadway - 32nd Floor
New York, NY 10004
Jake Zamansky, 212-742-1414