New York, New York (PRWEB) May 30, 2013
Zamansky & Associates LLC has filed a FINRA arbitration against Advanced Equities Inc. (“Advanced Equities”) and its officers Dwight Badger and Keith Daubenspeck, on behalf of an investor. The case is FINRA No. TN 1300576.
The Statement of Claim in the arbitration alleges that Advanced Equities solicited investments in partnerships formed to invest in various so-called green stocks such as Fisker Automotive, Bloom Energy, BrightSource and SolFocus. The Statement of Claim alleges that Advanced Equities solicited these investments by misrepresenting facts and omitting material information about the risks of investing in these companies. As a result, the Statement of Claim alleges that the investors believed that there was far less risk than how the investments were portrayed by Advanced Equities.
This arbitration is not the first such allegations made against Advanced Equities. On September 18, 2012, the U.S. Securities and Exchange Commission (SEC”) instituted an Administrative and Cease and Desist Proceeding against Advanced Equities and two of its principals. The case is In the Matter of Advanced Equities, Inc., Dwight O. Badger and Keith G. Daubenspeck, File No. 3-15031. The SEC alleges that Advanced Equities made misstatements to investors, and that there was a failure to supervise sales of private investments in non-public companies.
Zamansky is investigating sales of Advanced Equities’ partnerships which invested in Fisker Automotive, Bloom Energy, BrightSource and SolFocus and other green technology companies by independent brokerage firms.
What Investors Can Do
If you invested in any of the Advanced Equities’ partnership offerings, and would like to 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, FINRA arbitration and class action litigation. Our FINRA attorneys represent both individual and institutional investors. Our practice is nationally recognized for our ability to aggressively prosecute cases and recover losses.
Zamansky & Associates, LLC
50 Broadway - 32nd Floor
New York, NY 10004
Jake Zamansky, 212-742-1414