New York, NY (PRWEB) June 25, 2013
Zamansky & Associates LLC announces that it is investigating Andrew Stuart & Company, and its two principals Stuart Horowitz and Andrew Rosenberg, and their broker-dealers, NFP Securities and Securities America, Inc. The investigation concerns alleged misconduct concerning investment recommendations and financial advice.
The investigation concerns alleged sales by Stuart Horowitz and Andrew Rosenberg to investors of the Hennessy Monthly Income Financing Fund or True North Finance Corporation Fund. The U.S. Securities and Exchange Commission brought a proceeding against this fund. The case is SEC v. True North Finance Corporation, f/k/a CS Financing Corporation, et al., Civil Case No. 10-3995-DWF/JJK, USDC, D. MINN. The investigation also concerns alleged recommendations sales by Stuart Horowitz and Andrew Rosenberg of other private investments such as real estate investment trusts, financing, leasing and oil/gas royalties funds.
“Private investments are unsuitable for retirees or other conservative or moderate investors,” states stock fraud attorney, Jacob Zamansky. These are not suitable investments for investors needing to generate sale income from their investments, Zamansky says. If any investor is recommended a private investment in a financing, leasing and oil/gas royalties business, or even a company that is unknown to them, they need to be cautious and should have their investments reviewed, Zamansky believes. Moreover, brokerage firms like NFP Securities and Securities America have strict duties to supervise their registered representatives, even those that operate an independent office under their own name, like Andrew Stuart & Company.
What Investors Can Do
If you invested through Andrew Stuart, Stuart Horowitz, Andrew Rosenberg, NFP Securities or Securities America, and would like to have your account reviewed 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, FINRA arbitration and class action litigation. Our FINRA attorneys represent both individual and institutional investors. Our securities arbitration practice is nationally recognized for our ability to aggressively prosecute cases and recover losses.
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