New York, NY (PRWEB) July 02, 2013
Zamansky & Associates LLC announces that it is investigating allegations of private investment sales by First Allied Securities Inc. and its financial advisors of venture capital interested offered by Advanced Equities Inc. (“Advanced Equities”), the Chicago, Illinois-based brokerage firm. The investigation includes sales of private investments in various limited liability companies to invest in “green” technology companies including AEI Fisker, AEI Bloom, AEI Venture and other LLCs.
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.
The investigation concerns First Allied Securities’ alleged sale and solicitation of AEI funds and LLCs to investors. “Private investments in non-public companies are highly risky, and usually offer only limited information to investors,” according to stock fraud attorney Jake Zamansky. “Brokerage firms that sell these securities owe duties to make sure that the private investments are suitable for their customers, and that the investors receive disclosure of material risks,” he states. If you purchased one of these AEI funds or LLCs, you should consider having it reviewed by a professional for suitability, Zamansky states.
What Investors Can Do
If you were an investor in any private investment sold by First Allied Securities, 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 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