Zamansky LLC Announces That It Is Investigating Financial Advisor Andrew R. Scheirer II of First Allied Securities In Orlando, Florida

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Zamansky & Associates LLC

Jul 30, 2013, 09:15 ET

New York, New York (PRWEB) July 30, 2013 -- Zamansky LLC announces that it is investigating financial advisor Andrew R. Scheirer II of First Allied Securities Inc. Scheirer has an office located in Orlando, Florida. The investigation concerns allegations of unauthorized speculative private investment sales to clients of venture capital funds and limited liability company interests.

Scheirer's alleged sales also included venture capital funds offered by Advanced Equities Inc. (“AEI”). On September 18, 2012, the U.S. Securities and Exchange Commission ("SEC") instituted an Administrative and Cease and Desist Proceeding against AEI 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 AEI made misstatements to investors, and that there was a failure to supervise sales of private investments in non-public companies.

The investigation concerns allegations of unauthorized and unsuitable speculative private investment sales of AEI funds, venture capital funds and limited liability company interests.

What Investors Can Do

If you were an investor in any private investment sold by Scheirer or 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 LLC

Zamansky 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.

Contacts

Zamansky & Associates, LLC
50 Broadway - 32nd Floor
New York, NY 10004
Jake Zamansky, 212-742-1414

Jacob Zamansky, Zamansky & Associates LLC, 212 742-1414, [email protected]