http://www.avvo.com/legal-answers-search/securities-investment-fraud.html Avvo.com - Investment Fraud Questions http://www.avvo.com/legal-answers/what-is-the-statue-of-limitation-in-michigan-on-mi-165969.html 401k was invested in 2000 when mkt began to drop. By 2002/2003 I was consistantly raised my concern on it's rapid loss & unhappiness of where it was invested. Can I recover partial amount of loss if funds were not moved at that time? Fri, 20 Nov 2009 09:12:52 PST http://www.avvo.com/legal-answers/have-there-been-any-amendments-to-the-sarbanes-oxl-163434.html if so what are they and where can i find out about them? Sun, 15 Nov 2009 21:45:03 PST http://www.avvo.com/legal-answers/if-my-401k-funds--invested-in-mutual-funds--were-n-163127.html loss do I have any rights? If so, what is the statue of limitations in Michigan? Sun, 15 Nov 2009 07:02:47 PST http://www.avvo.com/legal-answers/note-brokering---i-represent-the-seller-and-market-162807.html I am starting a new business note brokering. What is the law regarding if i want to represent the seller and charge them a commission. I assume i would have to have seller listing/rep agreements, buyer/seller confidentiality agreements, I would not "quote" what a note is worth, I would advise on what the different factor are that play into the value of the note, i would prepare marketing packages for potential buyers after they executed a confi., I would set a date for offers due, buyers submit all offers, i give to seller to pick, i do not advise the offer they choose, i recommend that their lawyers explain to them the contracts and advise what to do, I get paid a percentage, agreed to in the seller rep, at closing from the seller. Do i need a license to do this? Sat, 14 Nov 2009 08:32:05 PST http://www.avvo.com/legal-answers/commercial-securities-law--question-regarding-pre--157932.html We've recently filed a Reg D 506. We were told from the start that we could solicit accredited investors. We know general solicitation is not allowed under Reg D 506. What we were not aware of was that we are only able to sell to PRE-Existing substantive relationships. Our pool of pre-existing substantive relationships is not enough & I have the following question: If for example Company A currently has no operating history & Co. A requires $10MM to bring a product to market. With these funds Company A will have a product come to market within 12-18 months. Is it legal for Company A to pre-sell the product with a delivery date in the future of 18 mos? Is it legal to presell a piece of a "license" to the anticipated IP based upon geographic location or some other set of criteria? Thu, 05 Nov 2009 08:39:28 PST http://www.avvo.com/legal-answers/do-i-have-recourse-from-my-financial-adviser-who-t-153293.html My financial advisver on a meeting with him in 2004 persuaded me to make him my broker, I signed a paper to allow him to buy and sell stock and mutual funds. He did not give me a copy of paper which I signed. Five years later I find that they have been taken 1.5% per year from my IRA. This totals $18,500 for his services. During this time he only made 15 stock trades and moved some funds from one fund to another. Total expenses if I not had signed that paper would be less than $3,000. I received reports every Quarter but never noticed these charges called wrap fees. Tue, 27 Oct 2009 20:54:29 PDT http://www.avvo.com/legal-answers/i-am-a-victim-of-investment-fraud-that-the-fbi-and-147145.html My mother lost her entire nest egg in a fraudulent investment scheme that the FBI and SEC are currently investigating. We don't know what to do. Can we rely on the FBI and SEC to disperse recovered funds evenly should they find any or do we need to join a current law suit? If we don't join the lawsuit and those lawyers uncover funds, will they have the rights to those funds for their clients only or will the SEC take control and ensure that all funds are distributed evenly and fairly to all investors who lost? No criminal charges have been filed yet by the SEC because it is still under investigation. I called the SEC and they wouldn't give me any advice or info. I want to ensure that my mother is included in any disbursement of funds that are found. Please help. Fri, 16 Oct 2009 13:47:14 PDT http://www.avvo.com/legal-answers/i-put-money-in-an-annuity-that-was-to-mature--like-145126.html A financial advisor on an annunity account contacted me about investing some of my inheritance. I purchased a 'non-qualified' annuity that was to mature in 6 years. He then left the company without sending me, my copy of the contract. Asked I was given the run around. Determined to transfer my $ elsewhere I contacted another annunity company. An advisor of this other company steals some of my records and sneaks a contract into my paperwork. I contacted to incident to the SEC, they told me no securities were involved and the person I named wasn't licensed nor required to be licensed. I'm at a lost as to what to do now. Tue, 13 Oct 2009 02:23:45 PDT http://www.avvo.com/legal-answers/what-does-it-mean-when-a-financial-advisor-removes-142640.html I hired a new Advisor who wanted me to invest in a particular security. I found this to be a BAD investment. I went to the SEC website to see his Form ADV again and it said he WAS registered but is no longer registered. What does this mean? Why would he remove his Form ADV? Wed, 07 Oct 2009 13:30:53 PDT http://www.avvo.com/legal-answers/llc-liability-and-fraud--142532.html We know someone who is selling "shares" in a "invention" company for various prices. To some members he sells shares for $500 and to others he sells shares/investment in the company for $5-10K. "Members/Investors" did not get to view any documents beforehand. Red flag. The documents apparently have stated that no shareholder/investor can talk to another w/o losing his/her share/interest in the company. Profits/return on investment is not guaranteed. What is "supposedly" promised in return is the making of this invention prototype and trying to sell this to a manufacturing company like Nike. If it sells, people get money back. This gentleman thinks there is no wrongdoing in what he is doing. Can it be possible that he has legal bases covered with the above terms? It seems like fraud. Wed, 07 Oct 2009 10:41:11 PDT