Articles Tagged with Source Capital Group

AdobeStock_33766885-1-300x200Stoltmann Law Offices is investigating Mark Holcombe who was recently fined and suspended by the Financial Industry Regulatory Authority (FINRA) for allegedly participating in the sale of two separate private securities transactions involving a company for which he was the chairman of the board. Mr. Holcombe sold two million shares of Trident Brands (TDNT) to a third party for $100,000 and participated in the company’s sale of senior secured convertible debentures to the same third party for $2.3 million by executing the note purchase agreement on behalf of the company. This is against securities rules and regulations.

According to his online, FINRA BrokerCheck report, Holcombe was registered with Madison Williams and Company in New York, New York from September 2010 until July 2011, Global Hunter Securities in New York from September 2011 until April 2012 and Source Capital Group in Westport, Connecticut from April 2014 until December 2015. He is currently not registered with any firm. Please call us today at 312-332-4200 to find out how you may be able to sue his former firm, Source Capital Group in the FINRA arbitration forum on a contingency fee basis for investment losses.

Stoltmann Law Offices is investigating Joey Broussard, a former adviser with Source Capital Group. The Financial Industry Regulatory Authority (FINRA) barred him from the securities industry after alleging that he forged the signature of one of his customers. He allegedly convinced the customer to invest $15,000 in an oil and gas venture called Bayou City Exploration. The customer then asked Broussard to rescind his investment and he subsequently forged the customer’s signature on a document. This is against securities rules and regulations.

Broussard was registered with Red River Securities in Plano, Texas from December 2009 until February 2010 and Source Capital Group in Allen, Texas from July 2010 until April 2014. He is not registered within the industry. If you or someone you know invested money with Joey Broussard, we may be able to help you bring a claim against his former firm, Source Capital Group for investment losses. We sue firms like Source Capital Group in the FINRA arbitration forum on a contingency fee basis. Please call today. 312-332-4200. The call is free with no obligation.

Stoltmann Law Offices is investigating Robert Turpin, a former registered representative with Source Capital Group. Turpin is accused of engaging in outside business activities, also commonly referred to as “selling away.” This is when a broker solicits and/or sells an investment that is not held or offered by his member firm. It is used exclusively to garner large commissions for the broker. Turpin is accused of selling the following products: Tartesso West Multi Family LLC, Tartesso West Commercial Mixed Us, LLC, Tartesso West High Density Reidential II, Tampa Bay Investors LLC, Tampa Bay Investors II, LLC, Tampa Bay Investors III, LLC, Alliance Equity Investors, Alliance Equity Investors Colorado LLC, and New Alliance Opportunity Investors LLC.

Robert Turpin was registered with Stiteler Investments from September 1982 until August 1985, First Financial Equity Corp in Scottsdale, Arizona from August 1985 until October 1991, M.F. Diessner Securities Corp in Phoenix, Arizona from January 1992 until July 1992, FSC Securities Corp in Atlanta, Georgia from July 1992 until February 1997, Uinta Investments in Gilbert, Arizona from March 1997 until August 1997, Desert Star Capital in Phoenix from July 1997 until August 2001, and Source Capital Group in Scottsdale from February 2010 until September 2015. He is not licensed within the industry. If you invested money with Turpin or one of the aforementioned investments, please call our securities law offices in Chicago to speak to an attorney for free. You may be able to sue his firm, Source Capital Group, for failing to reasonably supervise him. They can be held liable for investment losses.

Stoltmann Law Offices is investigating Joseph Scott Hooper, who recently entered into a Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA). Hooper is accused of participating in eight private securities transactions, otherwise known as “selling away.” Selling away is when a broker sells a security that is not offered or held by his brokerage firm. It is used to generate large commissions for the broker and is against securities rules and regulations. Hooper received $62,500 in commissions from the private securities sales.

Joseph Scott Hooper was registered with Source Capital Group in Bowling Green, Kentucky from January 2003 until April 2010 and Source Capital Group in Bowling Green from June 2012 until January 2013. He is not licensed and not currently registered with any member firm.

Stoltmann Law Offices is investigating Kevin L. Cline, a broker with Source Capital in Bowling Green, Kentucky. FINRA suspended him from the industry in December 2013 for three months and fined him $10,000. He was registered with Ridgemont Securities in Bowling Green, Kentucky from March 1994 until March 2002 and Source Capital Group, also in Bowling Green, from March 2002 until January 2014. He is not currently licensed in the industry. If you would like to bring a claim against Kevin L. Cline for investment losses, please call us at 312-332-4200 to speak to an attorney. We can help you discuss your options. The call is free.

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