Stoltmann Law Offices continues to investigate Beth Ty, a former registered broker with Park Avenue Securities. Allegedly, Ty put together a comprehensive plan for her clients, who were a married couple. She then sold them a full life insurance policy and recommended that they fund the payments for it through a “guaranteed high yield” investment with Daystar Funding and Frederick Voight. She then claimed she personally investigated this investment herself, when, in reality, it turned out to be a ponzi scheme. The Securities and Exchange Commission (SEC) charged Voight and Daystar with running a ponzi scheme. Shortly after Ty put the claimants’ money into the investment, in July 2015, the SEC charged the fund with being a ponzi scheme. The couple subsequently lost $175,000. Ty is being accused of negligence, breach of fiduciary duty and negligent supervision.
Beth Ty, also known as Lizabeth Gotuaco Ty, was registered with Ameritas Investment Corp in Lincoln, Nebraska from February 2004 until April 2004, Brookstreet Securities in San Juan Capistrano, California from April 2004 until November 2004 and Park Avenue Securities in Houston, Texas from January 2006 until July 2015. She has four customer disputes against her, all of which are pending. She has been permanently barred from the industry. Please call us today at 312-332-4200 if you suffered money losses with Ms. Ty. We may be able to bring a claim against her former firm, Park Avenue Securities, in order to reclaim your losses. The firm may be liable for not properly supervising her. We take cases on a contingency fee basis only.