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Articles Tagged with Allegations of Securities Fraud

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Silver Law Group and The Law Firm of David Chase are reviewing potential claims of fraudulent inducement of federal employees into purchasing high fee paying variable annuity products by LPL Financial LLC (CRD#6413) affiliated brokers Brandon Long (CRD# 5975459) , Christopher S Laws (CRD#4479529) , Johnathan Dax Cooke (CRD#5365691) and Danny Scott Hood (CRD#3236852).

Variable annuities (“VAs”) are highly-complex financial products.  According to FINRA, a good way to think of a VA is as a cross between an insurance product and an investment product.

Like other annuities, a VA is a contract between the investor and an insurance company.  The investor pays the insurer a single payment or a series of payments called premiums.  In exchange for those premiums, the insurer promises to make periodic payments to you either immediately or at some point in the future.

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Silver Law Group is investigating former Boca Raton, Florida-based Raymond James broker Gregory E. Barr (CRD# 1312703) after being discharged by two different firms in less than three years.

Barr was most recently employed by Raymond James & Associates (CRD# 705), but most of his trouble involves his prior firm, Deutsche Bank Securities Inc. (CRD# 2525).

In May 2014, Deutsche Bank discharged Barr after the he allegedly admitted exercising discretion in non-discretionary accounts.

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Chestnut Exploration and Mark Plummer Facing Allegations of Securities Fraud With Oil & Gas Securities on silverlaw.com

Claims of omission, misrepresentation and wrongful use of client funds follow alleged losses totaling over $5M

Chestnut Exploration Partners and broker Mark A. Plummer were recently named in a FINRA disciplinary action that alleges omissions and material misrepresentations were made in the sale of private placement securities contracts to 88 customers, who allege that they lost over $5,000,000 after investing in the 4×4 Securities, representing an average 90 percent loss on those investments. According to the claim, Chestnut Exploration Partners and Plummer allegedly misused at least $567,000 that were put up by investors for completion and drilling costs.

Plummer spent 11 years working in the securities industry and was registered with Chestnut Exploration, which was previously known as Chestnut Energy Partners, from 2003 to 2014. Mr. Plummer is also currently the subject of two customer complaints.

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