Securities Arbitration Lawyers BlogWoodbridge Group of Companies Under SEC Investigation
The SEC is investigating Woodbridge Group of Companies’ (“Woodbridge”) business practices.
According to a recent SEC application and supporting papers filed in federal court in Miami, Florida, the SEC is investigating whether Woodbridge and others have violated or are violating the antifraud, broker-dealer, or securities registration provisions of the federal securities laws in connection with Woodbridge’s receipt of more than $1 billion of investor funds from thousands of investors nationwide.
As part of the SEC’s ongoing investigation, on January 31, 2017, agency staff in the SEC’s Miami Regional Office served Woodbridge with a subpoena seeking, among other documents, the production of electronic communications that the company maintained relating to Woodbridge’s business operations. The SEC’s application alleges that although Woodbridge was required to produce these documents to the SEC, Woodbridge has failed to produce relevant communications in response to the subpoena, including those of three high-level Woodbridge officials.
The sale of unregistered securities or the sale of securities by unregistered financial advisors can entitle an investor to rescission of the investment or the return of their money. If Woodbridge or its sales agents violated the anti-fraud provisions of the federal securities laws, investors may have a claim for damages.
What Should You Do If You Suspect You Are a Victim of Investor Fraud?
If you suspect that you have been a victim from an investment fraud scheme, it is essential that you find an attorney to represent you. Our lawyers are trained to handle the complexities of investor fraud in order to be able to provide the proper advice. Additionally, if you have invested with Woodbridge Wealth or another firm investigated for fraud by the SEC, it is best to work with a firm that has experience and is up-to-date with the SEC’s decisions in order to assist you with the best developments of your case.
Scott Silver, the Managing Partner of the firm states, “We have seen many cases recently involving the sale of high income products which are sold in violation of SEC rules. Unfortunately, these products are often sold to people least able to bear the risk of loss.”
How Our Firm Can Assist You
Silver Law Group has many years of experience handling investment fraud litigation and securities fraud from clients all over the nation. Our expertise and dedication to our clients is something that has caused us to win many high value judgments for our prior clients who were victims of investment fraud schemes.
In order to learn more about how our firm’s expertise can assist you with your upcoming case, it is highly recommended that you reach out to us today to schedule your consultation. This way, we will be able to make an informed determination as to whether you have a case and whether our firm can assist you with the process of getting back your investment.
Contact our firm today if you have invested with Woodbridge Wealth or any of Woodbridge’s related companies.