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The Securities Law Firm of Menzer & Hill, P.A., is a nationally known securities law firm representing clients nationwide in securities fraud, securities arbitration and securities litigation matters. Our securities attorneys’ focus is representing investors nationwide that have lost money... More
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  • Success Trade Promissory Notes Fraud - Fuad Ahmed 0 comments
    Jun 5, 2013 4:41 PM

    The Securities Law Firm of Menzer & Hill, P.A., is investigating Success Trade Securities related to Success Trade Promissory Notes. FINRA recently announced that it had filed a Temporary Cease-and-Desist Order in relation to these Notes. Allegedly, Success Trade's President and CEO Fuad Ahmed misused client assets that purchased the Notes.

    FINRA filed a complaint against Success Trade Securities and Fuad Ahmed for sales fraud. These Promissory Notes were issued by Success Trade Inc., the parent company. Success Trade Securities sold in excess of $18 million of the Promissory Notes. Many investors include current or former NFL and NBA players. Upon information and belief, Success Trade misrepresented material facts related to the Notes to their clients. Furthermore, FINRA claimed that Success Trade misrepresented the way in which the Firm would use the proceeds, as they appeared to pay existing note-holders' interest payments and made unsecured loans to the CEO.

    Under FINRA rules and regulations, investors that purchased promissory notes through Success Trade Securities may be entitled to rescind their purchases if the Firm misrepresented the nature of the Notes.

    Contact a Securities Attorney if you sustained losses with Success Trade Securities or through Fuad Ahmed.

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