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Soreide Law Group
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Soreide Law Group, PLLC, is a securities litigation firm that is committed to helping victims recover financial losses due to fraudulent or negligent conduct on behalf of stock brokers or financial advisors. We are able to represent investors nationwide in the handling of their securities... More
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  • KGTA Petroleum LLC Scam Investment Sold By 2 Brokers From Prime Solutions Securities, Inc. PSSI 0 comments
    Jun 11, 2014 4:23 PM

    The securities lawyers at Soreide Law Group have been investigating investor losses relating to KGTA Petroleum LLC. If you were an investor in KGTA Petroleum LLC through a broker we are accepting your case. The broker-dealer related to Jeffrey L. Gainer and Jerry A. Cicolani, Jr. in this investment scheme is Prime Solutions Securities, Inc. ("PSSI") which is based in Cleveland.

    According to SEC filings on May 29th 2014, "The KGTA oil business was a sham." Between October 8, 2012 and February 2014, KGTA raised at least $20.73 million from investors. They also acted as unregistered broker-dealers keeping their sales of KGTA secret from their broker-dealer firm which is a practice called "selling away."

    According to the SEC "even a cursory independent investigation would have revealed that KGTA had no financial statements, offices, facilities, or employees (other than Grant and Abdallah). Investors were told that returns would be guaranteed between 2-4% monthly and up to 48% annually with no market risk.

    Please visit or call 1-888-760-6552 to discuss your case with a lawyer for free. Soreide Law Group handles cases before FINRA nationwide.

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