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Robert Rex
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This blog is written by Robert H. Rex, Esq. who is a securities attorney and a passionate advocate for investors rights. With over 30 years of legal experience, 25 of which have dealt almost exclusively with the recovery of stockmarket and investment losses for mostly elderly clients, he and his... More
My company:
Rex Securities Law
My blog:
Rex Investment Loss Recovery Blog
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  • RSL Investigates Recovery Of Commonwealth Income & Growth Fund Losses

    Rex Securities Law (RSL) is investigating the sale of the Commonwealth Income & Growth Funds by brokerage firm Commonwealth Capital Securities Corp to determine if there was adequate due diligence performed prior to recommending the purchase of this investment.

    These investments may be considered risky and inappropriate for certain investors, especially those who are elderly, retired and living on fixed income.

    On May 3, 2013, the FINRA Department of Enforcement filed a complaint against its owner, Kimberly A. Springsteen-Abbott alleging that she misused over $344,000 of investor funds to pay for various credit card charges unrelated to business purposes. To review Ms. Springsteen-Abbott's complete FINRA record, visit the FINRA BrokerCheck site.

    If you have losses as a result of purchasing this investment, call us for a no charge consultation to discuss your legal rights.

    Nationwide representation.

    Rex Securities Law

    561 391 1900

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Tags: sue stockbroker, finra arbitration, commonwealth captial securities corporation
    Jun 12 2:43 PM | Link | Comment!
  • SEC Suspends Trading On 61 Microcap Companies "Ripe For Fraud"

    In a press release dated June 3, 2013, the Securities & Exchange Commission suspended trading in 61 shell companies that are lying dormant on the over-the-counter market and which it deems are ripe for fraud.

    Since microcap companies are very thinly traded they have great potential for abuse by fraudsters who highjack them and use them for "pump and dump" schemes and other fraudulent activities. Here are the 61 companies named in the SEC press release, followed by their trading symbol:

    1. 3CI Complete Compliance Corp.

    TCCC

    2. AHPC Holdings, Inc.

    GLOV

    3. American Utilicraft Corp.

    AMUC

    4. Austin Farms Inc.

    AUFR

    5. BancPro, Inc.

    BCPO

    6. Baxley Federal Savings Bank

    BAXF

    7. CBR Brewing Co.,

    Inc.

    CBRAF

    8. Centerpoint Bank (Bedford, NH)

    CPOB

    9. China Renyuan International, Inc.

    CRNY

    10. Compass Plastics & Technologies, Inc.

    CPTI

    11. Devonshire Consolidated, Inc.

    DVNO

    12. Edge Business Services Corp.

    EGBS

    13. Egghead.com, Inc.

    EGHDQ

    14. Environmental Corp. of America

    ECAM

    15. Environmental Fiber Technologies, Inc.

    EVFB

    16. Extreme Motorsports of California, Inc.

    EMOC

    17. Fidelity First Financial Corp.

    FFIRD

    18. Fortune Market Media, Inc.

    FTMK

    19. Franklin Ophthalmic Instruments Co.,

    Inc.

    FKLN

    20. Futurebiotics, Inc.

    VITK

    21. Geneva Financial Corp.

    GNVN

    22. Globalnet Systems Ltd.

    ISDN

    23. Icy Splash Food & Beverage, Inc.

    IFBV

    24. Imaging Center Inc. (The)

    TIGC

    25. InAmerica, Inc.

    INAX

    26. IndieMV Media Group, Inc.
    IDMV

    27. Integrated Bio Energy Resources, Inc.

    IBIE

    28. Interactive Brand Development, Inc.

    IBDI

    29. ISI Technology Corp.

    ISYI

    30. Isomet Corp.

    IOMT

    31. Matinee Media Corp.

    MNEM

    32. MediaBay, Inc.

    MBAY

    33. Metricom, Inc.

    MCOMQ

    34. Midnight Holdings Group, Inc.

    MHGI

    35. Municipal Insurance Co. of America

    MPAL

    36. Myriad Entertainment & Resorts, Inc.

    MYRA

    37.Oxford Capital Corp.

    OXFO

    38. PanAmerican BanCorp

    PABN

    39. Pennsylvania Warehousing & Safe Deposit Co.

    PAWH

    40. Pipejoin Technologies, Inc.

    PPJN

    41. Pogo! Products, Ltd.

    PGOI

    42. PopMail.com, Inc.

    POPM

    43. Premium Energy Corp.

    PPTL

    44. Relax Investments, Ltd.

    RLXI

    45. Riptide Worldwide, Inc.

    RTWW

    46. Rocket City Enterprises, Inc.

    RCTY

    47. Rocketinfo, Inc.

    RKTI

    48. Ronco Corp.

    RNCP

    49. Silver Star Energy, Inc.

    SVSE

    50. Sound Health Solutions, Inc.

    SHSO

    51. Sovereign Exploration Associates International, Inc.

    SVXA

    52. Sports Concepts, Inc.

    SCPT

    53. Sports Media, Inc.

    SPTS

    54. TMT Capital Corp.

    TMTP

    55. UniMark Group, Inc. (The)

    UNMG

    56. Verdant Brands, Inc.

    VERD

    57. Viking Power Services, Inc.

    VKPW

    58. Vinings Investment Properties Trust

    VIPPS

    59. Washington Life Insurance Co. of America

    WLIA

    60. Wi-Tron, Inc.

    WTRO

    61.

    Zone Mining Ltd.

    ZMNL

    If you have questions about losses you have suffered in your stock brokerage account, call for a no charge consultation to discuss your legal rights.

    Nationwide representation

    Rex Securities Law

    561 391 1900

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Tags: sec, recover investment loss, sue stockbroker, finra arbitration
    Jun 12 2:25 PM | Link | Comment!
  • Mariner Access/Mariner 2X Access Losses May Be Recoverable

    Rex Securities Law is investigating the sale by Merrill Lynch Pierce Fenner & Smith of Mariner Access and Mariner 2X Access hedge funds. Merrill Lynch brokers raised hundreds of millions of dollars selling these alternative investments.

    These funds have lost significant value, in some cases over 70%. Hedge fund investments are considered generally to be risky investments which may not be suitable for the average investor. If you have losses as a result of purchasing Mariner Access or Mariner 2X Access funds you may be able to recover some or all of your losses through arbitration with the Financial Industry Regulatory Authority (FINRA).

    Contact our law office for more details regarding your legal rights.

    Nationwide representation

    Free consultation

    Rex Securities Law

    561 391 1900

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Tags: mariner access, mariner 2x access, merrill lynch, finra arbitration, recover investment loss, sue stockbroker
    Jun 12 1:56 PM | Link | Comment!
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EXTRACT_HEADERS Last-Modified: Wed, 19 Jun 2013 16:06:06 GMT EXTRACT_HEADERS Last-Modified: Wed, 19 Jun 2013 16:06:01 GMT EXTRACT_HEADERS Last-Modified: Wed, 19 Jun 2013 16:05:56 GMT EXTRACT_HEADERS Last-Modified: Wed, 19 Jun 2013 16:05:49 GMT EXTRACT_HEADERS Last-Modified: Wed, 19 Jun 2013 16:05:02 GMT