Green Tree Investment Group, Inc. and Jeffrey B. Mallett Charged by SEC – Goodman & Nekvasil P.A. May Recover Investor Losses
Securities and Exchange Commission Charges Green Tree Investment Group, Inc. and Jeffrey B. Mallett
On November 17, 2017, the Securities and Exchange Commission charged Jeffrey B. Mallett of Mason, Texas and his company, Green Tree Investment Group, Inc., for acting as unregistered brokers. Mallett and Green Tree have agreed to settle the SEC’s charges and will pay combined disgorgement, interest, and penalties of over $777,000.
According to the SEC’s complaint, filed in the U.S. District Court for the Western District of Texas, Mallett and Green Tree purchased ownership interests in 16 different wells and oilfield facilities in Texas for the benefit of other investors. From April 2010 through October 2014, Mallett and Green Tree allegedly solicited and received approximately $3.7 million from investors and paid approximately $2.7 million to purchase ownership interests in the wells for the investors’ respective accounts. The complaint alleges that Mallett and Green Tree received compensation by marking up the investors’ purchase prices and charging commissions by retaining 10% of the interests purchased by the investors. The complaint further alleges that, despite acting as brokers, Mallett and Green Tree failed to register as required under Section 15(b) of the Securities Exchange Act of 1934.
Investors in Green Tree Investment Group, Inc. May Recover their Losses with Goodman & Nekvasil, P.A.
If you invested in Green Tree Investment Group, Inc. Goodman & Nekvasil, P.A. may help you. Goodman & Nekvasil, P.A., a Clearwater, Florida, law firm with a national practice representing victimized investors, has recovered more than $180 million dollars on behalf of victimized investors.
All our cases are handled on a purely contingency fee basis by Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA. Kalju Nekvasil, Esq. has practiced in this area of the law for more than 35 years.
There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
If you incurred investment losses in Green Tree Investment Group, Inc. and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.