Howard Allen – Howard Joseph Allen III, Financial Advisor Charged by SEC | Goodman & Nekvasil P.A. May Recover Investor Losses
Howard Allen CRD #2033586
ACCORDING TO THE SEC:
On February 3, 2016, the SEC charged a Manhattan-based lending company (“Company”) and its owner with repeatedly lying to investors purchasing high-yield securities. The SEC also charged a brokerage firm (“Firm”) that acted as the placement agent and two of its executives. The SEC alleges that the Company and Howard Allen promised investors 12-percent annual returns and falsely claimed its financial statements were being audited each year. The Company, which raises capital from investors to provide loans to businesses, also made misrepresentations in offering documents about its management and concealed details about deteriorating loan values that could imperil full payment of the promised returns to investors.
The Firm, its owner Howard Allen, and its president allegedly knew the offering documents were inaccurate yet continued using them to solicit sales of the Company’s securities. According to the SEC’s complaint filed in federal district court in Manhattan: While the Firm acted as the placement agent, Howard Allen became aware that the Company’s offering documents were not accurate. But he continued using them to solicit investors without informing them the financial statements were unaudited. Howard informed the Firm’s president that the Company’s offering documents contained false information, but the president took no action and the Firm’s brokers continued using misleading documents to solicit investors.
Investors May Recover their Losses with Goodman & Nekvasil, P.A.
If you invested, 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 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.
Investment Fraud Attorney, Stockbroker Misconduct Disciplinary Actions, Unsuitable Investment Advice, Investment Fraud, Churning, Misrepresentation and Omission of Material Facts, Elder Fraud, Unauthorized Trading, Theft, Selling Away, Unapproved Outside Business, Nationwide, PIABA, SEC, Securities Exchange Commission, NASD, National Association of Securities Dealers, NASDAQ, Dow Jones, Wall Street, New York Stock Exchange