INFOTOUCH CORP – TRANSACTION TECHNOLOGY SYSTEMS BANKRUPTCY – PRIVATE PLACEMENT INVESTOR ALERT

INFOTOUCH CORP – TRANSACTION TECHNOLOGY SYSTEMS BANKRUPTCY – PRIVATE PLACEMENT INVESTOR ALERT.

Investors who purchased a private placement with InfoTouch Corp may suffer investment losses following Transaction Technology Systems’ Chapter 11 bankruptcy filing.

Goodman & Nekvasil, P.A., is investigating private-placement investments and whether broker-dealers and financial advisors adequately investigated the offerings before recommending them to investors.

Transaction Technology Systems Filed for Chapter 11 Bankruptcy

Transaction Technology Systems, Inc., a technology company based in San Antonio, Texas, filed for Chapter 11 bankruptcy protection on October 7, 2026, in the U.S. Bankruptcy Court for the Western District of Texas. The case is No. 26-52871.

The bankruptcy raises concerns for investors who purchased the company’s promissory notes and are seeking repayment.

InfoTouch Corp and the Regulation D Offering

SEC records identify InfoTouch Corp. as the filer of a September 23, 2022 amendment to a Regulation D offering associated with Transaction Technology Systems, Inc. The offering involved debt securities, including promissory notes, sold under Rule 506(c) of Regulation D.

• The filing discloses $125,000 in sales commissions with $1.699 million reported sold in the filing. These amounts reflects the reported figures in the respective filing and do not necessarily represent the final amounts raised or the total commissions ultimately paid.

Investors should distinguish between InfoTouch Corp’s role in the securities filings and Transaction Technology Systems, Inc.’s role as the company that filed bankruptcy. The available records do not establish that InfoTouch Corp. itself filed for bankruptcy.

Carofin, LLC and Carolina Financial Securities, LLC are listed as Recipient Broker-Dealers on the FORM D filed for InfoTouch Corp.

Did Broker-Dealers Conduct Adequate Due Diligence?

Private placements can carry significant risks, including limited liquidity, limited financial disclosure, uncertainty about repayment, and the potential loss of some or all invested principal.

Broker-dealers that recommend private placements must comply with applicable regulatory obligations, including requirements concerning reasonable investigation, suitability, and, where applicable, Regulation Best Interest.

Investors may wish to investigate whether the firms and financial advisors who sold these notes:

• Conducted reasonable due diligence into Transaction Technology Systems and its financial condition.
• Evaluated the company’s ability to repay the promissory notes.
• Disclosed the risks of investing in the company and the possibility of losing principal.
• Explained the commissions and other financial incentives associated with selling the securities.
• Recommended the investment in light of each investor’s financial circumstances, investment objectives, liquidity needs, and risk tolerance.

The bankruptcy does not, by itself, establish that a broker-dealer violated its obligations. However, the offering documents, sales materials, financial statements, and circumstances surrounding each recommendation may warrant further review.

Can Investors Recover Their Losses?

Investors who purchased Transaction Technology Systems promissory notes through a brokerage firm or financial advisor may wish to investigate whether they have potential claims against the firm or other responsible parties.

Depending on the facts, investors may have rights as creditors in the bankruptcy and may have separate claims arising from the recommendation or sale of the securities. Any potential recovery depends on the applicable law, the evidence, the available assets, and the circumstances of the investment.

Goodman & Nekvasil, P.A., a St. Petersburg, Florida law firm with a national practice representing investors, investigates claims involving unsuitable investments, private placements, and alleged broker-dealer misconduct.

Call 800-500-4442 if you purchased Transaction Technology Systems promissory notes through a broker or financial advisor and suffered investment losses. Goodman & Nekvasil, P.A., can evaluate the circumstances of the investment and whether you may have options for recovering losses.

Goodman & Nekvasil, P.A. is investigating brokers who may have unsuitably recommended investments to their clients.

St. Petersburg, Florida law firm Goodman & Nekvasil, P.A., has a national practice representing victimized investors.  The  firm continues to investigate brokerage firms that placed elderly retirees and other conservative investors in unsuitable investments.

Goodman & Nekvasil, P.A., has filed numerous cases against brokerage firms selling high-risk investments and has recovered more than $600 million dollars on behalf of victimized investors.

We allege in these cases that these investment recommendations were unsuitable for our clients in view of their financial situation, needs and investment objectives.

There is no charge for an evaluation of your case. We handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee.

If you incurred losses on your investment and would like your case evaluated by a securities attorney, please contact us.

Some of the information in this blog post was obtained from FINRA on 10/20/26. If you believe this information was reported incorrectly, please contact our firm: 1-800-500-4442.