Goodman & Nekvasil P.A. May Recover Investor Losses – Selden Companies, LLC Involved in Ponzi Scheme
The Western District of Missouri filed a civil forfeiture complaint against Mark Sellers in April 2017. The forfeiture complaint alleged that Mark Sellers operated an investment fraud scheme through Mark Sellers’ company, Selden Companies, LLC. According to the United States Attorney’s Office for the Western District of Missouri, Mark Sellers stole approximately $10 million from approximately 100 investors through Mark Sellers’ firm, Selden Companies, LLC, from December 2007 through at least 2015.
Some of the Selden Companies, LLC investments were sold through licensed financial advisors, including John Elliott of Ameriprise Financial Services, Inc. If you invested in Selden Companies, LLC stock through John Elliott or another licensed financial advisor, we can help you. This is because brokerage firms, including Ameriprise Financial Services, Inc., had a duty to supervise their agents.
FINRA barred John Elliott from the securities industry for not cooperating with an investigation concerning the sale of Selden Companies, LLC investments. FINRA reports that two arbitration claims have already been filed involving John Elliott’s conduct with Ameriprise Financial Services, Inc., the claims allege that John Elliott represented that Selden stock would not subject to the risks of the market and did not have price volatility, and/or that Selden stock was a Ponzi scheme and that their money was stolen.
If you lost money on investments with Selden Companies, LLC, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action against your sales agent’s brokerage firm. 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.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $300 million on behalf of victimized investors.
If you invested in Selden Companies, LLC with John Elliott or another licensed financial advisor 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.
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