GOODMAN & NEKVASIL, P.A. MAY RECOVER YOUR INVESTMENT LOSSES – VOYAGER FINANCIAL GROUP, LLC a/k/a VFG, LLC
Numerous states have brought enforcement actions against Voyager Financial Group, LLC, a/k/a VFG, LLC, alleging that Voyager Financial Group, LLC, a/k/a VFG, LLC, sold these investments in violation of state securities laws. The New Mexico Securities Division filed an action in December 2013 alleging that Voyager Financial Group, LLC, a/k/a VFG, LLC, deceived investors by describing the sale of income streams as valid and permissible transactions, when in fact, United States government pensions and disability benefits may not be assigned or attached under 37 U.S.C. §701. The New Mexico Securities Division also alleged that Voyager Financial Group, LLC, a/k/a VFG, LLC, failed to adequately disclose to investors the risks of the seller(s) of income streams redirecting those payments away from escrow accounts and consequential loss to investors.
The Arkansas Securities Department filed an action in April 2013 alleging that the Voyager Financial Group, LLC, a/k/a VFG, LLC, investments were unregistered securities sold in violation of the Arkansas Securities Act. The Arkansas Securities Commissioner issued a Second Cease and Desist Order in March 2014, alleging that Voyager Financial Group, LLC, a/k/a VFG, LLC, omitted and failed to provide investors with full and complete disclosure of material facts and made material misstatements to investors in violation of the Arkansas Securities Act.
The Pennsylvania Department of Banking and Securities entered into a Consent Agreement and Order with Voyager Financial Group, LLC, a/k/a VFG, LLC, in 2014. Voyager Financial Group, LLC, was permanently barred from selling securities in Pennsylvania.
In November 2014, the California Department of Business Oversight issued a Desist & Refrain Order and found that Voyager Financial Group, LLC, violated the California Corporate Securities Law of 1968 in connection with the sale of pension income streams by omitting to state a material fact necessary in order to make the statements made not misleading.
Finally, the Mississippi Secretary of State, Securities Division, entered a Cease & Desist Order against Voyager Financial Group, LLC, in February 2017, finding that Voyager Financial Group, LLC, failed to disclose default rates related to the sale of certain pension income streams, offered and sold unregistered securities, and engaged in fraud in connection with such sales.
If you purchased a Voyager Financial Group, LLC, a/k/a VFG, LLC, investment from a licensed financial advisor, such as John T. Oates, Jr., (John T. Oates, Jr., was licensed with Cetera Financial Specialists, LLC), we would like to discuss the possibility of you retaining our firm to represent you in an arbitration action against that advisor’s brokerage firm or investment advisor. 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. The filing of such a case will not impact on your ownership of the investment in any way.
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 $170 million on behalf of victimized investors. If you invested in Voyager Financial Group, LLC, a/k/a VFG, LLC, 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.