Frank J. Capuano of Royal Alliance Associates, Inc. (“Royal Alliance”) consented to findings by FINRA that he sold approximately $1.1 million in Woodbridge Mortgage Investment Funds notes (“Woodbridge”) to nine customers, and that he failed to obtain written approval from his firm for these transactions. FINRA also found that Capuano received over $34,000 in commissions in connection with these transactions. Capuano consented to a one-year suspension and a $10,000 fine.

If you invested in a Woodbridge Mortgage Investment Fund through Capuano, or another licensed financial advisor you may be able to recover your investment losses from Royal Alliance. Our firm has been investigating Woodbridge for some time. Various states have brought enforcement actions against Woodbridge Mortgage Investment Funds 1, LLC, 2, LLC, 3, LLC AND 3A, LLC, alleging that these investments were sold in violation of state securities laws. Specifically, on May 4, 2015, Woodbridge Funds 1, 2, and 3 consented to an order by the Massachusetts Securities Division that these Funds violated the Massachusetts Uniform Securities Act by selling unregistered securities. On March 18, 2016, Woodbridge Mortgage Investment Fund 3, LLC consented to an order by the Texas State Securities Board that it violated the Texas Securities Act by offering unregistered securities. Finally, the State of Arizona recently filed an amended action against Woodbridge alleging that Woodbridge committed securities fraud by not disclosing the Massachusetts and Texas orders and the risks of these investments.

We would like to discuss the possibility of your retaining our firm to represent you in an arbitration action against Royal Alliance. 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 attorneys 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 invested in a Woodbridge Mortgage Investment Fund, 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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