ACAP Financial Inc.— Facilitation and Liquidation of Unregistered Microcap Stocks

investment fraud attorneysACAP Financial Inc.. Allegedly Facilitated the Liquidation of over 3.3 Billion Shares of Four Unregistered Microcap Stocks that Two Customers Deposited into Firm Accounts

ACAP Financial Inc., between January 2011 and December 2013, allegedly facilitated the liquidation of over 3.3 billion shares of four unregistered microcap stocks that two customers deposited into their accounts at the firm, according to a Complaint from FINRA’s Department of Enforcement currently under review by attorneys Alan Rosca and Joe Peiffer.

ACAP Financial Inc. (ACAP), allegedly facilitated the liquidation of said shares while acting through Kirk Lynn Ferguson in his capacity as ACAP’s President and Chief Compliance Officer (CCO), and Gary Hume, the Anti-Money Laundering Compliance Officer, the Complaint also notes.

The Peiffer Rosca Wolf securities lawyers are currently investigating ACAP Financial Inc.’s alleged facilitation and liquidation of unregistered microcap stocks.

The Accounts at Issue Involving ACAP Were Opened for Two Corporations by an Individual named VB, the Only Contact on Both Accounts, Yet ACAP Allegedly Permitted Her Husband, JMB, to Execute Control over Both Accounts; ACAP failed, in the Face of Red Flags, to Conduct an Investigation into JMB

The accounts at issue involving ACAP were opened for two corporations by an individual named VB, the only contact named on both accounts, yet ACAP allegedly permitted her husband, JMB, to execute control over both accounts, according to the aforementioned Complaint being examined by attorneys Joe Peiffer and Alan Rosca.

ACAP allegedly failed, in the face of red flags, to conduct an investigation into JMB, failing to discover JMB’s significant securities-related disciplinary history, which included purportedly being barred by the NASD and being barred by the SEC from participating in penny stock offerings, the Complaint reports.

The corporations named in the Complaint include the following:

-Mindpix Corporation (MPIX)

-eMax Media Inc.

-Unified Corp.

-eMax Worldwide, Inc.

-TDEY (the symbol for 3D Entertainment Holdings Inc.)

-PRPM (the symbol for ProTek Capital, Inc.)

-CGRA (the symbol for CGrowth Capital Inc.)

-Tranzbyte Corporation.

-Wellness USA

-Mainstreet Entertainment, Inc.

-Amarantus Bioscience Inc

-Water Technologies Inc

-Tactical Air Defense Services, Inc

-TurkPower Corporation

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of brokers allegedly facilitating the liquidation of shares of unregistered microcap stocks, and are currently investigating ACAP Financial Inc.’s alleged liquidation of 3.3 billion shares of unregistered microcap stocks. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of ACAP Financial Inc.’s alleged liquidation of 3.3 billion shares of unregistered microcap stocks are encouraged to contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free no-obligation evaluation of their recovery options, at 888-998-0520.

Alan Rosca (1168 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.