ARI and William Brian Candler—Failure to Conduct Reasonable Due Diligence, Ponzi Scheme

investment fraud attorneysARI and William Brian Candler Allegedly Failed to Conduct Reasonable Due Diligence Regarding a Private Placement that the Firm Sold Directly to Retail Investors

ARI and William Brian Candler allegedly failed to conduct reasonable due diligence regarding a private placement that the firm sold directly to retail investors, according to a Complaint from FINRA’s Department of Enforcement currently under review by attorneys Alan Rosca and James Booker.

The aforementioned offering promoted by ARI and William Brian Candler was allegedly later discovered to be a Ponzi scheme and customers who purchased interests in it purportedly lost their collective investment principal of approximately $560,000, the aforementioned Complaint reports.

The Peiffer Rosca Wolf securities lawyers are currently investigating ARI and William Brian Candler’s alleged failure to conduct reasonable due diligence.

ARI Allegedly Recommended and Sold Interests in a Real Estate-based Private Placement Bridgeport Oaks Fund LLC, Which Was an Alleged Ponzi Scheme; ARI Censured and Fined $7,500 and William Brian Candler Censured, Suspended and Fined $2,500 by FINRA

William Brian Candler allegedly provided medallion signature guarantees for multiple pre-signed securities assignment forms without first having the forms signed in his presence or otherwise verifying their authenticity, according to the aforementioned Complaint being examined by attorneys Alan Rosca and James Booker.

ARI allegedly recommended and sold interests in a real estate-based private placement called the Bridgeport Oaks Fund LLC, the Complaint alleges. Bridgeport Oaks purportedly turned out to be a Ponzi scheme, and was directly to at least seven ARI customers which lost up to $560,000, the Complaint notes.

As a result of the aforementioned behavior, ARI and William Brian Candler allegedly violated NASD and FINRA Rules, and hence, and ARI has been censured and fined $7,500 and William Brian Candler has been suspended and fined $2,500 by FINRA, the Complaint reports.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged Ponzi schemes and are currently investigating ARI and William Brian Candler alleged failure to conduct reasonable due diligence regarding a private placement.  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 ARI and William Brian Candler alleged failure to conduct reasonable due diligence regarding a private placement are encouraged to contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520.

Alan Rosca (1144 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.