Aspen University– Sales of Aspen stock by some investment professionals
Peiffer Wolf Securities Lawyers Investigating Sales of Aspen University, a Private For-profit Entity Specializing in Post-secondary Online Education, by Some Investment Professionals
The Peiffer Wolf securities lawyers are in investigating sales of Aspen University stock by some investment professionals.
Aspen University was a private for-profit entity specializing in post-secondary online education, and was acquired by Higher Education Management Group, Inc. in 2003. Aspen University, as of 2010, had approximately 100 shareholders.
Furthermore, in May of 2011, Aspen University merged with Education Growth Corp., a privately-held company, with Aspen remaining as the surviving entity.
A Publicly-traded “Penny Stock” Shell Company Called Aspen Group Inc. (Formerly Known as Elite Nutritional Brands Inc.) Allegedly Acquired Aspen University via a Reverse merger Transaction for $209.2 Million in Stock
Aspen Group Inc. (formerly known as Elite Nutritional Brands Inc.), a publicly-traded ‘*penny stock” shell company, acquired Aspen in March of 2012 via a reverse merger transaction for $209.2 million in stock, according to a recent Complaint from FINRA’s Department of Enforcement.
It is important to note that no allegation of impropriety or misconduct is being made as to Aspen or its affiliates.
Securities Lawyers Investigating
The Peiffer Wolf securities lawyers often represent investors who lose money as a result of the alleged sales of stock by some investment professionals and are currently investigating the sales of Aspen University stock by some investment professionals. 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 the sales of Aspen University stock by some investment professionals may contact the securities lawyers at Peiffer Wolf, Jason Kane or Joe Peiffer, for a free no-obligation evaluation of their recovery options, at 585-310-5140.