Brett Ian Friedberg— Recommendation of Securities to Customers Lacking Reasonable Basis

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investors rights attorneysBrett Ian Friedberg Allegedly Recommended Purchasing Metals, Milling & Mining LLC (MMM) to His Customers; Said Recommendations Lacked Reasonable Basis and Ten Customers Allegedly Lost Their Entire Investment Totaling $600,000

Brett Ian Friedberg allegedly made unsuitable recommendations that his customers purchase shares of Metals, Milling & Mining LLC (MMM), according to a recent Complaint from FINRA’s Department of Enforcement currently under review by attorneys Jason Kane and Joe Peiffer.

Said recommendation was allegedly unsuitable as Brett Ian Friedberg purportedly told his customers, who lost up to $600,000, that the notes were collateralized by barrels of ore concentrate whose value was sufficient to secure the notes, which was an allegedly false representation, the Complaint notes.

The Peiffer Wolf securities lawyers are currently investigating the sales of MMM to investors, but it should be noted that no allegations are being made as to MMM.

Metals, Milling & Mining LLC MMM Was Allegedly Neither legitimate nor Viable, and Did not Actually Own any Ore Concentrate, and the Ore that was Purportedly Meant to Secure the Investment Was Worthless According to FINRA’s Allegations; Friedberg Barred by FINRA

Freidberg’s offering of Metals, Milling & Mining LLC was, in fact, “a scam” as MMM was neither legitimate nor viable, and it did not own any ore concentrate, according to the aforementioned Complaint from FINRA’s Department of Enforcement presently being reviewed by attorneys Jason Kane and Joe Peiffer.

Moreover, the Complaint notes, the ore concentrate that purportedly secured the investment was nearly worthless, and, in the end, Friedberg’s customers lost their entire investment totaling $600,000.

Based on this conduct, the Department of Enforcement brought a disciplinary action against Friedberg charging him with violating FINRA’s suitability rule by failing to perform sufficient due diligence before recommending the investment to his customers.

Securities Lawyers Investigating

The Peiffer Wolf securities lawyers are currently investigating Brett Ian Friedberg’s alleged unsuitable  recommendations of  Metals, Milling & Mining, LLC, but it should be noted that no allegations are being made as to MMM. 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.

The Peiffer Wolf securities lawyers are currently investigating Brett Ian Friedberg’s alleged unsuitable  recommendations of  Metals, Milling & Mining, LLC. Investors who believe they lost money as a result of any of the aforementioned investment scheme 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.

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