Cantone Research Inc., President Anthony Cantone—Investment Fraud
Cantone Research Inc. and its President Anthony Cantone Facing Charges from FINRA over Alleged Misrepresentations Related to Christopher Brogdon and Sales of $8 Million in Promissory Notes
Cantone Research Inc. (CRI) and its President Anthony Cantone are facing charges of alleged misrepresentations related to Christopher Brogdon and sales of $8 million in promissory notes, according to recent FINRA Documents currently under review by attorneys Joe Peiffer and Jason Kane.
Four of the aforementioned five relevant promissory notes have already defaulted, leaving approximately $6 million in losses to investors, FINRA notes. At the same time, FINRA reports, CRI and Cantone received fees, commissions and other payments of more than $1 million.
Christine L. Cantone, CRI’s Chief Compliance Officer is facing charges of alleged fraudulent misconduct, from the same time, and failing to supervise Cantone, FINRA reports. The Peiffer Wolf investor rights lawyers are currently investigating Cantone Research Inc. (CRI) and President Anthony Cantone’s alleged misrepresentations to clients.
CRI and Cantone Allegedly Solicited Investors to Purchase Certificates of Participation (COP)
CRI and Cantone Allegedly solicited investors to purchase Certificates of Participation (COP), and then later, when CRI and Cantone extended certain parts of the COP, CRI, according to recent FINRA Documents currently under review by attorneys Joe Peiffer and Jason Kane.
Additionally, Cantone then allegedly either misrepresented or failed to disclose material information to investors that purportedly should have made it unreasonable to believe in Brogdon’s ability to successfully make the required principal and interest payments, FINRA reports.
FINRA further alleges that, under the terms of the COP sold by Cantone, Brogdon allegedly used investors’ funds to purchase and/or redevelop a nursing home, assisted living facility or other real-estate that he controlled. Finally, FINRA reports that, in return, investors were promised 10 percent interest in addition to the return of their principal.
Investor Rights Lawyers Investigating
The Peiffer Wolf investor rights lawyers often represent investors who lose money as a result of alleged investment fraud and schemes. They are currently investigating Cantone Research Inc. (CRI) and President Anthony Cantone’s alleged misrepresentations to clients. 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 Cantone Research Inc. (CRI) and President Anthony Cantone’s alleged misrepresentations to clients 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.