Cobb and Worrell—Private Securities Transactions

schemeCharles Robert Cobb and Curtis Michael Worrell Allegedly Participated in Five Private Securities Transactions

Charles Robert Cobb and Curtis Michael Worrell allegedly participated in five private securities transactions without providing prior notice to their broker-dealer, Madison Avenue Securities, Inc., according to a Complaint from FINRA’s Department of Enforcement currently under review by attorneys Alan Rosca and Joe Peiffer.

Cobb allegedly participated in five private securities transactions totaling $486,168 in sales, from which he received $20,736 in selling compensation, while without providing prior notice to his BD while Worrell allegedly participated in nine private securities transactions totaling $1,179,885 in sales, from which he received $46,492 in selling compensation, according to the Complaint.

In addition, neither man had provided prior written notice to Madison Avenue Securities, Inc., according to the Complaint. The Peiffer Rosca Wolf securities rights lawyers are currently investigating Charles Robert Cobb and Curtis Michael Worrell for allegedly participating in nine private securities.

Charles Robert Cobb and Curtis Michael Worrell Allegedly Participated in selling of Notes from Diversified Lending Group, Inc. and Carr Miller Capital (CMC); CMC Allegedly Ran $40 Million Ponzi Scheme

Both Charles Robert Cobb and Curtis Michael Worrell allegedly both participated in the sale of notes of Diversified Lending Group, Inc and Carr Miller Capital, LLC, according to said Complaint presently being examined by attorneys Alan Rosca and Joe Peiffer.

Diversified Lending Group, Inc (DLG) was a California corporation formed in or about May 2004 that purported to be in the business of acquiring and operating income-producing properties, and Carr Miller Capital, LLC was a New Jersey limited liability company formed in 2006, according to the Complaint.

On December 15, 2010, the New Jersey State Bureau of Securities filed suit against CMC, CMCI, and its three principals for their alleged use of a Ponzi scheme and other methods to defraud investors of over $40 million, according to the Complaint. One should also note that, according to the Complaint, neither Charles Robert Cobb nor Curtis Michael Worrell accepted and consented, without admitting or denying the FINRA findings.

Securities Rights Lawyers Investigating

The Peiffer Rosca Wolf securities rights lawyers often represent investors who lose money as a result of allegedly executing private securities transactions without providing prior notice. They are currently investigating Robert Cobb and Curtis Michael Worrell for allegedly executing private securities transactions without providing prior notice. 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 Robert Cobb and Curtis Michael Worrell for allegedly executing private securities transactions without providing prior notice may contact the securities rights 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 (1206 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.