Dennis Edmonds—Sale of International Asset Protection Trust without Proper Written Notice

investment fraud attorney ClevelandDennis Anthony Edmonds Allegedly Participated in the Sale of International Asset Protection Trusts without Giving J.P. Turner & Company, L.L.C. Prior Written Notice of his Participation and without Having Obtained Approval to Sell the Product

Dennis Edmonds, between 2004 and 2008, allegedly participated in the sale of international asset protection trusts without giving Packerland Brokerage Services, Inc. and J.P. Turner & Company, L.L.C. proper prior written notice of his participation, according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC) currently under review by attorneys Alan Rosca and James Booker.

The AWC also notes that Dennis Anthony Edmonds also allegedly failed to have obtained approval to sell the aforementioned product.

In at least December 2004, Edmonds allegedly began recommending international asset protection trusts to his clients through a marketing firm named Foster & Dunhill, the AWC reports.

The so-called international asset protection trusts were established by individuals and the owner of the trust typically placed an insurance policy in the trust as its corpus, the AWC states.

The Peiffer Rosca Wolf securities lawyers are currently investigating Dennis Anthony Edmonds’ alleged participation in the sale of international asset protection trusts.

Dennis Anthony Edmonds Allegedly Participated in the Creation of Asset Protection Trusts for Five Individuals, Two while Associated with Packerland and Three with J.P. Turner

Edmonds, from January 2005 to January 2008, allegedly participated in the creation of asset protection trusts for five individuals, two while he was associated with Packerland and three while he was associated with J.P. Turner, according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC) presently being examined by attorneys Alan Rosca and James Booker.

Edmonds allegedly directed that the funds in the trusts be invested in securities in the medium of a foreign investment called Private International Wealth Management, the AWC reports.

The so-called international asset protection trusts were never approved as a product that could be sold by Packerland or J.P. Turner registered representatives and Edmonds alleged participation in the trusts and the investments made in them were not reviewed or supervised by either firm, the AWC states.

As a result of the aforementioned behavior, Edmonds allegedly violated NASD and FINRA Rules and therefore has been suspended for eleven months and barred by FINRA in any and all capacities, the AWC reports.

One should also note that, according to the AWC, Dennis Edmonds neither admitted nor denied the FINRA findings.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged unauthorized sales of securities and ate investigating Dennis Edmonds’ alleged participation in the sale of international asset protection trusts. 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 Dennis Edmonds’ alleged participation in the sale of international asset protection trusts may 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 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com.

Alan Rosca (1123 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.