James E. Poe Improperly Moonlit for Two Hedge Funds: Global Fund and Value Added Fund, Allegedly
From May 2010 to October 2012, James E. Poe allegedly served as the executive officer, investment advisor, and managing partner of the general partner of two hedge funds, executed securities transactions on behalf of said funds, and received generous remuneration compensation from them, according to a FINRA Letter of Acceptance, Waiver and Consent (AWC) currently being reviewed by attorneys Alan Rosca and Joe Peiffer.
The Peiffer Rosca Wolf investor rights lawyers are currently investigating Poe, of Fort Worth, Texas, who, according to the AWC, allegedly failed to provide prior written notice to, or receive written acknowledgment from, his member firm regarding his roles, his planned participation, or his expected compensation.
As a result, FINRA claims that Poe reportedly violated NASD and FINRA Rules resulting in a suspension from the financial industry for two years and fine of $775,000, the AWC reports.
In addition, FINRA alleges that Poe formed and sold interests in two life settlements through a company called Senior Retirement Planners, LLC, and that Poe, whom entered the securities industry in 2006, raised approximately $2.25 million from 22 investments in two separate life settlements from July 2011 to October 2012 while he was registered with Fox.
Poe reportedly did not disclose these business activities to Fox, despite receiving compensation for his role in soliciting investors to purchase interests in the life settlements, the AWC notes.
Investment Fraud Lawyers Investigating
The Peiffer Rosca Wolf investment fraud lawyers often represent investors who lose money as a result of investment fraud, or stockbroker misconduct. They are currently investigating Poe, and the possibility of assisting victims with the recovery of their losses. 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 Poe’s alleged misconduct may contact the investment fraud lawyers at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 888-998-0520.
Broker: James E. Poe
Status: INVESTIGATED by Peiffer Rosca.
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