Keystone Capital Partners, Inc.— Allegedly Defrauding Federal Employees

Former LPL Brokers, under the Banner of an Entity Called Keystone Capital Partners, Allegedly Defrauded 200 Federal Employees by Purportedly Rolling over $40 Million of Pension Funds into Expense Annuities, the SEC Reports

Between approximately March 2012 and November 2014, an entity known as Keystone Capital Partners’ allegedly fraudulently induced federal employees to rollover significant funds from their federal retirement accounts, referred to as Thrift Savings Plan (TSP) accounts, into variable annuity products, according to an SEC Complaint currently under review by attorneys Alan Rosca and James Booker.

Peiffer Rosca Wolf securities practice lawyers are investigating Keystone Capital Partners’ alleged fraud scheme concerning federal employees.

Investors who believe they may have lost money in activity related to Keystone Capital Partners’ alleged fraud scheme concerning federal employees are encouraged to contact attorneys Alan Rosca or James Booker with any useful information or for a free, no obligation discussion about their options.

Christopher Laws, Jonathan Cooke, Danny Hood, and Brandon Long allegedly ran the aforementioned scheme under the banner of an entity called Keystone Capital Partners, Inc., according to the aforementioned Complaint.

The SEC further alleges that the Keystone Capital Partners were allegedly inspired by the prospect of high commissions associated with the variable annuities, the Complaint reports.

Laws, Cooke, Hood, and Long allegedly targeted federal employees, age 59 1/2 and over, who had significant TSP account holdings that could be rolled over on a tax-free basis into variable annuities held in qualified plans at annuity carriers, the Complaint states.

Keystone Capital Partners Allegedly Misled Federal Employees into Believing that they were Affiliated or Approved by the Federal Government

Christopher Laws, Jonathan Cooke, Danny Hood, and Brandon Long allegedly implemented several tactics calculated to mislead federal employees into believing that they and their recommended investment (the aforementioned variable annuity) were purportedly linked with or approved by the federal government, according to the aforementioned Complaint being reviewed by attorneys Alan Rosca and James Booker.

Laws, Cooke, Hood, and Long, the aforementioned Representatives, whom allegedly had no connection to the TSP, by allegedly recommending this investment, purportedly made misleading comparisons between their recommended investment and the life annuity offered through the TSP by omitting key information or falsely describing the actual fee structure and surrender fees related to their recommended investment, the Complaint notes.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of investment-related fraud or misconduct and are currently investigating Keystone Capital Partners’ alleged fraud scheme concerning federal employees. 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 Keystone Capital Partners’ alleged fraud scheme concerning federal employees 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 (1247 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.