Marc W. Evans Fined for Allegedly Selling $3 Million of Global Safety Labs and Approximately $5 Million in Eleven Limited Partnerships

stockbroker fraud attorney

The Peiffer Wolf Carr & Kane investment recovery lawyers are currently investigating Marc W. Evans, who, between October 1, 2006 and October 11, 2012, allegedly participated in private securities transactions for compensation without prior approval from his member firm, according to a FINRA Letter of Acceptance, Waiver and Consent (AWC) currently under review by attorneys Jason Kane and Joe Peiffer.

During the aforementioned time period, Evans allegedly introduced 11 of his brokerage clients to Global Safety Labs, Inc. (GSL), a Tulsa, Oklahoma-based company that develops and manufactures fire-retardant/retardation products as a potential investment, the AWC further alleges.

In addition, the eleven clients, all reportedly high net worth individuals and entities, ultimately invested a combined total of $3,430,000 in GSL stock shares, with Evans receiving commissions totaling $79,500 from GSL as a result of said sales, according to a FINRA Letter of Acceptance, Waiver and Consent (AWC) presently being reviewed by attorneys Jason Kane and Joe Peiffer.

Evans Allegedly Solicited Sales of Limited-partnership Interests in Eleven Real-estate Limited Partnerships to 15 High-net Worth Individuals and Entities

What is more, between April 13, 2007 and October 11, 2012, Evans allegedly solicited sales of limited-partnership interests in eleven real-estate limited partnerships to fifteen high-net worth individuals and entities, with ten of the fifteen being clients of Evans, according to a FINRA Letter of Acceptance, Waiver and Consent (AWC) presently being reviewed by attorneys Jason Kane and Joe Peiffer.

The sales reportedly totaled $5,705,250, and Evans, who put his money where his mouth was and invested $500,000 in GSL, allegedly received commission payments totaling $56,572 for the sales, the AWC also notes.

Investment Recovery Lawyers Investigating

The Peiffer Wolf Carr & Kane investment recovery attorneys often represent investors who lose money as a result of investment misconduct, and are currently investigating Marc W. Evans and his reported sales of GSL. 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.

Any investor who believes they lost money as a result of alleged investment misconduct, or the alleged misappropriation committed by Marc W. Evans and his alleged involvement in sales of GSL, may contact the investment rights attorneys at Peiffer Wolf Carr & Kane, Jason Kane or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at (585) 310-5140.

Broker: Marc W. Evans

Status: INVESTIGATED by Peiffer Rosca.

For brokercheck report and additional info click here!

Peiffer Wolf (1253 Posts)

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.