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