Markel Newton– Private Placement Offerings
Markel Newton Allegedly Participated in Three Private Placement Offerings Involving Purported Negligent Misrepresentations and Omissions
Markel Newton allegedly participated in three private placement offerings involving purported negligent misrepresentations and omissions, according to a FINRA Letter of Acceptance, Waiver and Consent (AWC) currently under review by attorneys Alan Rosca and James Booker.
Newton, from 2009 through 2013, allegedly failed to disclose a judgment in each of the offerings, the AWC further notes. For example, in 2012 a judgment was entered against Newton for $1,903,231.86 in a case for alleged breach of defendants’ obligation to repay lines of credit with the bank, the AWC also reports.
The Peiffer Rosca Wolf securities lawyers are investigating on behalf of investors in the aforementioned private placements and are preparing to take action.
Markel Newton Allegedly Made Misrepresentations to Sellers Regarding Cash in Earnest and also Allegedly Conducted Certain Activities without the Necessary Real Estate License
Markel Newton allegedly made misrepresentations to sellers regarding earnest money and also allegedly took part in various activities which required a real estate license, according to the aforementioned AWC presently under review by attorneys Alan Rosca and James Booker.
Newton, for example, allegedly prematurely released escrow funds before getting to the minimum contingency, the AWC reports.
Finally, in another offering Newton allegedly failed to meet the minimum contingency through bona fide sales in another offering, the AWC also notes.
Securities Lawyers Investigating
The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged private placement offerings and are currently investigating Markel Newton’s alleged participation in three private placement offerings involving purported negligent misrepresentations and omissions. They are looking into the case on behalf of investors in the aforementioned private placements and are preparing to take action.
Investors who believe they lost money as a result of Markel Newton’s alleged participation in three private placement offerings involving purported negligent misrepresentations and omissions 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.