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THE WORST BUSINESS CEOS IN AMERICA

Mired in financial and legal trouble, Talos Partners CEO, Robert V. Brazell tops our list

NEWS TO HELP INVESTORS AVOID TAKING A BEATING

TOP INVESTOR THREAT CONTINUES TO BE FRAUDULENT PRIVATE PLACEMENT OFFERINGS

Fraudulent private placement offerings continue to rank as the most common product or scheme leading to investigations and enforcement actions by state securities regulators. These offerings commonly are referred to as Reg D/Rule 506 offerings, named for the exemption in federal securities laws that allows private placements to be sold to investors without registration. By definition these are limited investment offerings that are highly illiquid, generally lack transparency and have little regulatory oversight. While Reg D/Rule 506 offerings are used by many legitimate companies to raise capital, they carry high risk and may not be suitable for many individual investors.

 

With the passage of the JOBS Act and recent adoption of rules implementing certain aspects of the Act, restrictions on how Reg D/Rule 506 offerings can be marketed to the general public have been relaxed, including the lifting of an 80‐year ban on general solicitations (advertising). Investors soon will begin to see advertisements for private placement offerings on a variety of platforms including social media, billboards, or t‐shirts on window washers as one startup has proposed, even though only a very small percentage of the population will be eligible to invest. And, as is often the case, scam artists are likely to use this legally permissible avenue to their advantage leading, no doubt, to another year of Rule 506 offerings holding the top spot as the most frequent source of state securities enforcement actions.

 

The IBN Investor Fraud Lawsuit

One of the many complaints in the IBN Fraud Lawsuit brought by over 30 investors, trusts, and groups against Robert V. Brazell, Von H. Whitby, and former Senator Robert Kasten and others, is the manner in which funds were invested, where their interests were held and ultimately what investors actually received for their monies. Download the complaint for more information.

 

See additional investor threats here.

TOP STORIES

Forbes says a CEO should above all protect investor share value

Robert V. Brazell tops our list of small business CEOs that fails time and again to provide returns, while living high off investor's money. Now mired in legal and financial trouble, the truth about Rob Brazell is finally reaching the market where potential investors can make better and more informed decisions before putting their money at risk.

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