WARNING! Brian Pebley and Rainmaker Securities LLC
We are currently investigating allegations made against Brian Pebley, a financial advisor from Johnstown, Colorado who previously worked with Rainmaker Securities, LLC. The Illinois Securities Department brought a regulatory complaint against Mr. Pebley making various allegations, including that Pebley sold notes in a company called Ten X Holdings LLC.
According the Illinois Securities Department complaint, during 2010, Brian Pebley solicited at least one Illinois investor, and possibly three others, to invest money in Ten X Holdings LLC. However, the notes for Ten X Holdings have stopped paying interest, and investors may have lost money.
In a separate but related action, the Illinois Securities Department also brought a complaint against Rainmaker Securities and the manager and President of Ten X, Richard Beston (who also was previously affiliated with Rainmaker Securities). To settle these allegations, Rainmaker Securities agreed to pay a $25,000 fine and $1,000 for costs of the investigation.
Brian Pebley was a registered representative and financial advisor Rainmaker Securities LLC from January 2010 to July 2010. He worked at a branch office in Lakewood, Colorado and lives in Johnstown, Colorado.
Broker-dealers like Rainmaker Securities have a responsibility to adequately supervise all representatives who are registered through their firm, including investments sold by their registered representatives. Broker-dealers also must take steps to ensure that their financial advisors follow all securities rules and regulations When broker-dealers fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado, Ann Arbor, Michigan, Chicago, Illinois, and the Seattle and Portland area. We represent investors in FINRA arbitration proceedings in all 50 states, including investors throughout Illinois. Both of our attorneys are licensed to practice law in Illinois. Our attorneys have represented over one thousand investors against many brokerage firms in the past.
Click to view: Rainmaker IL Order
Click to view: Pebley IL Complaint
Click to view: Pebley BrokerCheck 9.16.16
HAVE YOU LOST MONEY WITH BRIAN PEBLEY OR RAINMAKER SECURITIES?
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Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency. Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency. All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact. This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice. Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis. In contingent representation, clients may still be liable for costs.