ATTENTION INVESTORS IN TRUNCATUS HOLDINGS QP, LLC A/K/A BOTTLENOSE AND ADVANTAGENE, INC.
Chicago, Illinois
Midlothian Illinois
Israels & Neuman, PLC is continuing its investigation into the sales practices of former National Securities broker Leonard McAbee (a/k/a Len McAbee). Our law firm believes that Mr. McAbee may have been involved in selling investments in Truncatus Holdings QP, LLC a/k/a Bottlenose and Advantagene, Inc., while employed at National Securities.
Len McAbee’s BrokerCheck report shows that he has been involved or referenced in numerous arbitration proceedings including proceedings that allege misrepresentations and omissions in the sale of securities, unsuitable investment recommendations, breach of fiduciary duty, and unauthorized trading. Many of these cases have resulted in substantial settlements.
If Truncatus Holdings QP, LLC a/k/a Bottlenose and/or Advantagene, Inc. were sold to McAbee’s clients, while at National Securities, National Securities could be liable for associated investment losses. Brokerage firms like National Securities have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms 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; Phoenix, Arizona; Seattle, Washington; and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states. Our attorneys have recovered millions of dollars for investors against many brokerage firms in the past, including National Securities.