Securities Lawyers Blog
The attorneys at Gana Weinstein LLP are looking into potential actions to help investors ensnared in the 1st Global Capital LLC (1st Global Capital) investment fraud scheme. According documents filed by The Securities and Exchange Commission’s (SEC) it appears that some of the victims were brought to 1st Global by brokers who formerly worked for Taylor Capital Management (Taylor Capital). These advisors include James Heafner (Heafner) and Trae Wieniewitz (Wieniewitz). Heafner operated out of a d/b/a company called Heafner Financial Solutions, Inc.
In August 2018 Heafner’s employer terminated him alleging that he failed to follow written policies concerning the firm’s outside business activities. In addition, Heafner has three customer complaints alleging that the clients lost funds in the now defunct 1st Global Capital scheme.
As revealed in court documents and the complaint filed by SEC – 1st Global Capital engaged in a four year unregistered securities offering overseen by Carl Ruderman (Ruderman) – also charged. The SEC has alleged that more than 3,400 investors nationwide have been caught in the company’s $287 million fraud.