Nationwide Penny Stock Fraud

ChapmanAlbin represented two groups of investors from Ohio in separate FINRA arbitration claims that were filed against two brokerage firms who were alleged to have failed to supervise their respective registered representatives’ participation in a nationwide penny stock fraud scheme.  The brokers who were alleged to have participated in the penny stock fraud scheme were indicted by the United States Department of Justice and charged civilly by the United States Securities and Exchange Commission (SEC).  ChapmanAlbin attorneys successfully negotiated settlement of all claims in both cases which in the aggregate total more than a million dollars being recovered for the victims of the penny stock fraud.

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