Stock Attorneys Blog

Blum & Silver, LLP has commenced an investigation into the activities of Mark E. Imbertson, a former stockbroker at Merrill Lynch. Mark E. Imbertson, who was based in West Palm Beach, Florida, was fired by Merrill Lynch in March 2011 for sales practice violations after receiving over 20 complaints from his customers while he was employed by the firm.

Chief among the complaints against Imbertson were allegations of unsuitable investments, failure to follow customer instructions, unauthorized trading, and misrepresentation. Imbertson, who began his career as a financial advisor at Merrill Lynch in 1998, created investment and business strategies that catered to affluent investors.

Continue reading "Blum & Silver, LLP Investigates Former Merrill Lynch Stockbroker Mark E. Imbertson" »

The Law Offices of Blum & Silver, LLP is currently investigating the LaeRoc Funds, including the Laeroc 2002 Income Fund LP, Laeroc 2004-2005 Income Fund LP, Laeroc 2005-2006 Income Fund LP, Laeroc Edge Fund LP and Laeroc Income Fund 007, LP.

The Laeroc funds are real estate private placements (under Regulation D) that were sold by brokerage firms like LPL Financial LLC and Commonwealth Financial Network. According to its website, Laeroc Funds is a real estate investment firm managing over $650 million in assets in the last 23 years and has created 14 funds. The Company focuses on income producing properties in the western US with a concentration in southern California.

Many of the Laeroc funds have suffered substantial declines in value. Laeroc 2002 Income Fund, L.P. recently announced the dissolution of the fund to its investors. While the Laeroc 2005-2006 Income Fund LP is currently attempting to raise another $11 million to $14.5 million to pay off at least $49 million of debt. This fund recently issued a cash call to investors, asking investors to contribute additional money for preferred partnership status.

Continue reading "Blum & Silver, LLP Announces its Investigation of the Laeroc Funds" »