Alan Rosca

Anthony Davian Used Flashy Social Media, Gentile Ohio Locale to Solicit Investors; Ultimately Davian Capital Allegedly Pilfered $1.78 million from Investors

In July 2008, Anthony Davian, of Copley, Ohio, formed Davian Capital Advisers, LLC, and allegedly claimed to have $5 million under management, according to a Complaint filed by the SEC. The Complaint further alleges that soon afterward, Davian allegedly created seven limited partnerships as private investment funds managed by Davian Capital, including LP II, RC… Read more »

Jo Ellen Fisher Allegedly Fleeced $1.5 Million from Dementia Victim

Jo Ellen Fisher, of Gallipolis, Ohio, and formerly of Raymond James Financial Services (RJFS), swindled a 95-year-old West Virginia nursing home resident, Edward Martin, suffering from dementia, and RJFS is seeking s to recoup its losses of about $835,000 from Fisher, a FINRA Department of Enforcement complaint alleges. In July 2014, RJFS reportedly even went… Read more »

Eight Individuals, Including Two in North-East Ohio, Face SEC Charges for Roles in Extensive Microcap Pump-and-Dump Scheme

The Securities and Exchange Commission charged a clique of eight persons for their roles in an alleged pump-and-dump scheme involving a California-based penny stock company which has repeatedly changed its name and professed lines of business over the past several years. Izak Zirk de Maison was the architect of the scheme, the SEC alleges, but… Read more »

Christopher J. McKenna Engaged in Two Private Securities Transactions Without Prior Written Approval from Financial America, FINRA alleges

Christopher J. McKenna, of Cleveland, Ohio, engaged in two private securities transactions without prior written authorization from Financial America, a FINRA Letter of Acceptance, Waiver and Consent (AWC) alleges. McKenna, along with Paul Carleton, sold at least $300,000 in Private Offerings. On June 11, 2010, a McKenna customer executed a subscription agreement to purchase $200,000 of the Private Offering,… Read more »

Paul Carleton Engaged in Private Securities Transaction without Prior Written Authorization from Financial America, FINRA’s Alleges

In May 2010, Paul Carleton, a Cleveland, Ohio registered representative of Financial America Securities, Inc., participated in one securities transaction. On May 19, 2010, a Carleton customer executed a subscription agreement to purchase $500,000 of this Private Offering, FINRA’s Department of Enforcement reports. Carleton triggered this purchase by forwarding the agreement directly to the issuer, but… Read more »

Carmen Occhipinti Pleads Guilty to Defrauding Investors Out of More Than $1 Million

Carmen Occhipinti pled guilty to a 17-count indictment relating to allegations that Occhipinti defrauded investors out of more than $1 million. The Peiffer Rosca Cleveland investment fraud lawyers Alan Rosca and James Booker are investigating the matter. Occhipinti Accused of Misleading Investors Regarding Their Investments with His Granite Businesses Occhipinti maintained offices in Mentor, Ohio… Read more »

William J. Manby Jr. Allegedly Causes Company To Act As Unregistered Broker-Dealer

William J. Manby Jr., an investment professional in Cleveland, OH, was accused of causing his company, Acquire Wealth Advisory Group, LLC (“AWAG”), to act as an unregistered broker-dealer as well as of preparing and distributing sales literature regarding securities offerings sold by AWAG that contained exaggerated and inadequate information, as per the FINRA report. The… Read more »