If you have suffered losses investing in Overtime Sports Southwest, LLC, CALL (860) 920-5181 for a FREE Consultation regarding your investment loss recovery options.
The Connecticut Department of Securities recently initiated a cease-and-desist order against two individuals for their promotion of promissory notes in Overtime Sports Southwest, LLC - which allegedly was in the business of promoting college athletic events. According to this order, various promoters (including stockbrokers) sold at least $1.9 million of dollars in promissory notes in these investments to investors across the country. Upon information and belief, these securities were not registered with any state or federal securities regulator.
Fortunately for those investors who purchased Overtime Sports Southwest, LLC, they may be able to recover their investment losses through FINRA arbitration or securities litigation. In the securities industry, when a stockbroker sells investments that are not approved by the brokerage firm they are registered with, they are engaged in a type of misconduct that is called “selling away”. However, because brokerage firms have a regulatory duty to supervise its stockbrokers and the securities transactions they enter into, brokerage firms may be held liable for “selling away” if investors suffer losses in unapproved investments.
Moreover, as securities that are sold to investors need to be registered with the SEC or exempt from registration, investors may have recovery options directly against the promoters of unregistered investments that were sold to them.
If you are have suffered losses in Overtime Sports Southwest, LLC, you may be able to recover your though FINRA arbitration or securities litigation. Please call Kons Law Firm at (860) 920-5181 for a FREE, NO OBLIGATION consultation to discuss your investment loss recovery options.
Kons Law Firm represents investors nationwide in securities arbitration and litigation matters. To learn more about the Firm’s securities litigation and FINRA arbitration practice, please visit www.investmentfraudattorneys.com.
