James Heafner— Alleged Sales of Unregistered Promissory Notes

James Hal Heafner Allegedly Sold Unregistered Promissory Notes Issued by 1st Global Capital, LLC & 1st West Capital, LLC

James Jim Hal Heafner allegedly sold unregistered promissory notes, known as a Memorandum of Indebtedness and issued by 1st Global Capital, LLC, to a Claimant on September 29, 2017, according to a pending Customer Dispute filed on Heafner’s FINRA BrokerCheck Report under review by investor rights attorney Alan Rosca.

TCM Securities, Inc. allegedly failed to supervise said outside business activity, FINRA notes. Heafner was registered with Taylor Capital Management Inc. in Charlotte, North Carolina from March 28, 2011 until January 22, 2018, FINRA states.

The aforementioned dispute was filed on December 12, 2018, FINRA states, and is requesting damages of $268,015.79, FINRA states.

1 Global Capital and 1 West Capital, two lenders to small businesses, reportedly filed for Chapter 11 bankruptcy on July 27, 2018, according to reports from U.S. Bankruptcy Court for the Southern District of Florida.

Prior to said bankruptcy filing, the SEC opened an investigation into the company’s activities related to alleged possible securities laws violations, including the alleged offer and sale of unregistered securities, the alleged sale of securities by unregistered brokers, and by the alleged commission of fraud in connection with the offer, purchase and sale of securities, according to a July 30 filing detailing changes in management at 1 Global in the aftermath of its bankruptcy.

Investor rights attorney Alan Rosca, of theRosca Scarlato LLC law firm, is investigating activity related to James Heafner’s alleged sale of unregistered promissory notes. misrepresentations of facts. Investors who believe they may have lost money in activity related to James Heafner’s alleged sale of unregistered promissory notes are encouraged to contact attorney Alan Rosca with any useful information or for a free, no obligation discussion about their options.

James Hal Heafner Allegedly Made Unsuitable Recommendations Regarding 1st Global Capital

James Hal Heafner allegedly made unsuitable recommendations regarding 1st Global Capital, LLC, an unregistered security, according to a pending Customer Dispute filed on Heafner’s FINRA BrokerCheck Report under review by investor rights attorney Alan Rosca.

Said dispute was filed on November 19, 2018, FINRA states, and is requesting damages of $130,000, FINRA states.

Finally, it is important to note that, as of the date of this article, there has not been a finding of liability as to the complaints mentioned in this article, unless otherwise indicated.

Securities Lawyer Investigating

The Rosca Scarlato LLC law firm represents investors who lose money as a result of investment-related fraud or misconduct and are currently investigating James Heafner’s alleged sale of unregistered promissory notes. The firm takes most cases of this type on a contingency fee basis and advance the case costs, and only gets paid for their fees and costs out of money recovered for clients. Attorney Alan Rosca, a securities lawyer and adjunct professor of securities regulation, and has represented thousands of victimized investors across the country and around the world in cases ranging from arbitrations to class actions.

Investors who believe they lost money as a result of James Heafner’s alleged sale of unregistered promissory notes may contact attorney Alan Rosca for a free no-obligation evaluation of their recovery options, at 888-998-0530, via email at arosca@rscounsel.law, or through the contact form on this webpage.

DISCLAIMER

In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow matters about which we report, and/or to publish subsequent updates regarding various developments that may occur in such matters. Readers are encouraged to conduct their own research regarding any such matters and any developments that may or may not have occurred in such matters. Also, the Brokercheck report linked to some of our blogs is the up-to-date version as of the date of accessing by the reader. The information in our blogs is current as of the date of the drafting of the blog, and given that sometimes certain past complaints may no longer be listed in newer Brokercheck reports, some of the events referenced in some of our blogs may later on be removed from newer Brokercheck reports. Visitors may check the most recent version of each brokercheck report at www.finra.org, and may contact FINRA for the earlier version of the Brokercheck report upon which various blogs may be based.

If you believe you lost money as a result of investment-related fraud or misconduct, please contact our law firm for a free, no-obligation evaluation of your recovery options.

How to contact us?

We can also do a Zoom call to discuss your matter.