Steele Financial Inc. and its sole owner Tamara Steele allegedly sold approximately $13 million of high-risk securities to more than 120 advisory clients, according to SEC Reports under review by investor rights attorney Alan Rosca.
Alan Rosca, of the Goldman Scarlato & Penny PC law firm, is investigating activity related to Steele Financial Inc. and its sole owner Tamara Steele’s alleged investment fraud scam. Investors who believe they may have lost money in activity related to Steele Financial Inc. and its sole owner Tamara Steele are encouraged to contact attorney Alan Rosca with any useful information or for a free, no obligation discussion about their options.
A number of said client are current or former teachers or other workers in public education, the SEC notes. Said investments were also allegedly made without disclosing that the firm and its owner stood to receive commissions of up to 18 percent from the sales, the SEC reports.
Steele Financial Inc. and Tamara Steele, from December 2012 to October 2016, allegedly sold advisory clients and other investors more than $15 million of the securities of Behavioral Recognition Systems Inc. (BRS), according to aforementioned SEC Reports under review by investor rights attorney Alan Rosca.
In sum, Steele and Steele Financial reportedly received commissions of cash and warrants from BRS worth over $2.5 million, the SEC notes.
Steele and Steele Financial allegedly targeted their own advisory clients who generally did not invest in individual stocks, selling over 120 clients approximately $13 million of BRS securities without reportedly informing them that they were receiving commissions from BRS, the SEC reports.
Steele and Steele Financial also allegedly created false invoices and took other steps to hide their involvement selling BRS securities, the SEC states.
BRS is reportedly a private company previously charged with fraud by the SEC.
The Goldman Scarlato & Penny PC law firm represents investors who lose money as a result of investment-related fraud or misconduct and are currently investigating Steele Financial Inc. and its sole owner Tamara Steele’s alleged investment fraud scam. 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 Steele Financial Inc. and its sole owner Tamara Steele’s alleged investment fraud scam may contact attorney Alan Rosca for a free no-obligation evaluation of their recovery options, at 888-998-0530, via email at email@example.com, or through the contact form on this webpage.