Legal Question in Investment Law in Ohio

investment law

I gave $160,000.00 to a financial adviser,I have the reciets,to invest in a steel manufacturing bussiness,which is a LLC.This was suppose to be a three year deal and I was to be payed 12% interest every month.For the first six years they paid me a 1015 dollars a month and then quit about three years ago.Ever sense I have been given the brush off.What I need to know is can I sue the corporation,I was told i couldn't?Can I sue the financial Adviser whom I gave the money to?Can I get my money back w/wo my remaining interest?What kind of lawyer do I need?

5


Asked on 1/19/07, 5:05 pm

1 Answer from Attorneys
Phil Sever The Sever Law Firm

Re: investment law

This sounds like a ponzi scheme or unregistered securities case. In both of these situations you may bring an action for the unregistered sale of a security against the broker. More importantly the firm that the broker works for may be held liable under Ohio securities law if it failed to properly supervise the broker. Ohio law also allows the award of attorney fees, costs and interest for the unregistered sale of a security. My firm handles many of these cases every year throughout the country. If you would like to find out more please view my website at www.severlaw.com. Feel free to contact me at your convenience if you would like additional information or a telephone consultation.

Read more
Answered on 1/24/07, 10:55 am


Related Questions & Answers

More Investment Law questions and answers in Ohio