WARNING! Impending Investigation–THOMPSON NATIONAL PROPERTIES and TNP SECURITIES
Thompson National Properties and TNP Securities
Have you lost money with in investments with Thompson National Properties and TNP Securities? We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against TNP Securities and Thompson National Properties former CEO Anthony Warren Thompson. This week, Thompson was barred from the securities industry by FINRA, regarding allegations that he misrepresented the risks of notes that Thompson National Properties and TNP Securities sold.
TNP Securities was a wholesale brokerage firm. It promoted and sold a number of private placements between 2008 and 2012, including TNP 12% Notes Program, TNP 2008 Participating Notes Program, and TNP Profit Participation Notes Program. Through these three programs, TNP Securities raised over $50 million in investor funds.
FINRA alleged that Anthony Thompson failed to accurately disclose the risks of these investments. The investments were in a rapidly deteriorating financial condition, yet this was not disclosed to investors. TNP suffered losses of $8 million from February to December 2008, another $25 million in losses during 2009, and more losses during 2010 and 2011. Yet, FINRA alleges that this was not disclosed to investors, and TNP continued to raise money.
A number of financial advisors recommended that their clients invest in TNP 12% Notes Program, TNP 2008 Participating Notes Program, and TNP Profit Participation Notes Program. If your financial advisor recommended these investments to you, and these investments were not suitable for you considering your risk tolerance, investment objectives, net worth, age, etc., then you may be able to bring claims against your financial advisor and brokerage firm.
Our attorneys have represented over one thousand investors who have been defrauded by their financial advisor or stockbroker. While we have offices in Denver and the Seattle area, we have also previously represented clients throughout the country, and we currently represent clients who lost money in the TNP investments. If you have lost money in TNP 12% Notes Program, TNP 2008 Participating Notes Program, and TNP Profit Participation Notes Program, and want to hear about ALL legal options, please visit https://www.israelsneuman.com and go to our CONTACT page or call us at 720-599-3505.
Click to view: Thompson FINRA AWC
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