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Jeffrey Sigman

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Publicly records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on August 16, 2018 indicate that former Colorado-based First Financial Equity Corporation broker/adviser Jeffrey Sigman, who has been named in a pending FINRA investigation, was recently discharged from his former employer in connection to alleged rule violations and is currently not affiliated with any broker-dealer firm. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Sigman (CRD# 1418621).

Jeffrey Sigman has spent 31 years in the securities industry and was most recently registered with First Financial Equity Corporation in Greenwood Village, Colorado (2017-2018). Previous registrations include Neidiger Tucker Bruner in Englewood, Colorado (2001-2016); Owen-Joseph Securities in San Diego, California (1996-2001); Painewebber in Weehawken, New Jersey (1991-1996); Prudential Securities in New York, New York (1988-1991); and EF Hutton & Company (1985-1988). He has passed seven securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on May 13, 1997; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on November 4, 1985; Series 15 (Foreign Currency Options Examination), which he obtained on February 22, 1990; Series 3 (National Commodity Futures Examination), which he obtained on July 2, 1986; Series 7 (General Securities Representative Examination), which he obtained on October 19, 1985; Series 4 (Registered Options Principal Examination), which he obtained on February 16, 2010; and Series 24 (General Securities Principal Examination), which he obtained on April 28, 1998. He is currently not registered with any state or firm.

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Alan Holt

Publicly available records published by the Financial Industry Regulatory Authority (FINRA) and accessed on August 15, 2018 indicate that California-based Ameriprise Financial Services broker/adviser Alan Holt has received resolved or pending customer disputes. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Holt (CRD# 1497129).

Alan Holt has spent 32 years in the securities industry and has been registered with Ameriprise Financial Services in San Diego, California since 2009. Previous registrations include Ameriprise Financial Services in San Diego, California (2009); Citigroup Global Markets in Carlsbad, California (2002-2009); and Morgan Stanley DW in Purchase, New York (1986-2002). He has passed four securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on January 20, 2006; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on May 30, 1986; Series 3 (National Commodity Futures Examination), which he obtained on March 16, 1989; and Series 7 (General Securities Representative Examination), which he obtained on May 17, 1986. He is a registered broker and investment adviser with eleven US states and territories: Arizona, California, Colorado, Hawaii, Illinois, Minnesota, Missouri, Nevada, Texas, Utah, and Washington.

According to his BrokerCheck report, he has received one customer complaint, one pending customer complaint, and two denied customer complaints.

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Cheryl GeorgePublicly available records published by the Financial Industry Regulatory Authority (FINRA) and accessed on August 16, 2018 indicate that former New York-based RBC Capital Markets broker/adviser Cheryl George has been sanctioned by FINRA in connection to alleged rule violations and suspended from acting as a broker. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Ms. George (CRD# 4151720).

Cheryl George has spent 17 years in the securities industry and was most recently registered with RBC Capital Markets in Williamsville, New York (2009-2018). Previous registrations include Morgan Stanley Smith Barney in Williamsville, New York (2009); Citigroup Global Markets in Williamsville, New York (2001-2009); and M&T Securities in Buffalo, New York (2000-2001). She has passed four securities industry examinations: Series 66 (Uniform Combined State Law Examination), which she obtained on December 4, 2007; Series 63 (Uniform Securities Agent State Law Examination), which she obtained on June 19, 2000; Series 7 (General Securities Representative Examination), which she obtained on July 18, 2002; and Series 6 (Investment Company Products/Variable Contracts Representative Examination), which she obtained on May 12, 2000 . She is currently not registered with any state or firm.

According to her BrokerCheck report, Cheryl George has received one FINRA sanction and was recently discharged from her former employer.

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Mitchell KurtzPublicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on August 16, 2018 indicate that former New York-based Henley & Company broker/adviser Mitchell Kurtz, who has received customer complaints, was recently discharged from his former employer in connection to alleged rule violations and is currently not affiliated with any broker-dealer firm. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Kurtz (CRD# 1418621).

Mitchell Kurtz has spent 24 years in the securities industry and was most recently registered with Henley & Company in Roslyn Heights, New York (2010-2018). Previous registrations include Raymond James Financial Services in Roslyn Heights, New York (2006-2009) and AdVest in Hartford, Connecticut (1994-2006). He has passed five securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on July 16, 2003; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on January 31, 1994; Series 7 (General Securities Representative Examination), which he obtained on October 14, 2012; Series 24 (General Securities Principal Examination), which he obtained on March 15, 2006; and Series 4 (Registered Options Principal Examination), which he obtained on May 9, 1997. He is currently not registered with any state or firm.

According to his BrokerCheck report, he has received one FINRA sanction and three customer complaints, and he was recently discharged from his former employer in connection to alleged rule violations.

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Derek SunderlandPublicly available records published by the Financial Industry Regulatory Authority (FINRA) and accessed on August 16, 2018 indicate that former North Dakota-based Questar Capital Corporation broker Derek Sunderland was recently discharged from his former employer in connection to alleged rule violations and is currently not affiliated with any broker-dealer firm. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Sunderland (CRD# 2996941).

Derek Sunderland has spent 19 years in the securities industry and was most recently registered with Questar Capital Corporation in Fargo, North Dakota (2006-2018). He was previously registered with USAllianz Securities in Fargo, North Dakota (1999-2006). He has passed five securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination), which he obtained on January 12, 1999; Series 7 (General Securities Representative Examination), which he obtained on February 8, 2002; Series 6 (Investment Company Products/Variable Contracts Representative Examination), which he obtained on February 5, 1999; Series 24 (General Securities Principal Examination), which he obtained on January 31, 2002; and Series 26 (Investment Company Products/Variable Contracts Principal Examination), which he obtained on March 1, 2000. He is currently not registered with any state or firm.

According to his BrokerCheck report, he was discharged from his former employer in connection to alleged rule violations.

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Devin Wicker

Public records published by the Financial Industry Regulatory Authority (FINRA) and accessed on August 16, 2018 indicate that New York-based JVB Financial Group broker Devin Wicker has been sanctioned by the SEC and named in a pending FINRA complaint. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Wicker (CRD# 4228250).

Devin Wicker has spent 16 years in the securities industry and has been registered with JVB Financial Group in New York, New York since November 2017. Previous registrations include Tribal Capital Markets in Summit, New Jersey (2016-2017); Bonwick Capital Partners in New York, New York (2012-2016); Odeon Capital Group in New York, New York (2010-2012); and Goldman Sachs & Company in New York, New York (2000-2010). He has passed eight securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination), which he obtained on November 13, 2000; Series 87 (Research Analyst Exam – Part II Regulations Module), which he obtained on October 21, 2013; Series 55 (Limited Representative-Equity Trader Exam), which he obtained on May 25, 2011; Series 7 (General Securities Representative Examination), which he obtained on October 23, 2000; Series 4 (Registered Options Principal Examination), which he obtained on June 22, 2011; Series 27 (Financial and Operations Principal Examination), which he obtained on May 3, 2011; Series 53 (Municipal Securities Principal Examination), which he obtained on February 1, 2011; and Series 24 (General Securities Principal Examination), which he obtained on September 17, 2010. He is a registered broker with the state of New York.

According to his BrokerCheck report, Devin Wicker has received one regulatory sanction, one pending customer complaint, and one pending regulatory sanction. He was also discharged from a former employer in connection to alleged rule violations.

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Alex Herrera

Publicly available records published by the Financial Industry Regulatory Authority (FINRA) and accessed on August 16, 2018 indicate that former Florida-based UBS Financial Services broker/adviser Alex Herrera has been sanctioned by FINRA and barred from acting as a broker or otherwise associating with a broker-dealer firm. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Herrera (CRD# 3204779).

Alex Herrera has spent 18 years in the securities industry and was most recently registered with UBS Financial Services in Coral Gables, Florida (2012-2018). Previous registrations include HSBC Securities in Coral Gables, Florida (2006-2012); Atlas One Financial Group in Miami, Florida (2005-2006); Citicorp Investment Services in Long Island City, New York (2002-2005); and MML Investors Services in Springfield, Massachusetts (1999-2002). He has passed four securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on December 29, 2004; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on May 3, 2003; Series 7 (General Securities Representative Examination), which he obtained on February 4, 2002; and Series 6 (Investment Company Products/Variable Contracts Representative Examination), which he obtained on June 21, 1999. He is currently not registered with any state or firm.

According to his BrokerCheck report, he has received two regulatory sanctions and one pending customer complaint.

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Richard Belott

Publicly available records provided by the Securities and Exchange Commission (SEC) and the New Jersey Bureau of Securities accessed on August 16, 2018 indicate that former New Jersey-based investment adviser Richard Belott, and his former employer, Financial Planning Advisors, have been sanctioned by the Bureau in connection to various allegations of fraud.

According to the Bureau’s findings, the allegations against Mr. Belott include selling unregistered securities, acting as an agent without registration, making untrue statements of material fact and/or omitting material facts, engaging in “an act, practice of course of business which would operate as a fraud or deceit upon any person in connection with the offer, sale or purchase of securities,” doing the same upon advisory clients, engaging in dishonest or unethical practices in the advisory business, failing to maintain written investment advisory contract, failing to make and keep required books and records, and making false and misleading statements to investigators.

The Bureau’s complaint states specifically that from about 2008 until 2015, Mr. Belott and his employing firm, Financial Planning Advisors, made fraudulent sales of “at least 6.1 million of unregistered securities to at least eight investors,” including customers who were elderly. The products in question were at least 24 promissory notes that were represented as issued by local diners and a developer. “However,” according to the complaint, “instead of receiving promissory notes from the diners and developer, investors received personal promissory notes from the owners of the diners and the developer, who had undisclosed business relationships with Belott, and in one instance, from Belott himself.”

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Dragon-Click CorporationPublic records published by the Securities and Exchange Commission (SEC) on June 11, 2018 indicate that the SEC has obtained a court order to halt an alleged ongoing fraud that involves stock in a company that “claimed to be developing a revolutionary internet shopping application and raised more than $2.4 million from at least 26 investors nationwide.” Fitapelli Kurta is interested in hearing from investors who have complaints regarding investments in Dragon-Click Corporation.

According to the SEC, it has charged Dragon-Click Corporation; the company’s president, Isaac Grossman; Mr. Grossman’s wife, Adriana Grossman; and Ms. Grossman’s unregistered investment adviser, Dragon Management LLC, in connection with an “ongoing fraudulent offering of Dragon-Click stock and membership interests in Dragon Partners, LLC.” The SEC alleges that Dragon-Click and Mr. Grossman solicited investments in Dragon-Click stock from 2014 until 2018, and that they falsely represented that investors “would make huge profits” and that invested monies would finance the development and marketing of Dragon-Click’s product, an app for online shopping. They allegedly raised more than $2.4 million from at least 26 investors, according to the complaint, “most of them elderly.”

Contrary to their representations, the SEC alleges, Mr. and Mrs. Grossman “misused at least $1.3 million” in their investors’ funds to finance personal living expenses as well as their lifestyles, for instance, Mr. Grossman’s “gambling habits” and various luxury purchases. A list of items and services purchased, included the complaint, describes $35,000 spent on “Gambling at a casino”; $98,000 in “Payments for a Chevrolet Corvette and Chevrolet Tahoe”; $67,000 in “Mortgage payments on the Grossman family home”; $26,000 toward health and car insurance payments; $51,000 on “Jewelry, including a 3.8 carat yellow diamond”; and $16,800 in purchases at Wal-Mart. The defendants did not disclose to investors their misuse and misappropriation of investor funds, according to the complaint.

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Palm House HotelPublicly available records published by the Securities and Exchange Commission (SEC) on August 3, 2018 indicate that the SEC has charged two Florida individuals, Joseph Walsh and Robert Matthews, in connection with a securities offering fraud that allegedly targeted immigrant investors. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Walsh and/or Mr. Matthews.

The SEC alleges that for more than two years Joseph Walsh and Robert Matthews “defrauded dozens of foreign investors” who were participants in the US government’s EB-5 program offering foreign nationals the chance to receive permanent US residency by making investments in US-based projects that create jobs. The SEC alleges that Mr. Walsh “raised close to $44 million from foreign investors which, through a loan, was to be used to acquire, develop, and operate a Palm Beach hotel controlled by Matthews.” However, according to the SEC, Mr. Walsh allegedly misappropriated over $13 million of those funds, and Mr. Matthews misappropriated about $8 million, “some of which he used to acquire a 151-foot yacht and to purchase his former Connecticut home out of foreclosure.” The SEC also alleges that Walsh and two companies under his control, Palm House Hotel and South Atlantic Regional Center, misrepresented material facts to investors regarding an escrow account that was purported to hold investor funds before they were disbursed to Palm House Hotel, and he also allegedly made misrepresentations regarding his background and Mr. Matthews’ background.

The SEC filed its complaint in the Southern District of Florida. It has charged Mr. Walsh, Palm House Hotel, and South Atlantic Regional Center with violations of the Securities Act of 1933 and the Securities Exchange Act of 1934; it seeks “permanent injunctions, disgorgement of ill-gotten gains with interest, and penalties.” The SEC has also charged Mr. Matthews with violations of the same acts, and with aiding and abetting violations by Mr. Walsh, Palm House Hotel, and the South Atlantic Regional Center. The charges remain pending.