Stoltmann Law Offices is investigating the Woodbridge Group of Companies, a southern California real estate and investment company, which has allegedly raised over $1 billion from investors. The Securities and Exchange Commission (SEC) is investigating it to determine whether the company has been operating as a fraud. The company’s president, Robert Shapiro, is also being investigated. The SEC is “investigating the offer and sale of unregistered securities, the sale of securities by unregistered brokers and the commission of fraud in connection with the offer, purchase and sale of securities.” According to Woodbridge’s website, the group, Woodbridge Wealth, sells three types of investment: first position commercial mortgages with an annual yield of 5%, secondary market annuities with above average, risk adjusted yields, and a commercial bridge loan fund that potentially returns 6%.
According to the Financial Industry Regulatory Authority (FINRA) website, BrokerCheck, there is no broker-dealer named Woodbridge Wealth. If your broker recommended or sold to you Woodbridge Wealth, please call our securities law firm today at 312-332-4200 in order to speak to an attorney about your losses. We are based in Chicago, Illinois and we help investors recover their investment losses on a contingency fee basis, which means we only get paid if you recover your losses. The call is free with no obligation. We sue firms in the FINRA arbitration forum. Your brokerage firm may be liable for investment losses, as the firm has a reasonably duty to oversee its brokers while they are employed there.
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