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The Maximum Financial Group, Questar Capital Corporation and GunnAllen Financial might have duped investors into purchasing fictious investments that should have been registered with the SEC.
Investigation Source (Case #08-cv-10927)
- Nationwide
Investigation Scope
Category Information
Investigation Topics
- Scams (Including Madoff)
- False And Misleading Statements
- Unregistered Securities
Product or Service
- Private Securities
Injury Type
- Monetary Loss
Investigation Details
This is a securities fraud class action lawsuit against The Maximum Financial Group, Inc., Questar Capital Corporation, GunnAllen Financial, Inc. and certain individuals charging that Defendants sold unregistered securities to class members in violation of federal securities law.
The class action complaint alleges a massive ponzi scheme in which the defendants sold fictitious interests in in non-existent limited liability companies created by Defendant May and sold by Defendant Bluestein, through The Maximum Financial Group, Inc. and with the assistance of broker-dealer Defendants Questar Capital Corporation and GunnAllen Financial, Inc., in violation of federal securities laws and state laws.
The class action complaint alleges a massive ponzi scheme in which the defendants sold fictitious interests in in non-existent limited liability companies created by Defendant May and sold by Defendant Bluestein, through The Maximum Financial Group, Inc. and with the assistance of broker-dealer Defendants Questar Capital Corporation and GunnAllen Financial, Inc., in violation of federal securities laws and state laws.
Defendant Details
| Name (Stock Symbol) | Brief Description |
|---|---|
| Maximum Financial Group, Inc., The | The Maximum Financial Group, Inc. was an independent-contractor registered representative that marketed and sold investment products. |