Pennsylvania Registered Rep Alleged of Fraudulently Misleading Investors

Posted on December 18th, 2015 at 8:27 AM
Pennsylvania Registered Rep Alleged of Fraudulently Misleading Investors

From the Desk of Jim Eccleston at Eccleston Law LLC:

Bernard Parker of Parker Financial Services has been accused of intentionally misleading clients to raise more than $1.2 million. Parker Financial Services is a company controlled by Parker and operated out of his home in Pennsylvania. Starting in 2008, he began to raise money from investors to purchase tax liens placed on properties in Florida, Arizona, and Colorado. Parker allegedly induced at least 22 investors, many of whom were his long-standing customers, to purchase the unregistered, fraudulent securities by making false and misleading statements. While the investors thought that he was purchasing tax liens, he only used a small amount of the $1.2 million on the liens. He is alleged to have used a large majority of the money to remodel his home, pay family medical bills, and make interest payments to earlier investors to further deceive investors. He will face a jury trial in the United States District Court for the Western District of Pennsylvania.

The attorneys of Eccleston Law LLC represent investors and advisers nationwide in securities and employment matters. Our attorneys draw on a combined experience of nearly 65 years in delivering the highest quality legal services.


Related Attorneys: James J. Eccleston

Tags: Eccleston, Eccleston Law, Eccleston Law LLC, James Eccleston, Parker Financial Services

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