SEATTLE, May 9, 2016 /PRNewswire/ -- Israels & Neuman, PLC is a securities fraud law firm with offices in Denver, Colorado and Seattle, Washington. Israels & Neuman announces that its investment fraud attorneys have launched an independent investigation into potential market manipulation related to ForceField Energy, Inc. stock.
ForceField was a publicly traded company that formerly traded on the NASDAQ under ticker symbol (FNRG). The company is purportedly a distributor and provider of high end LED lighting products and "alternative" energy. As of today, the stock is currently valued at roughly $.02 per share, in sharp contrast to trading at nearly $8.00 per share in early 2015.
Israels & Neuman's investigation commenced in response to the dramatic stock price fluctuation and major news outlets reporting that several individuals "manipulated ForceField's stock from December 2009 to April 2015 by secretly trading it in undisclosed accounts, inflating trading volume to create a false sense of demand, and concealing kickbacks to stock promoters and brokers to tout it." Criminal charges and an SEC civil action have been filed against 9 individuals, including several current and former registered brokers related to alleged ForceField kickbacks, including: Gerald Cocuzzo of Newbridge Securities Corp., Naveed (Nick) Khan of Meyers Associates, Maroof Miyana of Legend Securities, Pranav Patel of Dawson James Securities, and Richard L. Brown of Chelsea Financial Services.
Israels & Neuman reminds investors that financial advisors have a duty to put a client's best interest before their own and to follow all laws and regulations related to securities. Advisors must also make suitable investment recommendations to their customers. If the advisor fails to do so, their employing brokerage firm could be liable for investor losses. Israels & Neuman has extensive experience in representing investors who have been defrauded by brokers. Its attorneys represent investors in FINRA arbitration proceedings in all 50 states and are standing by ready to discuss ForceField Energy, Inc. stock loss recovery options.
If you invested in ForceField Energy, Inc. and have suffered losses, please call us at (720) 599-3505 or (206) 795-5798 for a free evaluation of your case or visit us at www.israelsneuman.com.
Israels & Neuman is not affiliated with any government agency and its investigation is independent in nature.
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SOURCE Israels & Neuman, PLC