Robert Byrkit Morley, Jr. & Creative Wealth Strategies, Inc. Allegedly Engaged in the Sale of Unregistered Securities in the Form of Investment Contracts to Two Michigan Investors, a Married Couple Past Age 60
Robert Morley, Jr. & Creative Wealth Strategies, Inc., allegedly engaged in the sale of unregistered securities in the form of investment contracts to two Michigan investors, a married couple over the age of 60, according to an Order from the Michigan Department of Corporations, Securities & Commercial Licensing Bureau (CSCL) currently under review by attorneys Alan Rosca and Joe Peiffer.
Peiffer Rosca Wolf securities practice lawyers are investigating investment recovery options on behalf of investors in issues related to Robert Byrkit Morley, Jr. & Creative Wealth Strategies, Inc.’s sale of unregistered securities.
Investors who believe they may have lost money in activity related to Robert Byrkit Morley, Jr. & Creative Wealth Strategies, Inc.’s sale of unregistered securities are encouraged to contact attorneys Alan Rosca or James Booker with any useful information or for a free, no obligation discussion about their options.
Morley, the president of Creative Wealth Strategies, Inc., and of Birmingham, Michigan, allegedly made representations in required notice filings associated with his sole proprietorship investment adviser firm that he would not sell securities in which he had a proprietary interest to investment advisory clients, according to the aforementioned Order.
Morley’s material representations were, however, allegedly misleading, the Order notes.
Robert Morley, Jr. & Creative Wealth Strategies, Inc. Fined $120,000 for Alleged Violations of the Michigan Uniform Securities Act Including the Sale of Purportedly Unregistered Securities
Morley has received a fine of $80,000.00 while his Creative Wealth Strategies, Inc. has been fined $40,000.00 by the CSCL, according to the aforementioned Order currently under review by attorneys Alan Rosca and James Booker.
Hence, Morley’s registration application was denied for reasons of allegedly engaging in dishonest or unethical practices in the securities, commodities, investment, franchise, banking, finance, or insurance laws of Michigan, the Order notes.
CSCL Director Julia Dale has made the following statement:
“To protect consumers, the State of Michigan requires the proper registration of investment adviser representatives, securities agents, broker-dealers, and investment adviser firms, and the securities they are selling, and that representations made in filings with the Department are complete and accurate. Investors should contact us to make sure that the person or company they are working with or a securities product they are considering purchasing is registered in Michigan.”
Finally, the Michigan Department of Licensing and Regulatory Affairs said Wednesday that the state’s Corporations, Securities & Commercial Licensing Bureau issued final orders against Robert Byrkit Morley Jr. and Creative Wealth Strategies in Birmingham, the Order notes.
Morley has a right to appeal within 60 days after the date of mailing the final administrative order.
Securities Lawyers Investigating
The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged investment fraud and are currently investigating Robert Morley, Jr. & Creative Wealth Strategies, Inc.’s sale of unregistered. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.
Investors who believe they lost money as a result of Robert Byrkit Morley, Jr. & Creative Wealth Strategies, Inc.’s sale of unregistered securities may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888–998–0520 or via e-mail at email@example.com or firstname.lastname@example.org.