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Buchanan Associates, LLC v. AK Capital LLC et al: Complaint

Complaint in Buchanan Associates, LLC, f.k.a. GRC Consulting LLC, v. AK Capital LLC, A1A Capital Markets LLC, Alaris Trading Partners LLC, Allen Partners Securities LLC, Altea Capital LLC, American Union Securities, Anchor Asset Management LLC, Baird, Patrick & Co., Inc., Banif Securities Inc., Capstone Sales Advisors LLC, Collins Stewart Inc., Commonwealth Australia Securities LLC, CPIBD, LLC, Cushman & Wakefield, LLC, D. Weckstein & Co., Inc., Davis Securities, Dimension Securities, LLC, Dimension Trading Group, LLC, Edgerock LLC, Fairfax I.S. (USA) LLC, FAP USA, L.P., First Bermuda Securities (BVI) Ltd., Fondsfinans Inc., G.F. Investment Services, LLC, Gordian Group, GSA Capital LLC, H.C. Wainwright & Co., Hallmark Investments Inc., Hudson Housing Securities LLC, ICM Capital Markets Ltd., International Fund Marketing Ltd., Investment Research Consortium LLC, JFD Securities Inc., Kevin Dann & Partners, LLC, Kuro Capital Inc., Macallaster Pitfield Mackay Inc., Matrix USA, Mediobanca Securities USA LLC, Metcap Securities, LLC, Mirae Asset Global Investments (USA) LLC, Mirae Asset Securities (USA) Inc., MK Securities LLC, Monitor Capital LLC, Morton Financial, MS Trade Finance, LLC, Paladin Realty Securities LLC, PanAmerican Capital Securities, LLC, Promethean Capital Group, LLC, Redi Markets LLC, ROC Global Securities, LLC, Roseview Securities, LLC, RP&C International (Securities) Inc., South Towne Capital LLC, Spread Zero Brokerage Services LLC, Sunrise Brokers LLC, Sutton Capital LLC, Trading Screen Brokerage Services LLC, TWS Financial LLC, Valores Finamex Corp., Viceroy Private Wealth, LLC, Wallachbeth Holdings LLC, and Workforce Housing Advisors, LLC at New York State Supreme Court.

First Bermuda Securities (BVI) Ltd. et al: Censure & Fine

Consent by First Bermuda Securities (BVI) Ltd. and Jeffrey G. Conyers to a censure and $40,000 fine, respectively, and an additional fine of $10,000 for which they are jointly and severally liable to settle a regulatory investigation by FINRA.

Alleged crook used name of First Bermuda Securities when raising funds

A businessman criminally indicted in the US for an alleged $8.5 million investment fraud lied about a relationship with First Bermuda Securities when raising funds, claim investigators. Michael D. Richmond allegedly told potential depositors of his Nauru-registered Royal Meridian International Bank that their accounts would be managed by FBS or Deacon Capital Corporation.

BFCL comes to an ignominious end

One of the most ambitious property developments in Bermuda's history that eventually turned into a four-year embarrassment for its sponsors has ended in typically ignominious fashion. Bermuda Financial Centre Limited was struck off from the Bermuda companies register on December 19 by the authorities and, three days later, the listing of its preference shares was cancelled by the Bermuda Stock Exchange.

Insider Talking: November 30, 1997

US depositors withdraw $14 million after losing confidence in Cayman Islands, John Jefferson Jr. seeks to sell his shares in Cayman fast-food franchises, mystery surrounds the awarding of a Class 'A' bank license in Cayman to Euro Bank Corp. following a $2 million payment, John Tugwell says he quit as Bank of Bermuda CEO for "personal reasons", Bermuda Gov't Minister Quinton Edness makes difficult-to-believe claim about why Police Commissioner was fired, Bermuda Governor Thorold Masefield takes the public for idiots, did Maples & Calder senior partner Tony Travers really receive $6 million in annual dividends?, profits of First Bermuda Securities revealed, Bermuda lawyer Lynda Milligan-Whyte turns $67,200 into $500,000 at First Bermuda Securities.

First Bermuda Securities sues former principal

First Bermuda Securities, an investment advisor and broker, is suing one of its former principals, Joe Taussig, and a related company, Bitter End Holdings Ltd., for $52,164 in alleged unpaid fees.The claim relates to a management contract FBS said it assigned to Taussig in June, 1995, in return for between 25 and 50 per cent of the fees earned by the contract.

First Bermuda Securities sues Gordon Capital over BFCL

Investment firm First Bermuda Securities Ltd. is suing a former business partner for $791,668 in alleged unpaid commissions stemming from the Bermuda Financial Centre Ltd. project.FBS filed a lawsuit yesterday at Bermuda Supreme Court against Gordon Capital Corporation, of Toronto.

First Bermuda Securities to buy Bermuda Savings & Loan

Secret talks have been taking place for investment firm First Bermuda Securities to buy a significant stake in Bermuda Savings & Loan Ltd. and take over its management, we can reveal.If the deal goes ahead, it would give FBS access to approximately $26 million that is on deposit with Bermuda Savings & Loan and could lead to new mortgage-related products becoming available.

BFCL tries to raise $131 million

Promoters behind the Bermuda Financial Centre said this week that they are seeking Bermudian investors as much as Bermuda dollar investments for their proposed $131 million hotel, conference and office complex.