Eckert Hit With Suit From Financial Adviser Targeted By SEC

Eckert Hit With Suit From Financial Adviser Targeted By SEC


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Eckert Hit With Suit From Financial Adviser Targeted By SEC
Law360 (May 13, 2021, 5:18 PM EDT) -- A Philadelphia-based financial adviser has slapped Eckert Seamans Cherin & Mellott LLC with a lawsuit alleging that a firm attorney's "amateurish" due diligence left him open to claims from securities regulators and investors after he partnered with a cash advance business that has come to face allegations of fraud.
Dean Vagnozzi said that Eckert Seamans attorney John Pauciulo had failed to either uncover or disclose the risks of a partnership with Complete Business Solutions Group Inc., which did business as PAR Funding, including accurate information about its default rate and the criminal history of its founder.

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