Investors should be wary of private placements 

Posted: 1:00 am Mon, March 22, 2010
By James J. Eccleston

James EcclestonRecently the state securities regulator for Massachusetts filed an administrative complaint against Securities America in connection with its sales of promissory notes issued by special purpose corporations wholly owned by Medical Capital Holdings, Inc. (“Medical Capital”). Securities America has denied the allegations of the complaint. Since August of 2008, Medical Capital has defaulted on ...