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violations parking tickets non moving violations wills trusts estate planning probate personal representatives elder law powers attorney living wills open technical issues linkback thread tools rate thread display modes larrywanter junior member date feb posts fraudulent buyout name state fl involves buyout partner nasd broker dealer peter nasd principal fl buys company west coast larry owns rd peter knows firm getting big contract tell john worth peter buys john embezzled money company involed john finds cheated misrepresentation value john file civil suit transaction contract unenforceable due misrepresentation peter stolen money john nasd sec sponsored tranquility senior member date mar posts know nasd sec partners certain duties knowing contract telling partner buying partner true value partnership duties may breached ex partner see attorney embezzled money problem related issue ex partners issue business attorney tadpole junior member date aug posts banking got ripped felt way name mentioned disappeared executor account tadpole business attorney larrywanter junior member date feb posts quote originally posted tranquility know nasd sec partners certain duties knowing contract telling partner buying partner true value partnership duties may breached ex partner see attorney embezzled money problem related issue ex partners issue corp partnership duty fiduciary duty business attorney dandy senior member date apr posts reply response tadpole need contacting bank held specific cashed paid possible father decided cash maturity date income possible bank normally release executor may want consult probate attorney proceed request need inquire see executor posted bond protect beneficiaries interest potential theft executor state law provides exemption bond required dandy oklahoma tiekh yahoo business attorney tranquility senior member date mar posts corporation talking partners anyway duties people depending position corporations executives certain duties corporation members board directors certain duties stockholders especially corporation closely held relationships duties fuzzy corporate setting facts need see relationships duties persons talking business attorney laquo previous thread thread raquo currently active users viewing thread members guests thread tools show printable version email display modes rate thread linear mode switch hybrid mode switch threaded mode rate thread excellent good average bad terrible posting rules may post threads may post replies may post attachments may edit posts code smilies img code code offtrackbacks pingbacks refbacks forum jump user control panel private messages subscriptions online search forums forums accident injury law auto accidents vehicle claims dangerous defective products medical health care malpractice environmental amp toxic torts workplace injuries amp compensation personal injury wrongful death bankruptcy consumer credit consumer bankruptcy business bankruptcy banking amp credit cards debt 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Fraudulent Buyout Free Advice Law Advice Insurance Advice Community Register FAQ Calendar Search Today's Posts Mark Forums Read Brokers amp Investments Securities Brokers Stocks Mutual Funds etc FreeAdvice Legal Forum gt BUSINESS AND FINANCIAL LAW gt Brokers amp Investments Fraudulent Buyout User Name Remember Me Password Select a Forum to Post a Question Auto Accidents and Vehicle Claims Dangerous or Defective Products Medical and Health Care Malpractice Environmental Toxic Torts Workplace Injuries Worker’s Compensation Other Personal Injury and Wrongful Death Consumer Bankruptcy Business Bankruptcy Banking Credit Cards Debt Collections Starting and Operating a Business Business Contracts and Franchises Brokers Investments Sports Arts Entertainment Law Consumer Contracts Guarantees and Warranties Lemon Law Online Purchases and Sales Libel Slander Defamation Legal Ethics Lawyer Malpractice Civil Litigation Small Claims Courts Arrests Searches Warrants Procedure Drug Charges Drunk 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Issues Condos and Co Ops Construction Renovation Mortgages Refinancing Foreclosure Neighbors Boundaries Other Real Estate Law Questions Tax Law Drunk Driving Speeding and Other Moving Violations Parking Tickets and Non Moving Violations Wills Trusts and Estate Planning Probate and Personal Representatives Elder Law Powers of Attorney Living Wills Open TECHNICAL Issues ONLY LinkBack Thread Tools Rate Thread Display Modes AM LarryWanter Junior Member Join Date Feb Posts Fraudulent Buyout What is the name of your state FL This involves a buyout of a partner in an NASD broker dealer Peter is an NASD principal in FL He buys out John's of company for John's on the west coast Larry me owns the other rd Peter knows the firm is getting a BIG contract he does not tell John John's now is worth at least to and maybe M Peter also buys out John with embezzled money from another company he is involed with John later finds out he has been cheated by misrepresentation of value John will have to file a civil suit Was the transaction contract unenforceable due to misrepresentation and because Peter used stolen money Can John go to the NASD and SEC Sponsored ad AM tranquility Senior Member Join Date Mar Posts I don't know anything about the NASD or SEC but partners have certain duties to each other By knowing of a contract not telling a partner and then buying a partner out for less that the true value of the partnership one of those duties may have been breached Have the ex partner see an attorney The embezzled money is not your problem nor is it related to your issue Actually your ex partners issue Find a Business Attorney PM tadpole Junior Member Join Date Aug Posts banking Well seems you got ripped off I recently felt the same way also cd's in my dad's name mentioned in his will has disappeared Executor cannot account for this Tadpole Find a Business Attorney PM LarryWanter Junior Member Join Date Feb Posts Quote Originally Posted by tranquility I don't know anything about the NASD or SEC but partners have certain duties to each other By knowing of a contract not telling a partner and then buying a partner out for less that the true value of the partnership one of those duties may have been breached Have the ex partner see an attorney The embezzled money is not your problem nor is it related to your issue Actually your ex partners issue It's a corp not a partnership Is there still a duty like a fiduciary duty Find a Business Attorney PM Dandy Don Senior Member Join Date Apr Posts In reply to tadpole's response only tadpole you need to be contacting the bank where the CD's were held to get specific information about when they were cashed in and who was paid It is possible your father decided to cash the CD's in before the maturity date to get income or it is possible that someone else did it Bank will normally release such information only to the executor so you may want to consult with a probate attorney first about how to proceed with your request for information You also need to inquire to see if this executor has posted an executor's bond to protect the beneficiaries interest from potential theft by the executor or whether the state law or the will provides an exemption from the bond being required DANDY DON IN OKLAHOMA tiekh yahoo com Find a Business Attorney PM tranquility Senior Member Join Date Mar Posts If it's a corporation why are you talking partners Anyway there are duties of people depending on their position in corporations as well Executives have certain duties to the corporation and members of the board of directors have certain duties to stockholders especially if the corporation is closely held However the relationships and duties are more fuzzy in the corporate setting and more facts would be need to see the relationships and duties to which persons we're talking about Find a Business Attorney laquo Previous Thread Next Thread raquo Currently Active Users Viewing This Thread members and guests Thread Tools Show 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