Medical Capital Holdings
On July 16, 2009, SEC charged Medical Capital Holdings Inc. of Tustin, Calif., with fraud in the sale of $77 million of private notes. According to sources, many independent broker-dealers such as American Portfolios Financial Services, National Securities Corp., Securities America, and Signature Financial Group, sold the notes. Rich & Intelisano is presently investigating Medical Capital and speaking with investors who purchased Medical Capital Holdings through registered broker dealers or investment advisors.