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CapWest Securities filed a notice of termination with FINRA

By SHUSTAK REYNOLDS & PARTNERS of Shustak Reynolds & Partners, P.C. posted on Saturday, September 3, 2011.

CapWest Securities, which sold tens of millions of dollars of Medcap and Provident private placements, as well as DBSI real estate deals to its clients ceased operations and filed a noticeĀ of termination with FINRA. The firm faced both class actions and securities arbitrations from disgruntled investors. Capwest is the fourth brokerage firm to close its doors as a result of Medcap, Provident and DBSI investments. Our firm represents a significant investor who purchased both Medcap and Provident private placements through Securities America. Fortunately, Securities America agreed to an across the board settlement which was approved by the court and settlement funds should be distributed in several weeks.

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