Brett Scott Ellen (Brett Ellen) Financial Advisor/Broker Brett Ellen Allegedly Recommended EcoVest Conservation Easements
Brett Scott Ellen (Brett Ellen) Financial Advisor/Broker Brett Ellen Allegedly Recommended EcoVest Conservation Easements | Goodman & Nekvasil, P.A. May Recover Investor Losses on Conservation Easement Investments
Brett Ellen was a previously licensed financial advisor with United Planners’ Financial Services of America. Our Firm received a message from an investor who invested in a conservation trust called EcoVest in 2015 and 2016. The investment was recommended by a financial advisor in Woodland Hills, CA named Brett Ellen, who owns and operates American Financial Network (AFN). Brett Ellen allegedly recommended this as a planning strategy for the client’s soon to be anticipated retirement. According to information from the client, Brett Ellen was close friends of Alan Solon, who was the principal organizer of EcoVest. Further, Brett Ellen allegedly recommended the investment to several retirement-age clients as part of a strategy to facilitate transfers from traditional IRAs to Roth IRAs.
If You Invested in a Conservation Easement Investment Sponsored by EcoVest, You Likely Have Lost a Substantial Amount of Money
According to the Department of Justice, investors in LLCs purchased through broker dealers and syndicated by EcoVest remain liable for the federal tax they reduced or eliminated through Conservation Easement deductions. They also are liable for interest that has accrued on their unpaid federal tax obligations, according to the Department of Justice. The Department of Justice states that investors may also be liable for penalties. When you add the money that investors used to pay for their Conservation Easement investment, the losses are quite considerable. Click Here for a Listing of EcoVest Investments, to the best of our knowledge.
Goodman & Nekvasil P.A. May Recover Investor Losses in Conservation Easements Through FINRA Arbitration
We believe that investors who invested in EcoVest conservation easements through United Planners’ Financial Services of America may be able to recover their losses through a FINRA arbitration claim. If you invested in an EcoVest conservation easement, you should seek the advice of a lawyer who has experience representing investors in investment fraud and broker negligence cases to discuss their rights.
At Goodman & Nekvasil we work on a contingency basis for every one of our clients. As our client, you owe us nothing unless we obtain a recovery on your behalf. Attorney’s fees are only collected if you receive a recovery, and the same is true for costs. We bear the costs of your case throughout the process, only receiving compensation if you recover some of your losses. If you don’t win a recovery, we don’t get paid. We have established a fee structure that not only represents the faith we have in our clients’ cases but also motivates our firm truly to work in your best interest. We have aligned our goals with our clients’ goals, and it allows us aggressively to pursue recoveries with all of our resources. We are devoted to achieving the best outcomes for every one of our clients.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $180 million on behalf of victimized investors. If you invested in EcoVest conservation easement investments through Brett Ellen or another agent of United Planners’ Financial Services of America and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.
For more information on Conservation Easements Click Here
Some of the information in this blog post was obtained on 8/3/2020 directly from FINRA BrokerCheck, without any changes. If you believe this information was reported incorrectly, please contact our firm at 1-800-500-4442.