Did you lose money due to KH Funding Company securities?
KH Funding is an SEC registered issuer of fixed income securities and a mortgage bank which invests in mortgages and mortgage related products throughout the 50 states. It maintains and services a mortgage investment portfolio composed primarily of short-term commercial and investment property loans. KH Funding Company was founded in 1990. Its headquarters is located in Silver Spring, MD a suburb of Washington, DC. Brokerage firms, including Capital Financial Services, sold the KH Funding Secured and Unsecured Notes. As such, the firms, received 0.6% - 3.5% of the principal amount of all sales. Unfortunately, in many states, including but not limited to Maryland, the KH Funding Secured Notes were not registered or exempt from registration. This is a violation of many state securities acts. KH Funding and the agents at CAPITAL FINANCIAL, solicited investors to purchase related securities. KH Funding submitted an application of the offering on June 28, 2006 under Section 11-503 of the Act and offered $220 million of Series 3 Secured Notes and $30 million of Series 4 Subordinated Unsecured Notes. As of December 23, 2009, the Series 3 Secured Notes and Series 4 Subordinated Unsecured notes are in default. Some of the firms who sold this investment may include Capital Financial Services, Inc., Spencer Edwards, Inc., and CapWest.
If you invested in KH Funding Notes call the Soreide Law Group toll free for a free consultation with an attorney at 888-760-6552. Main office Fort Lauderdale, Florida but pursuing cases nationwide before the Financial Industry Regulatory Authority.
