December 21, 2014 8:12 AM ET

Capital Markets

Company Overview of John Carris Investments, LLC

Company Overview

John Carris Investments, LLC is a boutique investment banking firm that provides financial advisory services. The firm offers mergers and acquisitions, private debt and equity placements, restructurings and recapitalization, and private investment in public equity (PIPE) advisory services. It also provides follow-ups and registered direct transactions advisory services. Additionally, the firm offers capital structure, management buyout, share repurchase, growth capital, and refinancing advisory services. Its clientele include Fibrocell Science Inc. and AMP Holdings Inc. John Carris Investments, LLC is based in New York, New York.

40 Wall Street

17th Floor

New York, NY 10005

United States

Phone:

212-742-2500

Fax:

212-742-2510

Key Executives for John Carris Investments, LLC

John Carris Investments, LLC does not have any Key Executives recorded.

John Carris Investments, LLC Key Developments

FINRA Files for Temporary Cease and Desist Order Against John Carris Investments

FINRA alleged that, among other things, the company and its CEO engaged in fraudulent activity and manipulation of Fibrocell Science stock. FINRA announced that Sept. 30 that it has filed for a temporary cease and desist order against John Carris Investments LLC and its CEO, George Carris, to immediately halt solicitations of its customers to purchase Fibrocell Science Inc. stock without making proper disclosures. The regulator alleged that during May, the company fraudulently solicited its customers to buy Fibrocell stock without disclosing that during the same time period, Carris and another firm principal were selling their shares. In an amended complaint, FINRA alleged that the firm, Carris and five other principals engaged in additional fraudulent activity and securities violations. FINRA said that while John Carris Investments acted as a placement agent for Fibrocell, Carris and the firm artificially inflated the price of Fibrocell stock by engaging in prearranged trading and by making unauthorized purchases of Fibrocell stock in customers' accounts. Carris and the company allegedly, through fraudulent means, sold stock and notes in its parent company, Invictus Capital Inc., by not disclosing its poor financial condition. FINRA also alleges that John Carris Investments issued false documentation that failed to reflect its payments for Carris' personal expenses and failed to remit hundreds of thousands of dollars in employee payroll taxes to the U.S. Treasury Department.

The Financial Industry Regulatory Authority Seeks Cease-And-Desist Order Against John Carris Investments, LLC for Fraud

The Financial Industry Regulatory Authority announced that it has filed for a Temporary Cease-and-Desist Order against John Carris Investments, LLC and its CEO, George Carris, to immediately halt solicitations of its customers to purchase Fibrocell Science, Inc. stock without making proper disclosures. FINRA alleges that during May 2013, JCI fraudulently solicited its customers to buy Fibrocell stock, without disclosing that during the same time period, Carris and another firm principal were selling their shares. FINRA also issued an amended complaint against JCI, Carris, and five other firm principals alleging additional fraudulent activity and securities violations. In the complaint, FINRA alleges that while JCI acted as a placement agent for Fibrocell, Carris and the firm artificially inflated the price of Fibrocell stock by engaging in pre-arranged trading and by making unauthorized purchases of Fibrocell stock in customers' accounts. In addition, FINRA alleges that JCI issued false documentation that failed to reflect the firm's payments for Carris' personal expenses (such as tattoos, pet care and a motorcycle), and failed to remit hundreds of thousands of dollars in employee payroll taxes to the United States Treasury.

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