Lars Soreide Currently Represents KH Funding Company Senior Secured Note Victims

Oct. 30, 2012 - PRLog -- Lars Soreide of Soreide Law Group is currently representing several elderly investors (who pay no legal fees to the law firm if no recovery) that were sold KH Funding Company Senior Secured notes as safe asset backed investments against the brokerage firms that recommended the investment.  

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. Brokerage firms, including but not limited to 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, the KH Funding Secured Notes were not registered or exempt from registration. KH Funding and the their agents, 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. The value of these notes is now virtually worthless. On May 1, 2012, KH Funding Company went out of business as per its Chapter 11 liquidation filing under bankruptcy.

If you invested in KH Funding Senior Secured Notes call Attorney Lars Soreide today. Representing clients Nationwide before the Financial Industry Regulatory Authority. No fee if there is no recovery. Call 888-760-6552.