Investigation into Watermark Financial Services Group, INC

08/31/09

The Law Firm of David R. Chase, P.A., headed by former Securities and Exchange Commission Prosecutor and Special Assistant United States Attorney, David R. Chase, announces that it is investigating potential claims to recover investor losses against brokerage firms that employed Guy W. Gane, Jr. and Lorenzo Altadonna when they sold investments in Watermark Financial Services Group, Inc. and Watermark M-One Holdings, Inc. (Watermark).

On May 14, 2008, the Securities and Exchange Commission filed a Complaint against Watermark, Guy Gane, Jr. and Lorenzo Altadonna, among others, alleging they orchestrated a multi-million dollar Ponzi scheme.

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