If you were recommended a long term care insurance policy by your financial advisor, and that policy has lapsed, you might be able to recover the premiums paid against the brokerage firm who recommended it. Many brokers recommended long-term care insurance policies with promises and representations that the premiums would not change or fluctuate much.…Details
According to a Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA), Hancock Investment Services was censured and fined $100,000. The firm allegedly failed to preserve business-related emails in a manner that complied with applicable federal securities laws and with FINRA rules, and until February 2012 failed to establish and…Details
Did your broker recommend to you Behavioral Recognition Systems (BRS) investments? If so, the attorneys at Stoltmann Law Offices are interested in speaking to you about those losses. BRS was a software development company previously known as Giant Gray. BRS turned out to be an investment fraud scam. It raised tens of millions of dollars…Details
A top Morgan Stanley broker in California, Brett Grimes, was ordered to pay UBS broker Michael Sexton $300,000 in compensatory damages (plus 10% annual interest until the damages are paid in full), and also $100,000 in civil punitive damages. The three-person, Financial Industry Regulatory Authority (FINRA) arbitration panel also decided to permanently enjoin and restrain…Details
Former Merrill Lynch broker Lyle Boudreaux was accused of making an inappropriate investment, breaching contract, violating state securities laws, negligence and for a client of his suffering losses as a result of an exchange-traded fund position in an advisory account. These are all against securities laws and internal firm rules. A brokerage firm like Merrill…Details
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