Investors who are exposed to unscrupulous financial advisors are starting to feel some serious pain. If you have lost a substantial amount of money over the course of the last few months, and your account is on margin, it might get a lot worse. The good news is, your losses may be recoverable by filing…Details
The State of Indiana recently imposed a $450,000 civil penaltyagainst LPL Financial for failing to supervise the company’s financial advisors on a state-wide basis. The fine was based on two material deficiencies in LPL’s supervisory system. First, due to an alleged software glitch, LPL supervisors were not monitoring or supervising an undisclosed number of emails. There…Details
If so, the investment losses you sustained might be recoverable through the FINRA arbitration claims process. This week, Wells Fargo was ordered to pay a client of the firm damages, including $100,000 in punitive damages, for securities fraud in the purchase and sale of Quicksilver Resources. Punitive damages are rare in the FINRA arbitration forum. …Details
Stoltmann Law Offices is investigating Adam Lopez, of Springfield, Illinois, who the State of Illinois has alleged swindled clients out of at least $403,000. According to a Temporary Order Of Suspension and Prohibition filed by the Illinois Securities Department, # 1800493, Lopez advised clients, including family members, to transfer funds out of their Country Capital…Details
Were you a client of Creative Planning and TD Ameritrade? Did you have unauthorized trades placed in your account in oil and gas related echange traded notes or funds? If so the FINRA arbitration claims process can be used to recover those losses. Please contact our law firm in Chicago for a no cost review…Details
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