If you lost money because of a recommendation by Horter Investment Management, please call our Chicago-based law firm today. We are securities attorneys who help clients bring claims against firms like Horter Investment Management. Horter sold shares of LJMIX as part of its “sleeves” investment philosophy. Notwithstanding the name of the fund, LJMIX was not…
Accelerated Capital Group entered into a Disciplinary Proceeding with the Financial Industry Regulatory Authority (FINRA). According to the Proceeding, Accelerated allegedly failed to establish and maintain a supervisory system, including written supervisory procedures (WSPs), reasonably designed to achieve compliance with federal securities laws and FINRA rules. “The firm failed to reasonably supervise trading activity to…
Do you or someone you know have claims against former Fifth Third broker Ankur Bhatia? If so, the attorneys at Stoltmann Law Offices may be able to help you. Stoltmann Law Offices is investigating Bhatia, who allegedly misrepresented material facts, executed unauthorized trades, and issued unauthorized credit cards. On another occasion, Mr. Bhatia recommended an…
Stoltmann Law Offices is investigating James Plaster, an Alabama-based Ameriprise Financial Services broker. He allegedly failed to manage a portfolio with reasonable care and to perform his job properly. He also made unsuitable mutual fund investment recommendations. These are all against securities laws. His firm, Ameriprise, can be sued in the Financial Industry Regulatory Authority…
Stoltmann Law Offices is investigating Interactive Brokers LLC. An arbitration panel recently found the discount brokerage firm liable for selling securities from client accounts to pay margin debt, resulting in large losses. The panel ordered the firm to pay $667,000 to a hedge fund affected by the losses. The hedge fund, Glen Lyon Long Term…
The Federal Bureau of Investigation (FBI), Internal Revenue Service (IRS) and the U.S. Attorney’s Office in the Western District of North Carolina put almost a dozen ponzi scheme masterminds behind bars. Keith Franklin Simmons, the head of the scheme, was sentenced to 40 years in prison late last year, and recently, Jonathan D. Davey, another…
Stoltmann Law Offices is interested in speaking to those investors who may have invested with Merrill Lynch in the fund MLCXX6LSER Index (MLC Index). Craig Kinard, a Merrill Lynch adviser, was accused of making MLC Index recommendations and sales. MLC Index is allegedly one of the most complex investment products that could be sold to…
Stoltmann Law Offices is investigating Kevin Dunnigan, a broker with Investment Centers of America. Dunnigan has been accused of making unsuitable investment recommendations, misrepresenting material facts related to a mutual fund investments, failed to disclose risks and commissions, acted negligently, omitted material facts and was censured and fined for his actions. These are all against…
According to a recent Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA), David Altwerger was accused of making 10 electronic fund transfers from his personal bank account to his personal brokerage account knowing that he had insufficient funds to cover the transfers. This is against securities rules and regulations,…
Both Morgan Stanley and Edward Jones are in hot water because of mismanagement and overcharging of fees regarding the companies’ 401(k) plans. Morgan Stanley was accused of mismanaging the firm’s 401(k) retirement plan and costing 60,000 employees hundreds of millions of dollars by picking inappropriate and high-priced investments. This was done in order for the…