Update For Investors: Jeffrey Berenson and Wells Fargo Losses: Orland Park, Illinois

Stoltmann Law Offices continues to investigate Wells Fargo broker Jeffrey Berenson, who works in the Orland Park, Illinois branch. Mr. Berenson allegedly recommended unsuitable investments to a customer, in a complaint that is currently pending. According to his online, public Financial Industry Regulatory Authority (FINRA) BrokerCheck report, Mr. Berenson was previously registered with Prudential Securities…

Edward Murphy of David A. Noyes & Co Has Customer Complaints

According to Financial Industry Regulatory Authority (FINRA) public records, Edward Murphy, a broker with David A. Noyes & Company in Chicago, Illinois, allegedly violated securities laws. He allegedly made unsuitable unit investment trusts (UIT) trades, recommended unsuitable investments, and misrepresented material facts related to an investment. These are all against securities laws. According to BrokerCheck…

Suing Wells Fargo Broker Philip Brunson

Stoltmann Law Offices is investigating former Wells Fargo broker Philip Earl Brunson, who has been accused by the Financial Industry Regulatory Authority (FINRA) of converting customer funds. He also failed to provide FINRA with information in regards to his investigation. He entered into a Letter of Acceptance Waiver and Consent, and was subsequently barred from…

Can Broker’s Borrow Money From Clients?

The answer is usually no. Borrowing money from clients is usually considered a violation of the securities industry rules and regulations. Despite the seriousness of this rule, brokers regularly borrow funds from clients. In some instances, when brokers get caught borrowing funds, they get terminated from their firm or even kicked out of the securities…

Legal Options for Victims of Daniel H. Glick

Stoltmann Law Offices is investigating Daniel H. Glick from Orland Park, Illinois. The Financial Industry Regulatory Authority (FINRA) barred Glick from the industry for failing to respond to an investigation. FINRA was investigating him over allegations that he forged client signatures to steal and misappropriate their funds. The Certified Financial Planner (CFP) Board also barred…

How To Sue Further Lane Securities For Excessive Markups

According to a recent Financial Industry Regulatory Authority (FINRA) Disciplinary Proceeding, Further Lane Securities allegedly charged excessive markups on 55 corporate bond transactions with customers, in violation of securities rules. The firm also allegedly failed to adequately supervise the markup activities of its registered representatives in violation of those rules. According to the Proceeding, a…

Scammed In Pacific Coast Oil Trust (ROYT)

The recent cratering of the Pacific Coast Oil Trust has devastated many elderly and retired clients who relied on this investment for conservative income in their portfolio.  In some instances, the brokers who heavily sold this investment may have violated the law by recommending unsuitable concentrations of this investment.  For some investors, the losses might…

Russell Sadler; LPL Financial FINRA Acceptance, Waiver and Consent (AWC)

According to a recent Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA), Russell Sadler was fined $25,000 and suspended from the industry for 12 months. According to his AWC, Sadler, while registered with LPL, purchased securities issued by a company that proposed to build a movie studio in Plymouth,…