Did your Credit Suisse broker recommend to you The VelocityShares Daily Inverse VIX Short-Term (XIV) exchange-traded note (ETN) to you? If so, you may be able to recover your losses with this security on a contingency fee basis in the Financial Industry Regulatory Authority (FINRA) arbitration forum. XIV supposedly gives the opposite return of the…
Stoltmann Law Offices is investigating the Woodbridge Group of Companies, a southern California real estate and investment company, which has allegedly raised over $1 billion from investors. The Securities and Exchange Commission (SEC) is investigating it to determine whether the company has been operating as a fraud. The company’s president, Robert Shapiro, is also being…
According to a recent Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA), Larry Boggs allegedly engaged in excessive and unsuitable trading in the accounts of five customer households. He also allegedly changed the investment objectives and risk tolerance for several customers in order that they would conform to his…
According to records with the Financial Industry Regulatory Authority (FINRA), Raymond James broker Clifford Vatter allegedly made unsuitable investment recommendations, misrepresented and omitted material facts, breached fiduciary duty, made unauthorized withdrawals, and other things. These are all against securities laws and internal firm rules. A broker such as Mr. Vatter must take into account a…
According to the Financial Industry Regulatory Authority (FINRA), Larson Financial Securities broker Anthony Ferrara has been subject to four customer complaints. He allegedly made unsuitable recommendations and material omissions in the sale of a variable universal life (VUL) policy that was purchased in 2013. The complaint is currently pending. Another complaint alleged that he recommended…
Merrill Lynch broker Jacquin Fink, has customer complaints against her. According to the complaints filed with the Financial Industry Regulatory Authority (FINRA), she has been accused of making unsuitable investment recommendations, misrepresentations, excessive trading, and unauthorized trading, among others. In April 2016, a customer alleged that unsuitable investment recommendations were made by Fink and that…
We are investigating the brokerage firms who sold and recommended SCI Real Estate Investment Tenants in Common (TICs). Brokerage-firms and financial advisors recommended SCI Real Estate Investment TICs we believe because of the massive fees and commissions involved in the products. Some brokerage firms and brokers, like Investors Capital and Don Ingram, sold the funds…
We are currently investigating New York based Newport Coast Securities brokers Douglas Leone, Marc Arena, Tyler Luckey, Andre LaBarbera, David Levy, Antonio Costanzo and Donald Bartelt. From approximately 2008 to 2013 these brokers allegedly committed churning fraud. They provided unsuitable investment recommendations involving inverse and/or leveraged ETFs , ETNs and Exchange Traded Products (ETPs). Many of…
Two South Carolina men entered guilty pleas in connection to an investment fraud case, one of which was a Myrtle Beach lawyer. HORRY COUNTY, SC (WMBF) — Two South Carolina men entered guilty pleas in connection to an investment fraud case, one of which was a Myrtle Beach lawyer. According to the Federal Bureau of Investigations, “United…
Yesterday, Mark Sellers allegedly committed suicide. We have written on the Selden Company’s investment scam in the past. http://stoltmannlaw.com/selden-companies-llc-recover-investment-losses/ This alleged suicide will have a very important impact on clients who are contemplating filing a Financial Industry Regulatory Authority (FINRA) arbitration claim or investment fraud lawsuit to recover Selden Company losses. We believe this suicide…