Stoltmann Law Offices continues to investigate Sonya Camarco, a former broker with LPL Financial. Ms. Camarco allegedly used her company, Camarco Investments, Inc., to steal over $2.8 million in investor funds from her clients. She allegedly took the money and used it to pay back credit card bills and took cash advances out on investor…
Stoltmann Law Offices is interested in speaking to those individuals who may have invested money with Jack Jarrell, an adviser with OAG Wealth Management in Kirkland, Washington. According to the Securities and Exchange Commission (SEC), Jarrell and another adviser, Jeffory Churchfield, sold promissory notes of the Providence Fixed Income Fund and Providence Financial Investments, which…
According to a recent Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA), Thomas Thesier was accused of violating securities laws. Allegedly, between August 2012 and June 2015, while registered with Allstate Financial Services, Thesier signed the names of at least 22 customers to insurance applications and other insurance-related forms.…
According to a recent New York Times article entitled “Morgan Stanley Neglected Warnings on Broker,” Steve Wyatt, a Morgan Stanley broker in Ridgeland, Mississippi, was accused of trading account erratically. He was also accused of improperly managing tens of millions of dollars in client money. Mr. Wyatt was with the company for five years, finally…
According to a New York Times article this week entitled “To Crack Down on Securities Fraud, States Reward Whistle-Blowers,” securities regulators in Indiana and Utah are using informants, also known as “whistle-blowers,” to protect their residents from financial harm. Whistle-blowers have been helping regulators at the federal level for quite some time now, and now…
According to a recent disciplinary proceeding with the Financial Industry Regulatory Authority (FINRA), Craig David Dima was accused of making fraudulent misrepresentations and omissions to his firm, K.C. Ward Financial. Mr. Dima made approximately 41 unauthorized sales of Colgate-Palmolive Company stock in the account of a customer, who was a senior. This occurred from June…
According to a recent Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA), Jonathan Casiano was accused of misappropriating funds totaling at least $14,400 from three affiliated bank customers which is in violation of FINRA rules. Allegedly, in June 2016, Casiano issued debit cards linked to the accounts of five…
According to a recent Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA), Daniel John Myers, a Morgan Stanley broker, was fined $10,000 and suspended from association with any FINRA member in any and all capacities for one year. Myers was accused of executing 26 unauthorized transactions in the account…
The Securities and Exchange Commission (SEC) upheld a decision by the Financial Industry Regulatory Authority (FINRA) to fine Edward Wedbush, the founder and president of Wedbush Securities, Inc., $50,000 and to suspend him from acting in any principal capacities for 31 days. Wedbush was accused of allegedly failing to supervise certain mandated regulatory filings. In…
Did you lose money with Michael Oppenheim, formerly of JP Morgan Chase? Oppenheim was recently barred from the industry after admitting that he stole more than $20 million from clients for trading stocks online, paying personal bills and gambling on sporting events. Oppenheim settled fraud charges with the US Securities and Exchange Commission (SEC) last…