Sonya Camarco: Update For Investors

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…

Jack Jarrell; OAG Wealth Management

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…

Thomas L. Thesier; Allstate Financial Services

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.…

Steve Wyatt; Morgan Stanley

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…

SEC Upholds FINRA Decision Regarding Suspension of Edward Wedbush of Wedbush Securities

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…