PIABA Report on NARs

This afternoon PIABA published its report on Non Attorney Representatives (NARs). Co-authored by PIABA President Andrew Stoltmann and fellow PIABA board member Dave Neuman, it calls on FINRA to ban these firms from representing investors in the forum. The report details many of the extensive problems and issues with NARs, examines their paltry win rates…

Unsuitable Oil and Gas Investments with Broker Jeffrey Wilson?

Stoltmann Law Offices is investigating Wells Fargo broker Jeffrey Wilson, who was accused of unsuitable investment advice concerning various investment products including energy stocks that likely include master limited partnerships (MLPs). In August 2017, a customer alleged that Wilson recommended the purchase of unsuitable energy securities in or around August 2014. The claim is currently…

Ponzi Accusations For MC2Capital Management, Yasuna Murakami and Avi Chiat

Regulators have accused Yasuna Murakami and Avi Chiat, and their companies that the two managed, MC2 Capital Management and MC2 Canada Capital Management, of defrauding more than 50 investors by raising more than $15 million and then misappropriating funds in a ponzi-like fashion. According to the Securities and Exchange Commission (SEC), Murakami and Chiat allegedly…