The scientists at UBS and other Wall Street brokerage firms have struck again. The latest iteration of a investment product that collapsed and did the opposite of what it was suppose to do is UBS’ Yield Enhancement Strategy (“YES”). The heavy hyped investment was pitched to investors at firms like UBS with assurances that the…
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…
This week, a Financial Industry Regulatory Authority (FINRA) arbitration panel comprised of three arbitrators, ordered RBC Capital Markets, and its broker, Bruce Cameron, to pay a former client $723,000 for losses sustained. The client was an elderly woman, and her portfolio suffered losses because of an overconcentration of oil and gas master limited partnerships (MLP)…
Stoltmann Law Offices continues to investigate William Heiden, a Wedbush Securities registered broker, who has been subject to nine customer complaints. Allegedly, Mr. Heiden, according to a claim filed in June 2017, breached his fiduciary duty, committed violation of industry rules, and financial elder abuse causing $855,299 in losses. The claim is currently pending. He…
If you or someone you know invested money with Richard Shotz, a former broker with Morgan Stanley, you may be able to recover your investment losses on a contingency fee basis in the Financial Industry Regulatory Authority (FINRA). According to a Letter of Acceptance, Waiver and Consent (AWC) with FINRA, Mr. Shotz was accused of…
According to an Order with the Financial Industry Regulatory Authority (FINRA), Jeffrey Dragon, while registered with Berthel, Fisher & Co., as a broker, allegedly violated securities laws. Mr. Dragon was accused of recommending and engaging in short-term unit investment trust (UIT) trading in 19 accounts belonging to 12 of his customers. This occurred over a…
Did you or someone you know lose money with Newbridge Securities Corp broker Jeffrey Eglow, out of Delray Beach, Florida? If so, the attorneys at Stoltmann Law Offices are interested in speaking with you about those losses. Eglow has been the subject of four customer disputes, according to FINRA’s online BrokerCheck report. These customer disputes…
Did you or someone you know lose money with former Cambridge Investment Research broker Ralph Savoie? If so, the attorneys at Stoltmann Law Offices are interested in speaking with you about those losses. Mr. Savoie was charged with one count of wire fraud on December 22nd, 2017. He was previously with Cambridge Investment Research in…
You may be able to do so in the Financial Industry Regulatory Authority (FINRA) arbitration forum if you have suffered losses with Puma Capital. According to a recent Letter of Acceptance, Waiver and Consent (AWC) with FINRA, Puma Capital allegedly failed to develop and implement an anti-money laundering program that was reasonably designed to achieve…