According to a recent Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA), RBC Capital Markets broker Cheryl George has violated securities laws and internal firm rules. Allegedly, George received an email from an individual purporting to be a customer of RBC requesting that she transfer funds for a wire…
Stoltmann Law Offices is interested in speaking to those investors who may have suffered losses with Beverly Hills Wealth Management (BHWM) broker Margaret Mulligan Black (aka Margaret Mulligan Scott). Ms. Black recently entered into a cease-and-desist order with the Securities and Exchange Commission (SEC). The cease-and-desist order claims that Black withheld prepaid, unearned advisory fees…
Stoltmann Law Offices is investigating former Western International Securities broker Jorey Bernstein. A customer alleged that Mr. Bernstein participated in illegal interactions and outside business activities with a third party. This can create conflict of interest within the firm. Another customer alleged that Bernstein excessively traded his account and requested damages of $3,000,000. The dispute…
According to a recent Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA), MSI Financial Services broker Kelly Barnett allegedly used discretion in the accounts of five customers without written authorization or acceptance of the accounts as discretionary. Kelly Barnett also allegedly falsified notes of client contact. Barnett allegedly authorized…
If you or someone you know has lost money with James O’Keefe, you may be able to recover those losses by suing his former firm, Morgan Stanley, in the Financial Industry Regulatory Authority (FINRA) arbitration forum on a contingency fee basis. Mr. O’Keefe was accused of recommending unsuitable stocks from 2001 until 2015. In 2014,…
The Financial Industry Regulatory Authority (FINRA) has barred former Morgan Stanley broker Matthew Singer for failing to appear at a hearing in connection with a FINRA investigation. He was being investigated regarding whether he and others made unsuitable options recommendations to customers. Morgan Stanley filed a Form U5 termination notice listing the reason for his…
According to a recent Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA), Thomas Meier, a former Morgan Stanley broker, violated securities laws. Allegedly, over the period of July 2012 until March 2016, Meier effected more than 1,000 unauthorized transactions in the accounts of six customers and exercised discretion without…
According to a Decision heard before the Financial Industry Regulatory Authority (FINRA), former Morgan Stanley broker Kenneth Mathieson was suspended for one year in all capacities and fined $50,000 for participating in private securities transactions and engaging in outside business activities without prior written notice to, and permission from, Morgan Stanley. FINRA also found that…
According to a recent Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA), Heather VanLandingham, a former Morgan Stanley representative, has been accused of violating securities laws and internal firm rules. Allegedly, in January 2016, while associated with Morgan Stanley, VanLandingham effected transactions in a firm customer’s account without the…
Stoltmann Law Offices continues to investigate former Morgan Stanley broker Daniel Abel, and Morgan Stanley. A federal judge recently ruled in the bank’s favor in its bid to block an exiting Abel from contacting his former clients with the firm. The judge extended a restraining order issued this week against Abel, after Morgan Stanley accused…