Accelerated Capital Group Enters Into Agreement With FINRA

Accelerated Capital Group entered into a Disciplinary Proceeding with the Financial Industry Regulatory Authority (FINRA). According to the Proceeding, Accelerated allegedly failed to establish and maintain a supervisory system, including written supervisory procedures (WSPs), reasonably designed to achieve compliance with federal securities laws and FINRA rules. “The firm failed to reasonably supervise trading activity to…

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…

John Schneider; PWA Securities; Pittsburgh, Pennsylvania

According to public, online records with the Financial Industry Regulatory Authority (FINRA), John Schneider was accused of making unsuitable recommendations, over-concentrating accounts and failing to supervise, among other things. In June 2017, a customer claimed that after receiving a 50% return of principal on a real estate private placement investment the investment became worthless. Another…

Edward McFarlane Suspended and Fined For Non-Traditional ETF Sales: What Investors Can Do

Recently, Edward McFarlane was suspended by the Financial Industry Regulatory Authority (FINRA) and fined $5,000 for allegedly recommending and effecting unsuitable transactions involving inverse, leveraged and inverse-leveraged exchange-traded funds (ETFs) in client accounts. FINRA stated that the ETFs that Mr. McFarlane recommended did not suit the client’s financial situation, conservative investment objectives and minimal risk…

Mark Trewitt; VFG Securities; Plano, Texas

Stoltmann Law Offices is investigating Mark Trewitt, a registered broker with VFG Securities in Plano, Texas. Trewitt has been accused of making unsuitable investment recommendations and misrepresentations, many of them involving direct participation products (DPPs) and private placements including non-traded real estate investment trusts (REITs) and other alternative investments. Many of these investments are risky…