The allowance of class-action waivers between brokers and customers is being called into question with the Supreme Court, and it could have a dramatic impact on how arbitration is handled through Finra moving forward. The Trump Administration has raised questions regarding the regulation of class-action waiver, in a brief that was filed with the 5th …
Stock Market Loss securities fraud attorneys are investigating allegations against Winston Wade Turner, a previously registered broker who has been barred by the Financial Industry Regulatory Authority. Turner is prohibited from serving as a broker or associating himself with companies that offer securities to the public. Formerly of Metlife Securities Inc. and Pruco Securities, LLC, …
Sylvester Knox, a broker and investment adviser with eight different firms over 27 years, is under investigation for a variety of alleged violations . The attorneys at Stock Market Loss are investigating claims against Knox. Since January 2017, Knox has been registered with FSC Securities Corporation of Short Hills, New Jersey. Immediately prior to that, …
Securities attorneys Jay H. Salamon and Hugh D. Berkson of McCarthy, Lebit, Crystal & Liffman represent clients who lost money as the result of Ponzi schemes, investment fraud, and other broker misconduct. They are investigating the claims history of Andrew Todd Yocum, a previously registered broker and investment adviser. Most recently, Yocum worked with Morgan …
The Stock Market Loss fraud investigation team currently is assisting former clients of Lee Dana Weiss, who has been barred by the Securities and Exchange Commission from serving as an investment adviser or broker. Weiss also is prohibited from associating with companies that offer investment advice or sell securities to members of the public. Weiss …
The Stock Market Loss team of investigators with McCarthy, Lebit, Crystal & Liffman Co., LPA, currently is reviewing claims against suspended broker John E. Burns, formerly of Edward Jones in Missouri. Burns has a number of customer disputes on his record along with employment separation after allegations and a regulatory ruling. Burns was permitted to …
The McCarthy, Lebit, Crystal & Liffman Co., LPA, Stock Market Loss team currently is looking into claims against former stockbroker and investment adviser Li-Lin Hsu, formerly of Ameriprise Financial Services, Inc. in Los Angeles and Minneapolis. Hsu is now barred from acting as a broker or associating with any companies that offer securities to the …
The Stock Market Loss securities fraud team is looking into complaints about Scott David Shapiro, a previously registered broker and investment adviser who worked with four firms over 21 years. From 1994 to 2016, Shapiro worked for the following New York companies: D.H. Blair & Co., Inc.; Whale Securities Co., L.P.; Citicorp Investment Services; and …
The team of investment fraud attorneys at Stock Market Loss are investigating allegations against broker and investment adviser Dawn Bennett in Charlotte, Baltimore, New York and Washington, D.C. Bennett was suspended in August 2016 after she allegedly failed to respond to a request for information from the Financial Industry Regulatory Authority. In an additional regulatory …
Anthony Mastroianni Jr. is a previously registered broker who has been barred by the Financial Industry Regulatory Authority from working as a broker or associating with companies that sell securities to members of the public. The stock fraud lawyers at McCarthy, Lebit, Crystal & Liffman Co., LPA, are investigating claims against Mastroianni by former clients …
Obviously, the decision to expunge complaints from brokers’ records will always remain somewhat controversial. Almost all client/broker contracts have a clause that sends client complaints to an arbitration board before allowing public complaints; and this appears fair to both clients and brokers. Future clients certainly deserve a warning about brokers who haven’t acted in their …
The Financial Industry Regulatory Authority (FINRA) hopes to facilitate a faster method for small claim attribution by the launching of a new time-limited hearing over the phone. Those with claims of $50,000 or less may be able to use this expedited method. The move, called the Special Proceeding for Simplified Arbitration, was done after being …
The Justice Department has unsealed indictments against seven individuals, all of whom are or have been affiliated with Platinum Partners L.P. (Platinum), purportedly a $1.7 billion hedge fund based in New York City. Charges Against Platinum Charged with securities fraud, investment adviser fraud, securities fraud conspiracy, investment adviser fraud conspiracy, and wire fraud conspiracy are …
The Financial Industry Regulatory Authority (FINRA) announced on October 20, 2016 that it is seeking SEC approval of proposed rules to help prevent the financial exploitation of seniors and other vulnerable adults. FINRA’s proposed rules would require firms to make reasonable efforts to obtain the name of and contact information for a trusted contact person …
The Stockbroker Malpractice team of McCarthy, Lebit, Crystal & Liffman Co., LPA is investigating claims against Mark N. Wesley, a former broker with Ameriprise Financial Services. Wesley, who worked in Independence, Ohio, now is out of the industry. Mark Wesley’s Fraudulent Practices According to his public record, Wesley recently was “permitted” by the Ameriprise to resign …
