Minneapolis, Minnesota – In a case recently settled in FINRA Arbitration, Mark Holt and Harbour Investments, Inc., were accused of negligence, breach of fiduciary duty, unjust enrichment, conversion, civil theft and other securities law violations. The claimant sought $1.2 million in damages. The amount of settlement was not reported. In 2014, Mark Holt defrauded multiple …
A review of the Securities and Exchange Commission’s records reveals that the SEC is pursuing claims related to four oil and gas scams in the last two months alone. The SEC complaints carry common themes: high pressure sales tactics, misrepresentations regarding the use of investor funds and the likelihood of success in drilling operations, and …
Most of us still vividly remember the housing bubble and its disastrous aftermath. The underwriting and repackaging of residential sub-prime mortgages helped drive the economy into a meltdown in 2008 and led to our worst recession since the Great Depression. The Housing Bubble But in case you need a refresher, let’s summarize. Beginning in the …
Do you have an investment account at a brokerage firm? What kind of professional handles that account? Maybe you have a “financial adviser” or a “wealth manager” or an “investment consultant” or an “account executive” or someone with a similarly high-sounding title. But here’s the truth. If your purported adviser/manager/consultant/executive is employed by a brokerage …
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 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 …
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 …
On October 17, 2016, broker-dealer ProEquities, Inc. of Birmingham, Alabama was censured and fined $165,000 by FINRA. The firm consented to the sanctions and to the entry of findings that (among other things) it failed to establish, maintain, and enforce adequate written procedures to supervise sales of non-traditional Exchange Traded Funds or “ETFs”. The findings …
