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September 19, 2017
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Blog, Current Investigations, Securities Fraud
SEC Bars Former Washington Broker George Thoreson According to a press announcement, the Securities and Exchange Commission has barred George Thoreson, formerly of Wells Fargo Advisors. Thoreson agreed to settle SEC charges that he purportedly manipulated the stock of a microcap company in an attempt to get it
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September 18, 2017
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Blog, Current Investigations, Securities Fraud
Investigating Potential Claims Involving Sonya Carmaco According to her FINRA BrokerCheck report, the United States Securities and Exchange Commission alleges that from 2004 until August 2017, advisor Sonya Camarco, while registered with LPL Financial, allegedly used her company Camarco Investments, Inc., to take over
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September 18, 2017
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Blog, Current Investigations, Securities Fraud
Update on Former Texas Advisor Tye C. Williams According to their website, the Certified Financial Planner Board of Standards has imposed an automatic interim suspension of Tye C. Williams’ CFP certification following his consent to an industry bar from FINRA. As we told you last December, Williams, who was
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September 15, 2017
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Blog, Current Investigations, Securities Fraud
Former MN Advisor Mark David Holt is purportedly serving a 10-year prison term for Wire Fraud. According to reports, Mark David Holt, 47, a former broker currently in prison, has lost a $477,000 FINRA arbitration decision. Holt’s former clients Peter Izmirian and Sandra Ingwaldson, reportedly filed their
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September 15, 2017
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Blog, Current Investigations, Securities Fraud
RBC charged with Negligence and Elder Abuse According to The Financial Industry Regulatory Authority, an all-public FINRA arbitration panel has awarded $212,000 to the estate of a former RBC Wealth Management client who had charged the firm with negligence and elder abuse. The attorneys of the client, the late Hazel
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September 15, 2017
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Blog, Current Investigations, Securities Fraud
William Garbarino Barred after Lincoln Financial fires him for allegedly false testimony According to The Financial Industry Regulatory Authority Inc. William Garbarino, a former financial advisor of Lincoln Financial in Danbury, CT, has been permanently barred from the securities industry. Garbarino allegedly gave
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September 14, 2017
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Blog, Current Investigations, Securities Fraud
Lorenzo Esteva Barred after UBS Fires him. According to the Financial Industry Regulatory Authority, Miami broker Lorenzo C. Esteva has purportedly been permanently barred from the securities industry. Esteva was reportedly fired earlier this summer for giving clients documents with false account information. Esteva
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September 11, 2017
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Blog, Current Investigations, Securities Fraud
SEC Charges Scott Newsholme with Stealing Client funds for Gambling and Personal Expenses According to a press announcement,the Securities and Exchange Commission has charged former advisor, Scott Newsholme with allegedly stealing more than $1 million from clients to support his gambling habit and other personal
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September 5, 2017
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Blog, Current Investigations, Securities Fraud
SEC Charges CT Advisor Leon Vaccarelli with Allegedly Defrauding Elderly Clients According to a press release, the Securities and Exchange Commission has charged Leon Vaccarelli of Waterbury, Connecticut, and his company with allegedly fraudulently enticing several elderly customers to invest with him and then
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September 1, 2017
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Current Investigations, Securities Fraud
What are Alternative Investments? “Alternative investments” generally refer to all non-traditional investments – like stocks, bonds, and mutual funds. Examples include oil and gas limited partnerships, non-traded REITs, business development companies, tenant-in-commons, and equipment leasing
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