-
November 29, 2009
Comments (0)
Blog, Securities Fraud
FINRA recently announced that Anderson & Strudwick (a FINRA broker-dealer based in Richmond, Virginia ) has been fined $10,000 and ordered to pay restitution to investors. Without admitting or denying the findings, Anderson & Strudwick consented to the entry of findings that it accepted and held customer
Read More »
-
November 23, 2009
Comments (0)
Blog, Securities Fraud
FINRA recently announced that Wadsworth Investment Co., Inc. and William Frederick Wadsworth of Wallingford, Connecticut have been fined $100,000 and required to hire an independent consultant to review its policies, systems, procedures (written and otherwise) and trailing related to its violations of federal
Read More »
-
November 22, 2009
Comments (0)
Blog, Securities Fraud
FINRA recently announced that Fortune Financial Services, Inc. (a FINRA registered broker-dealer based in New Brighton, Pennsylvania ) and Brian Lee Daniels have been censured and fined $125,000 and $25,000 respectively. Additionally, Daniels has been suspended from association with any FINRA member in any principal
Read More »
-
November 18, 2009
Comments (0)
Blog, Securities Fraud
As provided for in FINRA Notice to Member (NTM) 09-63, the following rules currently apply to discretionary brokerage accounts: FINRA Rule 2510 FINRA Rule 2510 addresses the obligations of members that have discretionary power over a customer’s account. Rule 2510(a) (excessive transactions/excessive trading)
Read More »
-
November 16, 2009
Comments (3)
Blog, Securities Fraud
We are investigating a potential securities fraud case on behalf of a 94 year old retiree living in Delray Beach, Florida. This investor lost over $1.5 million (her entire life savings) investing in options on margin with TD Ameritrade. Apparently, the investor, who has a history of medical ailments that impact her
Read More »
-
November 15, 2009
Comments (0)
Blog, Securities Fraud
The White Law Group is a securities fraud, securities arbitration, and investor protection, law firm with offices in Chicago, Illinois and Boca Raton, Florida The White Law Group has its office in Boca Raton, Florida because of the obvious benefits of being located so close to FINRA Dispute Resolutions’ Southeast
Read More »
-
November 12, 2009
Comments (1)
Blog, Securities Fraud
We are investigating a possible securities fraud claim on behalf of an investor with Edward Jones’ Wilmette, Illinois office (Wilmette is a suburb of Chicago). This investor advised his financial advisor that he wanted conservative investments only. Edward Jones solicited his investment in CIT Group bonds. The
Read More »
-
November 11, 2009
Comments (0)
Blog, Securities Fraud
There are many different types of variable annuity contracts, but these variable annuity contracts are typically not different in the benefits to the investor, but rather in the compensation to the financial advisor selling the annuity. While all variable annuity contracts offer tax deferral and other guarantees that
Read More »
-
November 4, 2009
Comments (0)
Blog, Securities Fraud
Financial Industry Regulatory Authority (FINRA) recently announced that it has barred Richard L. Wood, a Miamisburg, Ohio, broker, from the securities industry for stealing a $90,000 inheritance two sisters received from a deceased aunt and using it for his own purposes. FINRA also found that Wood created and sent
Read More »
-
November 1, 2009
Comments (0)
Blog, Securities Fraud
The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Boca Raton, Florida. The White Law Group has its office in Boca Raton, Florida because of the obvious benefits of being located so close to FINRA Dispute Resolutions’
Read More »
