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March 31, 2014
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Blog, Securities Fraud
According to the SEC, Frank Mazzola and the brokerage firm Felix Investments Inc will pay $500,000 to settle charges with the Securities and Exchange Commission. In 2012, Mazzola and Felix allegedly defrauded investors in funds created to purchase shares in technology companies, such as Facebook, prior to their
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March 28, 2014
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Blog, Securities Fraud
Have you suffered financial losses as a result of your purchase of Redwood Mortgage Investors VIII (RMI VIII)? If so, The White Law Group may be able to help you recover your investment losses through a FINRA arbitration claim against the broker dealer that recommended this product. According to Redwood’s
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March 27, 2014
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Blog, Securities Fraud
According to The Associated Press, the DBSI trial is on hold after FBI agent, Rebekah E. Morse, died of a self-inflicted gunshot to the head following her testimony. Authorities have not released the details of Morse’s suicide note, and it is unknown if her testimony had any bearing on her death. However, the
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March 27, 2014
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Blog, Securities Fraud
Have you suffered investment losses in Franklin Double Tax-Free Income Fund (FPRTX)? To the extent that the investment was recommended to you by your financial advisor, the securities attorneys of The White Law Group may be able to help you recover your losses by filing a FINRA Dispute Resolution claim against the
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March 25, 2014
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Blog, Securities Fraud
According to Investment News, an ex-employee of Wells fargo, Erika Williams, has filed a lawsuit claiming that the firm’s attempt to recoup $50,000 in training costs violates labors laws. According to the report, Ms. Williams earned an annual salary of $45,000 and was in the program for about a year until she was
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March 25, 2014
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Blog, Securities Fraud
According to Investment News, the Financial Industry Regulatory Authority (FINRA) is investigating the $3.5 billion of general obligation bonds that Puerto Rico sold on March 11, 2014. Offering documents stipulate that the bonds be issued in minimum denominations of $100,000. However, some reports indicate smaller
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March 24, 2014
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Blog, Securities Fraud
According to reports, the Financial Industry Regulatory Authority (FINRA) recently fined LPL Financial $950,000 for failure to adequately supervise the sale of alternative investment. These investment products apparently included non-traded RIETs, oil and gas partnerships, business development companies (BDCs), hedge
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March 21, 2014
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Blog, Securities Fraud
According to InvestmentNews, Inland American REIT commenced an offer on March 14, 2014 to buy back a small number of shares. Investors in Inland American REIT should be receiving written notification of the tender offer in the mail. According to the tender offer, Inland American REIT is offering to purchase up to
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March 21, 2014
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Blog, Securities Fraud
According to the the South Florida Business Journal, the Financial Industry Regulatory Industry (FINRA) has suspended former Wall street Money Center Corp President and CEO, Peter Bruno, over allegations of false advertisement. FINRA accused Bruno of marketing his services through allegedly misleading sales brochures
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March 21, 2014
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Blog, Securities Fraud
According to South Florida Business Journal, former Liberty Partners Financial Services broker, Ariel Luis Hernandez, has been permanently barred form working in the securities industry. The Financial Industry Regulatory Authority (FINRA) reportedly barred Hernandez over allegations that he wired money from a clients
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