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April 22, 2021
Comments Off on SEC Orders Final Judgment against Ex-advisor Lester “Chad” Burroughs
Blog, Current Investigations, Securities Fraud
Ex-Lincoln Investment advisor Lester “Chad” Burroughs Found Guilty of Wire Fraud The Securities and Exchange Commission has entered a final judgment this week against Lester “Chad” Burroughs, of Torrington, CT in connection to allegations that he defrauded three advisory clients out of $575,000, according to
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April 21, 2021
Comments Off on GPB Holdings II LP “Ponzi-Like Scheme” – Recovery for Investors
Blog, Current Investigations, Securities Fraud
GPB Holdings II LP Lawsuits Investigation Update The White Law Group continues to investigate potential securities lawsuits involving broker dealers who recommended GPB Holdings II and other GPB offerings to its clients. GPB Holdings II LP is a private placement fund sponsored by GPB Capital Holdings, LLC, a New
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April 19, 2021
Comments Off on Ex-Suntrust Advisor Eddy Blizzard Charged with Stealing $1M+ from Client’s Retirement Account
Blog, Current Investigations, Securities Fraud
Eddy Blizzard, Baltimore, MD Charged with Wire Fraud, Identity Theft Former Suntrust financial advisor, Eddy Blizzard, is reportedly facing charges that he defrauded one of his clients out of more than $1 million, according to an article in Financial Advisor IQ today. While working at a bank from 2003 to 2014, Eddy
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April 2, 2021
Comments Off on GPB Automotive Portfolio LP Lawsuits Investigation Update
Blog, Current Investigations, Securities Fraud
GPB Automotive Portfolio LP “Ponzi-Like Scheme” – Recovery for Investors GPB Automotive Portfolio LP is a private placement fund sponsored by GPB Capital Holdings, LLC, a New York-based global asset management firm. The White Law Group continues to investigate potential securities fraud claims involving
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April 1, 2021
Comments Off on 10 Worst Financial Advisors in America according to Think Advisor
Blog, Securities Fraud
Think Advisor: 10 Worst Financial Advisors in America 2021 Think Advisor, an on-line investment news magazine, posted an article this week on the Ten Worst Financial Advisors in America in 2021. The list includes financial advisors and brokers charged with various illegal activities including Ponzi- type schemes,
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March 31, 2021
Comments Off on The SEC charges Adviser Douglas Elstun with Fraud
Blog, Current Investigations, Securities Fraud
Investment Adviser Douglas Elstun, Lenexa, KS charged with Defrauding Clients According to a press announcement on March 30, the Securities and Exchange Commission announced charges against Douglas E. Elstun of Lenexa, Kansas, an investment adviser, for allegedly repeatedly defrauding and breaching his fiduciary duty
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March 31, 2021
Comments Off on Raymond James Broker Gary Dodds Sanctioned for Churning/Excessive Trading
Blog, Current Investigations, Securities Fraud
Oregon reportedly fines Advisor Gary Dodds for alleged financial exploitation of five elderly clients. According to an article in Gorge Country Media on March 12, the Oregon Division of Financial Regulation has fined financial advisor Gary Dodds, of Bend, Oregon, and his employer, $220,000 for excessively trading
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March 30, 2021
Comments Off on American Independent Securities Group to pay $275,000 to Customers
Blog, Current Investigations, Securities Fraud
FINRA sanctions American Independent Securities Group for Supervisory Issues The White Law Group is investigating potential securities claims involving American Independent Securities Group, Inc. (CRD No. 135288). According to a Letter of Acceptance Waiver and Consent posted on FINRA’s site on March 29, the
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March 26, 2021
Comments Off on Jeffrey Fladell, Ex-RBC Capital Markets Suspended from Securities Industry
Blog, Current Investigations, Securities Fraud
Jeffrey Fladell Reportedly Suspended for Allegations of Unsuitable Recommendations involving 100 year old Customer According to the Financial Industry Regulatory Authority (FINRA) on March 25, 2021, the regulator has reportedly suspended financial advisor Jeffrey Fladell (CRD #209278) from the securities industry
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March 26, 2021
Comments Off on Ex-Morgan Stanley Financial Advisor Michael Barry Carter Sentenced to Prison
Blog, Current Investigations, Securities Fraud
Michael Barry Carter Reportedly Pled Guilty to stealing at least $6.15 million Michael Barry Carter, former Morgan Stanley financial advisor, was sentenced to five years in prison this week after pleading guilty to stealing at least $6.15 million from brokerage customers, according to the U.S. Attorney’s Office
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