-
September 9, 2021
Comments Off on Santander Investment Securities Inc. Censured & Fined
Blog, Securities Fraud
FINRA Sanctions Santander Investment Securities for Inaccurate Disclosures According to the Financial Industry Regulatory Authority (FINRA) on September 7, 2021, the regulator has censured and fined Santander Investment Securities (CRD #37216) $175,000 for inaccurate and omitted disclosures. Between
Read More »
-
August 3, 2021
Comments Off on SEC Approves FINRA Rule Change to Protect Investors from Rogue Brokers
Blog, Securities Fraud
FINRA Rule Change will Protect Investors from High Risk Firms, Broker Misconduct According to The Securities and Exchange Commission on Friday, the regulator has approved a FINRA rule change to protect investors from brokers with a long record of misconduct. FINRA Rule 4111 (Restricted Firm Obligations) was created to
Read More »
-
August 2, 2021
Comments Off on Parking REIT Executive Allegedly Charged with Defrauding Investors
Blog, Current Investigations, Securities Fraud
SEC Charges Real Estate Executive With Defrauding Vestin REIT Investors According to the Securities and Exchange Commission on July 30, the regulator is charging an executive of the Parking REIT, and his wholly owned investment advisory firm, Vestin Mortgage LLC with fraud. The SEC alleges that since at least 2012,
Read More »
-
July 20, 2021
Comments Off on Wilson-Davis Co. Inc. to pay $500,000 for Supervisory Failures
Blog, Current Investigations, Securities Fraud
FINRA Sanctions Wilson-Davis Co. Inc. for Failure Supervise The White Law Group is investigating potential securities claims involving Wilson-Davis Co. Inc. (CRD# 3777). The Financial Industry Regulatory Authority (FINRA) has censured and fined Wilson-Davis, a self-clearing broker-dealer that specializes in
Read More »
-
June 16, 2021
Comments Off on FINRA Complaint: Marc Reda of Spartan Capital, Charged with Broker Misconduct
Blog, Current Investigations, Securities Fraud
FINRA Alleges Marc Reda Excessively Traded 19 Customer Accounts in Unsuitable Strategy According to public documents posted on June 15, the Financial Industry Regulatory Authority (FINRA) is investigating financial advisor Marc A. Reda CRD No. 2757330) of New York, NY for several alleged rules violations. According to
Read More »
-
June 2, 2021
Comments Off on SEC Charges James Couture, LPL Financial with Stealing $2.9 Million from Clients
Blog, Current Investigations, Securities Fraud
LPL Financial Broker James Couture Charged with Defrauding Clients According to a press announcement on June 1, 2020, the Securities and Exchange Commission charged former LPL Financial advisor James Kenneth Couture with defrauding his advisory clients by allegedly stealing approximately $2.9 million from them. In a
Read More »
-
April 30, 2021
Comments Off on FINRA Claim: Morgan Stanley & Broker Jacob Shapira Sued over Alleged Churning & Over-concentration
Blog, Current Investigations, Securities Fraud
Morgan Stanley Broker Jacob “Cobby” Shapira allegedly Shorted Amazon Stock According to Financial Advisor IQ this week, a Financial Industry Regulatory Authority arbitration panel has ordered Morgan Stanley and financial advisor Jacob Shapira to pay close to $800,000 over alleged over-concentration and
Read More »
-
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
Read More »
-
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
Read More »
-
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
Read More »
