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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 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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March 25, 2021
Comments Off on Scott Wolfrum, Former David A. Noyes & Co. Advisor, Settles Charges with the SEC
Blog, Current Investigations, Securities Fraud
Financial Advisor Scott Wolfrum Censured and Fined for Conflicts of Interest in Investment Recommendations According to an administrative order on March 24, 2021, the Securities and Exchange Commission announced it has settled charges with broker Scott Wolfrum over allegations that Wolfrum failed to disclose conflicts
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March 25, 2021
Comments Off on Ex-UBS Broker Joseph M. Whitney Charged with Money Laundering & Fraud
Blog, Current Investigations, Securities Fraud
CFP Board Suspends N.J. Advisor For Alleged Real Estate Fraud after Criminal Charges The Certified Financial Planner Board of Standards (CFP Board) has reportedly suspended former UBS advisor Joseph M. Whitney who was reportedly one of five people charged with conspiring to defraud investors and mortgage lenders of
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March 23, 2021
Comments Off on Lawsuit Filed Against Cetera Advisors, LLC over High Risk Energy Investments
Blog, Current Investigations, Securities Fraud
FINRA Lawsuit Alleges Financial Advisor George Merhoff, Jr. made Unsuitable Investment Recommendations The White Law Group has submitted a claim to FINRA Dispute Resolution on behalf of a retired Bend, Oregon couple alleging Cetera Advisor George Merhoff, Jr. unsuitably invested his clients in high risk energy
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