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December 14, 2018
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Blog, Current Investigations
Broker Investigation – Christopher C. Hellman – Merrill Lynch – Boca Raton, FL According to the Financial Industry Regulatory Authority (FINRA), the regulator has reportedly barred former advisor Christopher C. Hellman from the securities industry for failure to provide information in an investigation. According
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December 14, 2018
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Blog, Current Investigations
FINRA Examination Findings: firms need to tighten up supervisory systems. Last Friday, the Financial Industry Regulatory Authority announced examination findings that many brokerage firms have been recommending unsuitable investments without considering the impact that cumulative fees, sales charges and commissions
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December 13, 2018
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Blog, Securities Fraud
The White Law Group announces the filing of a FINRA Arbitration claim against Capital Financial Services, Inc. The White Law Group filed and submitted the FINRA claim on behalf of a group of unsophisticated retirees residing in Minnesota and North Dakota alleging claims for violation of common law fraud, breach of
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December 7, 2018
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Blog, Current Investigations
NorthStar Healthcare Income Inc. – Decreases Estimated Net Asset Value (NAV) According to filings with the SEC, on December 4, 2018, NorthStar Healthcare Income Inc. (NHI) announced an estimated NAV per share of $7.10 as of June 30, 2018. This is a reduction of approximately 16.5% from the previous NAV per share of
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December 5, 2018
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Blog, Current Investigations
Cole Office & Industrial REIT New Tender Price $7.51/share According to SEC filings on November 18, 2018, CMG Partners, Inc. has launched a third-party mini tender offer to purchase up to 275,000 Class A shares of Cole Office & Industrial REIT, Inc.’s common stock for $7.51 per share. Unfortunately for
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December 5, 2018
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Blog, Current Investigations, Securities Fraud
David Fagenson Accused by FINRA of Churning Client Accounts According to the Financial Industry Regulatory Authority (FINRA), the regulator has suspended former UBS broker, David Fagenson, for alleged excessive trading in elderly client accounts. According to a Letter of Acceptance, Waiver and Consent, from January
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December 4, 2018
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Blog, Current Investigations
Mitchell Kurtz – Henley & Company – Roslyn Heights, New York According to the Financial Industry Regulatory Authority (FINRA), the regulator has barred former financial advisor Mitchell Kurtz (CRD# 2437746) from associating with any FINRA member at any time. Without admitting or denying the findings, Kurtz
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December 4, 2018
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Blog, Current Investigations, Securities Fraud
Ralph VonLutzow – Oberweis Securities – Sarasota, FL According to the Financial Industry Regulatory Authority (FINRA) on December 3, 2018, the regulator has barred former financial advisor Ralph VonLutzow from associating with any FINRA member at any time. From October 2012 through January 2014, while
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December 4, 2018
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Blog, Publications
You don’t expect your investment broker to play tricks on you—so it is possible that you haven’t noticed that the broker has been churning your account, needlessly buying and selling assets to generate trading fees at your expense. Yes, this is something that happens, and in bull markets especially—it’s
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December 4, 2018
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Blog
Noel Carino – General Securities Corp. – North Kansas City, MO According to the Financial Industry Regulatory Authority (FINRA) on November 30, 2018, the regulator has barred former financial advisor Noel Carino from associating with any FINRA member at any time. In March 2018, FINRA reportedly commenced an
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