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October 14, 2019
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Blog, Current Investigations
Financial Advisor Michael H. Siva, Morgan Stanley in Morristown, NJ Are you concerned about investments with Michael H. Siva in Morristown, NJ? If so, the securities attorneys at The White Law Group may be able to help you by filing a FINRA Dispute Resolution claim. In an SEC order on October 8, the SEC reportedly
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October 14, 2019
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Blog, Current Investigations
Financial Advisor Stephen J. Klinger, Wells Fargo in Asheville, NC Are you concerned about investments with Stephen J. Klinger (Steve Klinger) in Ashville, NC? If so, the securities attorneys at The White Law Group may be able to help you by filing a FINRA Dispute Resolution claim. According to the Financial Industry
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October 14, 2019
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Blog
Leveraged Loans Lose 10 Percentage Points in 3 months According to an article in Yahoo Finance last week, $40 billion in leveraged loans are reportedly taking a dive. The loans, tied to more than 50 companies, have lost at least 10 percentage points of face value in just three months, according to Bloomberg data.
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October 11, 2019
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Blog, Current Investigations
Financial Advisor Dain F. Stokes, LPL Financial in Bedford, NH Are you concerned about investments with Dain F. Stokes in Bedford, NH? If so, the securities attorneys at The White Law Group may be able to help you by filing a FINRA Dispute Resolution claim. According to news reports today, New Hampshire’s Bureau
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October 10, 2019
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Blog
FINRA Award: Customer Complaint against Stifel Nicolaus for Alleged supervisory failures According to public records posted last week, a Financial Industry Regulatory Authority (FINRA) arbitration panel has ordered Stifel Nicolaus to pay $1.5 million to three Baltimore, MD customers who alleged the firm failed to
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October 9, 2019
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Blog, Securities Fraud
Does a financial advisor have to factor in taxes when making a recommendation? Before recommending an investment, financial advisors are required by FINRA Rule 2111 to ensure that the recommendation is suitable for that customer based on several important factors including tax status. The tax implications of the
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October 8, 2019
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Blog, Securities Fraud
Michael Filipidis, former Wells Fargo employee, reportedly scams elderly customer out of $800,000. According to an article in WSCOTV, Michael Filipidis, a former Wells Fargo employee, reportedly pleaded guilty in federal court Tuesday to wire fraud and aggravated identity theft charges, after purportedly pretending to
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October 7, 2019
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Blog, Current Investigations
FINRA Sanctions UBS Financial Services involving Municipal short positions According to the public records on FINRA’s website, on October 2, 2019, the regulator reportedly sanctioned UBS Financial Services with a censure and a $2,000,000 fine for “repeated failures” with representing municipal short positions in
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October 7, 2019
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Blog, Current Investigations
Financial Advisor James M. Lamont, Whitehall-Parker Securities in San Francisco, CA Are you concerned about investments with James M. Lamont in San Francisco, CA? If so, the securities attorneys at The White Law Group may be able to help you by filing a FINRA Dispute Resolution claim. According to the Financial
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October 7, 2019
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Blog
FINRA Sanctions C. L. King & Associates Inc., Albany, New York According to the public records on the Financial Industry Regulatory Authority’s (FINRA) website, on October 2, 2019, the regulator reportedly sanctioned C. L. King & Associates Inc. (CRD #6183, Albany, New York) with a censure and a $292,000
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