-
April 26, 2018
Comments (0)
Blog, Securities Fraud
FINRA proposes new rule for Churning Fraud – Excessive trades The Financial Industry Regulatory Authority Inc. is proposing a new rule to catch more brokers who are churning customer accounts, according to an article in Investment News on Monday. FINRA and the Securities and Exchange Commission have been targeting
Read More »
-
January 26, 2018
Comments (0)
Current Investigations, Securities Fraud
FINRA Alleges Joseph C. Farah Churned Customer’s Account According to the Financial Industry Regulatory Authority, on January 17, 2018, Joseph C. Farah (CRD#: 2978633, Irvine, CA) submitted an Offer of Settlement consenting to FINRA’s findings and is permanently barred from working in the securities industry.
Read More »
-
October 13, 2017
Comments (0)
Blog
Steven John Meyer, Recovery of Investment Losses According to the Financial Industry Regulatory Authority, Steven John Meyer of Staten Island, New York, has been barred from the securities industry. In August, Steven John Meyer was barred by The State New Hampshire State Securities Bureau for allegations of
Read More »
-
June 29, 2017
Comments (0)
Blog, Current Investigations, Securities Fraud
Recovery of Investment Losses due to Churning Fraud Are you a victim of churning fraud? If so, the securities attorneys of The White Law Group may be able to help you recover your losses by filing a FINRA arbitration claim against the brokerage firm that employed your advisor. The White Law Group continues to file
Read More »
-
May 25, 2017
Comments (0)
Current Investigations
Recovery of investment losses in Adageo Energy Group – Drilling Program 2007 LLC Investment Losses Did you lose money investing in Adageo Energy Group – Drilling Program 2007 LLC at the recommendation of your broker? If so, The White Law Group may be able to help you recover your losses by filing
Read More »
-
May 23, 2017
Comments (0)
Securities Fraud
Former clients of LPL Financial are fighting the firm and their broker, Jason N. Anderson in Beaumont, Texas. Plaintiffs Elijah Denson and Olan Weeks of Beaumont, Texas, seek more than $1 million in damages on behalf of “hundreds” of current and former clients of Jason N. Anderson, at LPL Financial in a
Read More »
-
May 15, 2017
Comments (0)
Blog
Recognizing Excessive Trading or Churning in your Brokerage Account In January, the SEC’s Office of Investor Education and Advocacy (OIEA) and Broker-Dealer Task Force jointly issued an Investor Alert to help investors recognize excessive trading in their brokerage accounts. Excessive Trading or churning occurs
Read More »
-
April 25, 2017
Comments (0)
Blog
FINRA Tightens Sanctions on Churning In April 2017, the Financial Industry Regulatory Authority announced that it had revised its sanction guidelines for violations of its rules. The revisions include changes relating to rule violations that involve churning or unauthorized transactions. What is Churning? As we have
Read More »
-
April 17, 2017
Comments (0)
Current Investigations, Securities Fraud
Recovery of Investment losses from Churning Fraud Churning fraud is defined as an unethical practice employed by some financial advisors to increase their commissions by excessively trading in a client’s account. This practice violates various FINRA Rules and is often referred to as excessive trading. FINRA Rule
Read More »
-
April 6, 2017
Comments (0)
Current Investigations
Concerned about investment losses with your broker? If you suspect your account has been excessively traded, your broker may be churning your account. But how can you be certain? According to the SEC, churning occurs when a broker engages in excessive buying and selling of securities in a customer’s account
Read More »
