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November 30, 2018
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Blog
Churning Losses Recovery According to the Financial Industry Regulatory Authority Inc. (FINRA), FINRA Arbitrators awarded more than $1 million to a client who alleged account churning by his broker at Legend Securities Inc. The FINRA panel of three awarded Herbert Voss $700,000 in punitive damages in addition to
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January 9, 2018
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Blog, Current Investigations, Securities Fraud
FINRA Orders Broker and Madison Avenue Securities to pay Court costs and fees According to the Financial Industry Regulatory Authority, an all-public FINRA arbitration panel has awarded a California investor the entire amount of her churning claim. The award is against broker David Lloyd Barber and his firm, Madison
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October 13, 2017
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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
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June 29, 2017
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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
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May 23, 2017
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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
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May 15, 2017
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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
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April 25, 2017
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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
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April 17, 2017
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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
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April 6, 2017
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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
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March 15, 2017
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Securities Fraud
Is your broker churning your account? Are you the victim of churning by your financial advisor? If so, the securities attorneys of The White Law Group may be able to help you recover your losses through FINRA arbitration. The White Law Group continues to file FINRA arbitration cases on behalf of clients who have
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