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March 27, 2017
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Securities Fraud
Recovery of Investment Losses in VGTel According to Investment News, broker Christopher Cervino of Franklin Lakes, N.J., and Sheik F. Kahn, a registered investment adviser in Las Vegas, NV, have been found guilty of securities fraud by a federal court in New York. As we told you last January, the case involves 100
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December 6, 2016
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Blog, Securities Fraud
Christopher Cervino, 43, faces fraud and other charges for his alleged involvement in a scheme to trade stock at inflated prices, according to reports. Authorities allege the plan was masterminded by a man previously convicted in another stock scam. Authorities say Cervino allegedly accepted two payments equaling
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January 18, 2016
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Blog, Securities Fraud
The White Law Group continues to investigate potential claims on behalf of investors duped by Edward Durante and his associates. According to Cleveland.com, on Dec. 18th, Durante was arrested in Germany an extradited to the U.S. Durante is accused of orchestrating a scheme that netted $15 million, $9 million of which
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January 8, 2016
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Blog, Securities Fraud
The Securities and Exchange Commission (SEC) has charged Edward Durante with operating a multi-year offering fraud that swindled investors out millions. According to a press release, the SEC complaint alleges that between 2012 and 2014, Durante defrauded “relatively unsophisticated investors” out of at
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March 1, 2012
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Current Investigations
Concerned about losses in a CNL Properties REIT? Have you suffered investment losses in a CNL Properties REIT? If so, The White Law Group may be able to help you recover your losses through FINRA arbitration. The White Law Group is investigating potential securities fraud claims involving broker-dealers’ improper
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January 17, 2012
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Blog, Securities Fraud
Institutional Capital Management, Inc., a FINRA registered broker-dealer based in Houston, Texas, recently submitted a Letter of Acceptance, Waiver and Consent in which the firm was fined $65,000. Without admitting or denying the findings, the firm consented to the described sanctions and to the entry of findings that
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May 16, 2011
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Blog, Securities Fraud
Purshe Kaplan Sterling Investments, Inc. (CRD #35747, Albany, New York) recently submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $100,000. Without admitting or denying the findings, the firm consented to the described sanctions and to the entry of findings that it failed
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May 16, 2011
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Blog, Securities Fraud
Investigation o Noble International Investments, Inc. Noble International Investments, Inc. (CRD #15768, Boca Raton, Florida) recently submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $27,500. Without admitting or denying the findings, the firm consented to the described
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September 9, 2010
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Blog, Securities Fraud
FINRA recently issued a regulatory decision wherein William James Murphy was fined $591,933.67 as disgorgement of commissions and barred from association with any FINRA member in any capacity. The sanctions were based on findings that Murphy exercised discretion in clients’ accounts without the customers’ or his
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May 28, 2010
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Blog, Securities Fraud
FINRA recently announced that Reed Theodore Johnson, of Cuso Financial Services, L.P., has been fined $7,500 and suspended from association with any FINRA member in any principal capacity for 10 business days (the suspension was effective from April 19, 2010 through April 30, 2010). Without admitting or denying the
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