Blog Categories | The Law Offices of Jonathan W. Evans & Associates

Securities Fraud
- Jun 27, 2012 Michael D. Montgomery Pleads Guilty to Wire Fraud, Client's Loss Over $1 Million
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- Apr 27, 2012 Getting to Know Reverse Convertibles
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- Apr 27, 2012 High Yield Investment Programs (HYIP): A Risky Venture
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ETFs
- Dec 17, 2018 Emerging Markets, Resources Top Worst-Performing Mutual Funds and ETFs of 2018
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- Sep 19, 2018 UNG Leads Worst Performing Passive Funds Since 2008's Financial Crisis
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- Aug 10, 2017 Buyer Beware - Worst Performing Mutual Funds & ETFs From 2012-2017
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Arbitration
- Mar 28, 2024 Stifel Financial Agrees to Pay for Failing to Supervise Brokers Who Allegedly Stole Client Funds, Made Unsuitable Trades
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- Feb 22, 2024 Morgan Stanley Broker Stole $3.5 Million from Clients, According to SEC, Arrested for Elder Exploitation
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- Dec 15, 2023 Pursuing Claims Against Theresa Allen of RBC Capital for Unsuitable First Republic Sales
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Auction Rate Securities
- May 16, 2012 Arbitration: Wells Fargo Ordered to Buy Back $2.2 Million in Auction Rate Securities
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Discipline
- Feb 13, 2025 Newbridge Securities Fined for Margin Suitability Supervisory Failures & Investor Losses
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- Nov 11, 2024 FINRA Disciplines Marc Barton for Reusing Customer Signatures on New Documents
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- Oct 10, 2024 FBL Marketing's Richard Connally Fined for Forgery
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Outside Business Activity
- Aug 30, 2024 Drive Planning CEO Russell Burkhalter Accused of $300 Million Ponzi Scheme
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- Nov 24, 2015 Joseph Holzhause Barred for False and Misleading Letter, Undisclosed Business Activity
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Conversion
- Jan 31, 2025 Fidelity Fined for Supervisory Failures After Employee Steals $758,000 From Clients
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- Jun 20, 2023 LPL Financial Ex-Broker Patrick Thayer Charged with Misappropriating $1.3 Million from Client
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- May 3, 2023 Wells Fargo's Tyler Rigsbee Sentenced to Prison for Stealing Money from Elderly Clients
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Elder Abuse
- Jan 23, 2019 FINRA's 2019 Exam Priorities Feature Senior Protections, Suitability, Outside Business Activities
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- May 12, 2018 Wells Fargo Survey Finds Two-Thirds of Financial Crimes Against Elderly Are Committed By Trusted Individuals
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- Jan 22, 2015 Ex-UBS Broker Donna Jessee Tucker Barred, Convicted of Fraud for Stealing from Elderly in Ponzi-like Scheme
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Ponzi Scheme
- Nov 8, 2022 Stephen Romney Swensen, Crew Capital Group Named in $30 Million Ponzi Scheme Complaint
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- Feb 5, 2018 SEC Adds Misappropriation to Sports Advisor Ash Narayan's Fraud Charge in Amended Complaint
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- Jan 26, 2018 SEC Charges Woodbridge Group of Companies in 'Massive' $1.2 Billion Ponzi Scheme Targeting 8,400 Investors
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Mutual Funds
- Jul 18, 2018 Financial, Energy Sectors Feature in 10 Funds with Largest Losses in First Half of 2018
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- Dec 29, 2017 Ranking the 20 Worst Performing Mutual Funds by Lowest Return
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- Oct 15, 2015 UBS Managed High Yield Plus Fund Board Approves Liquidation Plan
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Mortgage Backed Securities
- Jun 7, 2012 Oppenheimer to Pay $35 Million for Misleading Investors During Financial Crisis
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Due Diligence
- May 20, 2020 Brokerage Warning Issued for Oil-Linked ETPs, Including US Oil Fund
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- Aug 25, 2016 SEC Fines 13 Firm $2.2 Million for Repeating False ETF Claims by F-Squared Investments
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- Apr 10, 2015 New Hampshire Regulator Seeks $3.6 Million from LPL for Unsuitable REIT Sales to Elderly Clients
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Reverse Convertibles
- Oct 11, 2013 558% Increase in Reverse Convertible Sales at Bank of America Signifies Acceptance of Increased Volatility and Risk
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- Jan 26, 2013 Revenge of the Reverse Convertible - Apple
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- Jun 15, 2012 Merrill Lynch Fined $450,000 for Poor Supervisory System Related to Structured Products
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Suitability
- Jul 26, 2012 Thomas Michael Buehler Fined & Suspended for Lack of Supervision
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- Jun 19, 2012 Ivan Serge Obolensky, Jr. Barred for Failure to Answer FINRA Inquiry Regarding Unsuitable Investments
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Fees
- Oct 9, 2013 Managed Futures Fund Fees: A Hidden Money Drain for a Sneaky Security
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Failure to Supervise
- Sep 6, 2021 SEC Complaint Cites Former Oppenheimer Rep John Woods for Massive $110 Million Horizon Private Equity Ponzi Scheme Targeting Elderly Retirees
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- Aug 10, 2021 Raymond James May Have Sold Unsuitable Northstar Financial Services (Bermuda) Products, Resulting in Losses Due to Northstar's Downfall
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- Aug 22, 2016 Morgan Stanley to Pay $4.7 Million for Failure to Supervise Broker's Unauthorized Trading, Settlement to Include Dimes-on-the-Dollar Payment to Burned Clients
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Brokercheck
- Nov 27, 2023 Stephen Takeda Barred During Customer Loans Investigation
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- Jan 14, 2022 Royal Alliance Associates, Sagepoint Financial & FSC Securities Sanctioned for Supervisory Failures; SagePoint Cited for Failing to Monitor Known Problem Brokers
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- May 27, 2021 Calton & Associates Sanctioned Over Volatile Exchange-Traded Product (ETP) Supervision Failures
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401(k)
- Dec 13, 2024 Paychex Securities' Michael Shoniker Suspended for Sending 401(k) Customers to Outside Firm
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- Mar 24, 2020 Coronavirus Losses, Stock Market Decline Expose Fraudulent Schemes
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- Jun 27, 2018 Kyusun Kim Barred for Unsuitable Recommendations of REITs and Alt Investments in Elderly Investors' Retirement Accounts
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Fiduciary Duty
- Jan 7, 2015 Fiduciary Duty - Putting Customers First - Tops FINRA's Regulation Priorities for 2015
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- Jun 3, 2013 SAC Capital Stops Cooperating with Government Investigation as DOJ Ramps Up Probe, Investors Flee
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- Dec 19, 2012 Aletheia CEO Peter J. Eichler Jr. Accused of Defrauding Investors, Resulting in $4.4 Million in Losses
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Margin
- Jul 13, 2012 Russell Philip Macke Suspended for Excessive Trading and Use of Margin
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- Jun 29, 2012 Investing on Margin Carries Additional Risks and May Result in Unintended Consequences
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Equity Indexed Annuities
- May 6, 2014 FINRA Targeting Fixed Annuity Sales' Risks, Firm Policies and Procedures
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- Jul 6, 2012 Catheryne June Downs Fined and Suspended for Failure to Provide Timely Notice of Outside EIA Sales
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FINRA
- Mar 11, 2021 Unsuitably Risky SPACs, "A License to Rip Investors Off," Rile SEC and FINRA Regulators
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- Jun 8, 2018 $1.2 Billion Ponzi at Woodbridge Group of Companies More Widespread Than Thought
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- May 19, 2015 FINRA Complaint Charges Scottsdale Capital Advisors, John Hurry, Timothy DiBlasi & D Michael Cruz with Illegal Microcap Sales of $1.7 Million
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Investor Alert
- Sep 8, 2015 Investor Alert Warns of Pump-And-Dump Scams Delivered Through WhatsApp, Other Messaging Apps
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- Jul 10, 2012 FINRA Issues Investor Alert on Exchange Traded Notes
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Promissory Notes
- Dec 12, 2017 Woodbridge Group of Companies, LLC, Under SEC Investigation for $1 Billion Fraud as Fund Misses Notes Payment
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Private Placements
- Jul 10, 2012 Real Estate Broker Tony Thompson Suspends Interest Payments to Investors
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Variable Annuities
- Jul 11, 2012 Brett David Henderson Fined $95,000 and Suspended for Unsuitable VA Switch Transactions
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Churning
- Jan 21, 2025 WestPark Capital Broker Matthew Turner Cited for Violating Regulation Best Interest by Excessively Trading Senior Customer Accounts
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- Sep 24, 2024 IFG VP Richard Mireles, Stewart Paxton Ginn Sanctioned in $2.2 Million Churning Scheme
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- Sep 13, 2024 Stewart Ginn Agrees to Settle Charges of Churning $2.2 Million from IFG Customers
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Pump and Dump Scheme
- Sep 22, 2014 SEC Charges Eight, Including de Maison, in Pump-and-Dump Penny Stock Fraud Scheme
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- Jul 25, 2012 Slava Volman Pleads Guilty, Sent to Prison for Securities Fraud and Conspiracy
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Anti-Money Laundering
- Dec 28, 2024 SEC Fines Morgan Stanley $15 Million for Inadequate Supervision Over Failure to Safeguard Customer Funds
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- Jul 26, 2023 Westpark Capital's Nicholas Tocco Sanctioned for AML Compliance, Supervisory Failures
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- Dec 15, 2022 Transamerica Broker Guatam Arora Arrested in Southern California on Fraud Charges
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Identity Theft
- Jul 26, 2012 Manhattan Beach Trading Financial Services, Inc. Fined $125,000 for Poor Security Measures Contributing to Identity Theft, Fraudulent Conduct
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REITs
- Nov 18, 2014 RCS Capital Confirms SEC, FINRA and MA State Regulator Investigations over $23m Error
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- Jul 11, 2013 Massachusetts Investigation into REITs: Firms Targeting Seniors for High-Risk Products
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- Aug 1, 2012 Erin Christine Ackerman Fined $20,000 and Suspended Until December 2013 for Poor Supervision, Resulting in Unsuitable Recommendations and Significant Customer Losses
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Life Settlements
- May 12, 2015 SEC Charges Radio Hosts Christopher A. Novinger, Brady J. Speers and Their Companies with Fraudulent Life Settlement Interest Sales, Making False Claims to Investors
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Forgery
- Nov 5, 2019 SEC Bars James Booth (Ex-LPL Financial) Over $5 Million Ponzi Scheme Victimizing Elderly Clients
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- Dec 18, 2018 Annemarie Thomas Suspended for Facilitating Wire Without Proper Authorization
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- Sep 9, 2015 La Mesa's Robert Earl Holaday Accused of Forging Customer Signatures
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Options
- Sep 3, 2019 UBS' Yield Enhancement Strategy Harming Low-Risk Investors Who Say No to YES
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- Aug 12, 2013 A Survey of Reverse Convertible Risks as Bank of America Takes Structured Note Sales Title
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Commissions
- Dec 2, 2024 JP Morgan to Pay $151 Million Over Major Disclosure Failures, Prohibited Transactions, Best Interest Violations, and Breaches of Fiduciary Duty
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- Nov 5, 2024 Luis Nin of UBS' Unauthorized Trades in Dead Client's Account Result in Fines, Suspension
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- Oct 25, 2024 Morgan Stanley Broker Robert Daly Barred During Private Securities Transaction Investigation
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SEC
- Mar 14, 2014 SEC Charges Brokers Michael Horowitz, Moshe Marc Cohen with $80 Million Variable Annuity Fraud
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- Apr 19, 2013 Former Wound Management CEO Scott Haire Pleads Guilty to Securities Fraud
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Account Objectives
- May 1, 2020 Wells Fargo's Bryan Benson Barred After Investigation Into DPP Customer Complaint
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- Apr 24, 2020 Brokerages Stop Risk-Laden REIT Sales After Massive Coronavirus Losses
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- Jun 26, 2019 Cetera's George Merhoff Barred on 35th Broker Disclosure After $3.8 Million in Settlements
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Bonds
- Mar 21, 2023 As Credit Suisse Shareholders Suffer Losses, AT1 Bond Holders Lose Everything
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- Oct 6, 2022 As Credit Suisse Nears Financial Jeopardy, Potential Customer Losses Loom for its Structured Products
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- Sep 27, 2022 ProMedica Health System Downgraded, $2+ Billion Debt Spurring Review for Junk Status and Possible Default
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LPL
- Jul 5, 2019 SEC Complaint Names LPL Financial Ex-Broker Kerry Lee Hoffman Alongside Fraudster Thomas Conwell
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- Apr 25, 2016 Customers Accuse LPL Financial and its Ex-Broker Karl Romero of Misrepresentation, Unsuitable Recommendations
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- May 24, 2013 Former LPL Financial Adviser Blake Richards Charged in $2 Million Fraudulent Scheme
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Confidentiality
- Jan 30, 2023 SoCal Broker Jay Eng Cited for Impersonating Customer in Call with Annuity Company
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- Apr 7, 2014 Steven Robert Tomlinson Fined & Suspended for Downloading Confidential Customer Information
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- Feb 14, 2013 Jay Sheldon Potter Jr. Fined & Suspended for Confidentially Settling Complaint without Informing Firm
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Merrill Lynch
- Jul 22, 2015 Merill Lynch Fires Senior VP Marc D Lowe of the $2.5 Billion Vilardo, Lowe & Associates Team for "Inappropriate Workplace Behavior"
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Citigroup
- Apr 6, 2024 The Risk of Rising Autocollable Structured Products: The Case of the Worthless Bank
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- Jan 17, 2020 Citigroup, YieldStreet Plans Risky Hedge Fund Product for Retail Customers
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- Jan 9, 2018 Citigroup Sanctioned $11.5 Million for Displaying Inaccurate Equity Research Ratings, Such as "Buy" When the Firm Meant "Sell"
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Discretionary Trading
- Oct 20, 2015 James Christianson Fined, Suspended for Unauthorized Use of Discretion
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Communications
- Sep 16, 2024 Nationwide Planning Associates Cited for Trying to Prevent Customers from Complaining About Firm to SEC
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- May 17, 2024 Jeffries Broker Cited for Using WhatsApp To Conduct Securities Business
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- May 10, 2024 After $13 Million in Penalties for 'Widespread Failure,' Oppenheimer Fined $500,000 for Supervisory and Suitability Gaps
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Derivatives
- Mar 31, 2013 UBS-Sponsored Willow Fund Drops 80 Percent After Manager Sam Kim Switches to Risky Derivatives Strategy
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Insider Trading
- Sep 23, 2014 SEC Fines Wells Fargo Advisors $5 Million for Inadequate Controls to Prevent Broker's Insider Trading
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- Apr 4, 2013 Thomas Charles Conradt Pleads Guilty to Securities Fraud & Conspiracy in IBM Case
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Pensions
- May 12, 2013 SEC/FINRA: Selling Rights to Pension Income Streams, Investing in Third Party Pension Can Be Risky
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Disclosure
- Jul 5, 2017 Poorly Performing Mutual Funds Place Money Managers in Jeopardy
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- Sep 16, 2015 FINRA Fines, Suspends Tyler Boone Powell for Improper Use of Discretion
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- Jul 8, 2015 F-Squared Files for Bankruptcy in Wake of $35 Million Settlement Over False Performance Claims
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Hedge Fund
- Jul 30, 2013 SEC Lifts Ban on Hedge Fund Ads, Increases Private Placement and Hedge Fund Risk
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- Mar 17, 2013 SAC Capital Lawsuit Settled; Firm to Pay Record $616 Million for Insider Trading
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JP Morgan
- Jan 6, 2015 JP Morgan Downgrades Falling Caterpillar Stock Over Oil and Gas Exposure
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Alternative Investments
- May 1, 2024 FINRA Barred Former Independent Financial Group (IFG) Broker Brett Arthur Hartvigson of San Diego, California for Refusing to Cooperate With Its Investigation Into Allegations That Were Part of a Complaint. In 2021, While Associated With IFG, Brett Harvgi
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- Mar 24, 2022 Geneos Wealth Management to Pay $400,000 for Improper Alt Investment Sales
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- Feb 26, 2022 L Bond Losses: Defining GWG Holdings' Unsuitably Risky Product
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E-Mail
- Mar 7, 2017 Ex-MLB Pitcher & Morgan Stanley Rep Patrick Combs Suspended for Selling Away
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- Jun 17, 2013 SEC & FINRA Joint Alert: Beware Pump-and-Dump Scams via E-mail Spam
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Oppenheimer
- Sep 19, 2014 FBI Arrests De Maison and Wilshinsky in Multi-Million Dollar Penny Stock Fraud
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Morgan Stanley
- Oct 3, 2020 SEC Fines Morgan Stanley $5 Million Over Short Sale Violations in Swaps Business
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Cold Calls
- Nov 10, 2016 Gerald Cocuzzo Pleads Guilty to Securities Fraud in $131 Million Market Manipulation Scheme of ForceField Energy
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- Aug 7, 2013 FINRA Alert: Beware Cold Calls from Brokerage Firm Imposters, New Phishing Schemes
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Insurance
- Aug 6, 2021 Suntrust Investment Services Rep Stephen Berrocal Accused of Unsuitable Recommendations as Northstar Financial Services (Bermuda) Saga Rolls On
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Closed-End Funds
- Jan 1, 2015 Risks and Rewards Abound for Closed-End Funds
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- Oct 31, 2013 Closed-End Fund Distributions FINRA Investor Alert Issued: Points to Consider
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Bambi Holzer
- Dec 30, 2013 Bambi Holzer Barred for Unsuitable Provident Royalties Sales, Failure to Disclose and Submission of False Information
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- Oct 29, 2013 About Time: FINRA Files Complaint Alleging Unsuitable Recommendations, Falsification of Records After Beverly Hills Broker Bambi Holzer Suspended From Industry
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FBI
- Feb 26, 2016 Firms That Sold 'Ponzi' UDF REITs May Be On the Hook in Wake of FBI Raid, SEC Investigation
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- May 5, 2015 James Yiu Lee Sentenced to 6.5 Years in Prison, Ordered to Repay $10.5 Million in Fraudulent Scheme
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- Nov 21, 2013 Ferry, Clinton and Martin Sentenced for Conspiracy, Mail and Wire Fraud in FBI Sting
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Deutsche Bank Securities
- Nov 27, 2017 Seadrill Limited (NYSE: SDRL) Runs Aground with Debt Restructuring Fiasco
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- Dec 21, 2013 Deutsche Bank Securities Fined $6.5 Million for Serious Deficiencies in Lending Program
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Conflict of Interest
- Jul 15, 2024 Colorado Bars James McGehee Wealth Management for High-Risk Options Recommendations
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- Sep 7, 2023 Failed Bank First Republic Accused of Issuing Shares Shortly Before Going Bankrupt, Resulting in Multi-Million Dollar Losses
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- Jan 10, 2023 Western International Securities' Efrain Trujillo Suspended by FINRA for Unauthorized Loans
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CFP
- Jun 9, 2020 CFP Board Disciplines California's Joel Davidman for Unauthorized Discretion, Alaska's Michael Shamburger and Rob Wedel for Multi-Million Dollar Misconduct
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- Apr 16, 2020 CFP Board Suspends California's Michael Altobell & Richard LaBare
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- Jun 17, 2019 Barred San Diego Broker Harry Couglar Suspended by CFP Board
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Berthel Fisher
- Apr 27, 2022 Berthel Fisher Fined $100,000 for Options Trading Compliance Failures in Elderly Client's Account
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- Feb 4, 2020 FINRA's Saction of Mason Gann Highlights Risks of Naked Puts Strategy
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- Jul 18, 2017 David Gott Sanctioned by FINRA for Selling Interests in "Gott Ice Cream, LLC"
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Ameriprise
- Aug 27, 2024 SEC Fines Ameriprise, LPL Financial, Raymond James & Others $394 Million for Improper Texting, Off-Channel Communications
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- May 30, 2023 Ameriprise Broker Cathie Joughin Barred During Elder Abuse, Misappropriation Investigation
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- May 15, 2020 Ameriprise Broker Arthur Hoffman Barred Following Fraud Complaint, Investigation
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Data Security
- Apr 21, 2016 Ryan Logan Fined & Suspended for Improperly Changing Client Contact Information, Causing Inaccurate Database
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Fixed Annuities
- Mar 29, 2019 JWE Investigating Brokers Who Sold Future Income Payments (FIP) in $300 Million Ponzi Scheme
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Certificates of Deposit
- Sep 16, 2020 JP Morgan's Lauren Wing Cited for $314,000 of Unauthorized Trading in Senior's Account
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- Feb 10, 2016 FINRA Issues Investment Alert for Bait-and-Switch Marketing Ploy Involving High-Yield CD Offers
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- Jul 3, 2015 SEC Charges Malcolm Segal with $15m Ponzi Scheme Selling Fake CDs, Unrealistic Interest Rate
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1031 Exchanges
- Nov 16, 2014 NASAA Names Top 9 Investor Threats for 2015
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- Jun 17, 2014 Securities and Exchange Commission Upholds FINRA'S Censure and $50,000 Fine of Member Firm CapWest Securities Over Tenant-in-Common Investments
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Airbags
- Sep 29, 2016 UBS to Pay $15 Million over Unsuitable Reverse Convertible Note Sales to Conservative and Retired Investors
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- Aug 22, 2014 Airbags - Unsafe at Any Speed
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Deutsche Bank
- Jun 2, 2018 Sanjeev Sreetharan Barred following Deutsche Bank's "Loss of Confidence" & Fraud Review
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- Jul 5, 2016 Deutsche Bank Securities Fined $6 Million for Inaccurate and Late Blue Sheet Data
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Best Execution
- Jun 2, 2016 E*Trade Securities Censured, Fined $900k for Trade Review & Supervisory Failures, Failure to Ensure Protection of Confidential Info
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- Aug 28, 2014 Citigroup Fined $1.85 Million, Ordered to Pay $638,000 Restitution for Non-Convertible Preferred Securities Violations
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Compliance
- Aug 6, 2023 LPL Financial's Gregory Collins Cited for Failing to Disclose Side Gigs, Including Hedge Fund Role
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- May 26, 2023 Wells Fargo SoCal Broker Mark Brewer Sanctioned for Trying to Skirt Beneficiary Rule
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- May 27, 2022 Tarik Nehmatullah Barred After Allegedly Accepting Loan from Customer
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Clearing Firm Liability
- Mar 21, 2018 SEC Fines LA-Based Electronic Transaction Clearing $80,000, Issues Cease-And-Desist Order for Margin Securities Failures
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- Jan 7, 2015 Pershing LLC Fined $3 Million for Supervisory, Customer Protection Violations
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Dark Pools
- Jan 18, 2015 UBS Fined Record $12 Million Plus $2.5m in Disgorgement, Interest for Dark Pool Disclosure Violations
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Criminal Conduct
- Aug 12, 2022 Fired from Raymond James, Wedbush Hires Michael Paul Massey & William Romans, Brokers Accused in Pending Case of Drug Charges
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- Jan 27, 2022 Four United Development Funding Execs Guilty of Real Estate Fraud Scheme
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- Jan 24, 2022 Ivan Acevedo, Guilty of Fraud in Woodbridge Ponzi Scheme, Barred by SEC
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Scottrade
- Aug 24, 2015 Rush to Sell Overwhelms Brokerages, Shuts Online Clients Out from Transactions as Stocks Fall
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Advertising
- Mar 4, 2022 KIRN Radio Personality Tony Barouti (Barouti Financial) Under Investigation Over Possible GWG Holdings L Bond Sales
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- Nov 23, 2018 San Diego "Financial Whiz of Local Airwaves" Kyle Harrington Barred After Conversion, Undisclosed Private Securities Transaction Investigations
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- Jan 31, 2018 FINRA to Flag Brokers as High-Risk Due to Association with Recidivist Reps, Fraudulent Firms
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Charles Schwab
- Aug 26, 2015 Charles Schwab Fined $2 Million for Significant Net Capital and Supervisory Deficiencies
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Binary Options
- Oct 27, 2015 New FINRA Investor Alert Warns of All-or-Nothing or Binary Options Trading Fraud Risk
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Credit Suisse
- Nov 1, 2023 Credit Suisse Ends 9 ETNs, Including Delisted VelocityShares Products That Lost 90% of Value
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- May 16, 2018 Credit Suisse CEO Warned Unsophisticated Investors Not to Invest in XIV as Lawsuit Alleges Fraud
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- May 10, 2018 'Volatility Virus' XIV Devastated Wall Street and Ravaged Private Investors as Uninformed Brokers Took on Too Much Risk
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Angelo Talebi
- Feb 17, 2016 SoCal Broker Angelo Talebi Fined & Suspended for Improper Trading in Customer's Account
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Aequitas
- Feb 24, 2016 Aequitas Capital Note Disaster Serves as Reminder of Importance of Advisors Performing Due Diligence
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Goldman Sachs
- Mar 1, 2016 Goldman Sachs Places Luke Thornburn on Leave for Unapproved Outside Business Activity
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CoCo Bonds
- Mar 15, 2016 UBS Preparing Sales of High-Yield CoCo Bonds, A Risky Debt That Can Bail Out Banks At Expense of Investors
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Crowdfunding
- May 16, 2016 Crowdfunding Fraud is Possible, Cautions FINRA in News Release for New Startup Investment Opportunities
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Affinity Fraud
- Nov 3, 2021 Investors Who Lost Money in Northstar Financial Services (Bermuda) & Beechwood Bermuda May Be Entitled to Damages From Firms That Sold Notes & Annuities
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- Oct 20, 2021 Morgan Stanley of Pasadena's Henry Chang Accused of Soliciting Outside Investments
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- Feb 5, 2020 SoCal Ameriprise Broker Li Lin Hsu Sentenced for $8.2 Million Fraud
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Cockroach Culture
- Oct 18, 2018 Andrew Mandell Barred for Refusing to Appear During Investigation
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- May 8, 2017 Walter Marino Charged with Collecting $60k Commissions as Clients Lost Money Over Unsuitable Variable Annuity Replacements
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- Jan 5, 2017 2017 FINRA Priorities: High-Risk and Repeat-Offender Brokers, Suitability & Sales Practices, Cybersecurity
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Business Development Corporations (BDCs)
- Jan 12, 2024 Austin Dutton's Unsuitable REIT Recommendations Harmed Customers, Says FINRA
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- Jan 9, 2024 LPL Financial to Pay $6 Million for Supervisory, Sales Practice, and Review Failures
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- May 10, 2023 Centaurus Financial's Donnie Ingram Sanctioned for Unsuitable UIT and REIT Recommendations
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Ameritas Investment Corp.
- May 17, 2017 Andrew Logullo Sanctioned for Selling Away, Undisclosed Outside Business, and Improper Use of Discretion Trading Penny Stocks
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- Jul 27, 2016 FINRA Bars Retirement Income Planner Nathan Silva for Failing to Cooperate with Misconduct Investigation
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Cross-Selling
- Oct 30, 2016 FINRA Cracks Down on Cross-Selling Programs in Wake of Wells Fargo Fiasco
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Newbridge Securities Corp.
- Feb 15, 2018 Newbridge Could Face Philadelphia Public Employee Suits Alleging Millions in Damages
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Cetera Advisors
- Jan 26, 2024 Benchmark Investments Ex-Broker Todd Anderson Barred After Disputed Signature, Unsuitable Recommendations
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- Jun 27, 2023 Can I File a Claim for Northstar Financial Services Bankruptcy Losses? From Global Advantage to Met Universal Life, a List of Northstar's Product Plans
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- Apr 26, 2023 Todd Anderson Cited for Unsuitable Recommendation That Senior Purchase $1 Million of Mutual Funds
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Buffer Annuities
- May 11, 2021 UnionBanc Investment Services Fined $100k for Variable Annuity Supervision Woes
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- Oct 19, 2017 Beware Buffer Annuities - Misrepresentations and Omissions Highlight Complaints of New Risky Product
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- Jan 26, 2017 New Complex Buffer Annuity Drawing Regulator's Interest: "Does the firm understand it? Does the rep?"
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Aegis Capital Corp.
- Feb 15, 2024 Anaheim's Centaurus Financial Tops SLCG List of Riskiest Brokerage Firms for 2024
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- Nov 16, 2023 Jilena Mok of Edward Jones Sanctioned for Unauthorized Discretionary Trades
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- Oct 25, 2017 SLCG Study Finds Aegis Capital, Newbridge Securities Employ Most Brokers with History of Complaints
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Cryptocurrency
- Jun 14, 2019 Cryptocurrency Business Places Kyung Soo Kim in Hot Water
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- Apr 30, 2018 Ex-Morgan Stanley Rep Arthur Robert Meunier-Breitman Sanctioned for Tezos Crypto-Blockchain Violations, Illicit Solicitations, and Using Assumed Name
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Dawn Bennett
- Jan 17, 2018 Linked to Dawn Bennett $20 Million Fraud Investigation, FINRA Bars Bradley Mascho for Failing to Cooperate
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ETPs
- Feb 19, 2018 Volatility Funds Take a Dive - VelocityShares, ProShares VIX Round Out Worst Performing Volatility ETPs
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Fidelity
- Mar 13, 2018 Study: Fidelity Increased Risk for 6 Million Retirement Savers
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LJM Fund
- Jun 5, 2018 Losses in LJM Partners' Funds Spotlight Suitability, Risk Management in Complex Mutual Funds
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AXA Advisors
- Aug 5, 2022 Camille Cordova Sanctioned for Unsuitable Variable Annuity Recommendations
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- Mar 4, 2020 AXA Advisors' Billy Zhang Cited After Settling Misuse-of-Funds Complaint Away From Firm
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- Jun 3, 2018 Arizona Indicts Howard Price, III for Stealing $475,000 from IRA Accounts
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Cherry-Picking
- Feb 7, 2023 SEC Accuses Steve Susoeff, Meritage Financial Group, of Fraudulent Scheme
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- Aug 21, 2018 SEC Bars BKS Advisors' Roger Denha for Fraudulent Cherry-Picking Trade Allocation Scheme
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GPB Capital Holdings
- Feb 8, 2021 SEC Charges GPB Capital Holdings, Ascendant Capital, with $1.7 Billion Ponzi Scheme Defrauding 17,000 Retail Investors
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- Jul 26, 2019 GPB Capital Sued for Alleged Serious Financial Misconduct
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American Depositary Receipts (ADRs)
- Jun 20, 2019 Wedbush's Latest Penalty is an $8.1 Million SEC Fine for Improper Handling of ADRs
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Conservation Easements
- May 13, 2021 IRS Warns of Conservation Easement Tax Scams as Brokers Raise Billions
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Coronavirus
- Mar 31, 2020 Exchange-Traded Notes At Heightened Risk Due to COVID-19's Market Volatility
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- Mar 27, 2020 Excess Concentration Can Prove Disastrous During Economic Downturn
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Centaurus Financial
- Sep 23, 2023 Best Interest Rule Violation Cited in Unsuitable REIT Recommendation and Overconcentration
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Securities Fraud

ETFs

Arbitration

Auction Rate Securities

Discipline

Outside Business Activity

Conversion

Elder Abuse

Ponzi Scheme

Mutual Funds

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Due Diligence

Reverse Convertibles

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Failure to Supervise

Brokercheck

401(k)

Fiduciary Duty

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FINRA

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Variable Annuities

Churning

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Anti-Money Laundering

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Options

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SEC

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Bambi Holzer

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Berthel Fisher

Ameriprise

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Best Execution

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Dark Pools

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Scottrade

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Charles Schwab

Binary Options

Credit Suisse