Posts Tagged how do I sue my stockbroker
FINRA Attacks New Type Of Securities Fraud
Posted by admin in Fraud Recovery on May 22, 2013
Securities fraud costs investors billions of dollars annually. Sometimes the promoter is the fraudster (think Bernie Madoff) and other times it is the stockbroker trying to make a quick buck. This week the Financial Industry Regulatory Authority – FINRA – levied a whopping $7.5 million fine against LPL securities for email violations. Email violations? Thats [...]
Stockbroker Fraud Post – Brokers Back Away From Alternative Investments
Posted by admin in Fraud Recovery on May 17, 2013
Many of stockbroker fraud cases we see involve alternative investments – Real Estate Investment Trusts (REITs), Tenants in Common investments (TICs), private placements and exotic derivatives. In our experience, these investments are more prone to fraud and have problems because they are often thinly traded. Just 20 years ago, the types of investments commonly available [...]
Hooters Girls and Investment Fraud
Posted by admin in Fraud Recovery on May 14, 2013
The story written by Bruce Kelly of Investment News had all the makings of a tabloid scandal. Stockbrokers, forged documents, sexual harassment, an SEC investigation, Hooters girls and the misappropriation of customer funds from a prominent brokerage firm. The problem is that Kelly is a real journalist and the story he penned today about Commonwealth [...]
Rescission – A Great Method To Get Out Of A Bad Investment
Posted by admin in Fraud Recovery on April 28, 2013
by Brian Mahany For most consumer purchases, getting a refund for a defective product or service that doesn’t meet our expectation is a relatively easy process. Purchase a hedge fun or private placement and its impossible. You may be able to sell the investment but thats much different than obtaining a refund. In most instances, [...]
Success Trades Securities In Trouble? FINRA Says Yes (stockbroker fraud post)
Posted by admin in Fraud Recovery on April 14, 2013
by Brian Mahany Success Trades Securities has a great name. They also have the financial backing of many NFL and NBA players. Regulators say that some of these players invested in the company in exchange for a promised rate of return between 12 and 26%. Banking news source bank rate.com says the average interest rate [...]
Massachusetts To Check Criminal Records Of Stockbrokers
Posted by admin in Fraud Recovery on March 26, 2013
by Brian Mahany Now that’s a novel idea… check the criminal record of people seeking jobs as stockbrokers. The Massachusetts Securities Division is proposing to require applicants seeking to be licensed as stockbrokers and investment advisers to consent to a criminal background check. While the idea isn’t foolproof, its a good plan. Federal and state [...]
Seeking Information – Ellwood L Jones and NFP Securities
Posted by admin in Fraud Recovery on March 12, 2013
by Brian Mahany Most of our blog posts seek to share general information of broad interest to our readers. From time to time, however, we write posts seeking information on a specific person, company or possible fraud. This is one such post. We are currently investigating Ellwood Jones, a stockbroker previously employed by NFP Advisor [...]
Zombie Stockbrokers – Land of the Living Dead – Stockbroker Fraud Post
Posted by admin in Fraud Recovery on March 12, 2013
by Brian Mahany Zombie horror is quite the rage these days in the entertainment industry. Movies, TV shows… even my local Barnes & Noble retailer has an entire section of books devoted to the living dead. While the zombies in the entertainment industry are imaginary, debarred stockbrokers and investment advisers really do come back from [...]
Mike Tyson Sues Investment Advisor – Celebrity Fraud Post
Posted by admin in Fraud Recovery on February 26, 2013
by Brian Mahany We have seen this headline far too many times, former star athlete or musician accuses agent or stockbroker of fraud. Although fraud occurs daily in our life, it makes headlines when a celebrity is the victim. Unfortunately, because of their celebrity status, many athletes, actors and musicians find themselves the target of [...]
BONY To Pay $114 Million To Defrauded Investors – Fraud Recovery Blog
Posted by admin in Fraud Recovery on February 25, 2013
by Brian Mahany Our firm concentrates in fraud recovery. Frequently the frauds we handle involve Ponzi schemes. By the time the fraud comes to light, there are very few assets to recover. Some victims rely on court appointed receivers. Sometimes that works but often the result is a recovery of just pennies on the dollar. [...]
Recent Comments