This post summarizes recent enforcement actions against stockbrokers. You may be able to recover your money if you suffered losses as a result of investment fraud, unregistered offerings of securities, excessive trades, unauthorized trades, bad investment advice (suitability rules), or broker misconduct. Kevin Cline, Robert Burr, Vincent Christopher & Thomas Gilleland – Source Capital Group Kevin […]
Ex Wells Fargo Brokers Defrauded Customers of Millions
Two former brokers working for Wachovia Securities were charged with securities fraud by the Securities and Exchange Commission. The government says William Harrison and Eddie Sawyers defrauded dozens of Wachovia customers out of at least $8 million. Wachovia is now known as Wells Fargo Advisors. According to court records, Harrison and Sawyer told their clients […]
Societe´ Generale Customer Says Bank Stole Millions
[Updated Nov. 2018] Two Societe Generale Singapore bankers have been accused of losing almost $10,000,000 in a client’s account and then attempting the hide the losses with phony statements. An Australian resident, Chan Leong Cheng, sued the bank and two of its private bankers for fraud. According to the suit, “the defendants’ management of the […]