A customer complaint has been filed against former stockbroker Eric Hollifield (Eric Shea Hollifield CRD:# 3091319) claiming damages of $1,240,000 for misappropriation of funds from the account. The claim was filed on the 25th of …
FA Eric Hollifield Barred After $1.2 Million Misappropriation Complaint Read More »
Matthew Clason, a one-time LPL Financial FA (financial advisor), has got 30 months behind bars, against a possible 20 years, for stealing several hundred thousand dollars from an elderly client. The sentence was announced by …
Matthew Clason From LPL Financial Gets 2.5 Years In Prison For Theft From Elderly Client Read More »
Discussions are underway to reach a settlement, a preliminary figure of an unusually stiff $200 million is being touted around as the amount that J.P. Morgan Chase & Co. (JPMC) might need to pay to …
Possible $200M Fine For JPMorgan Over Staff Communications Monitoring Lapses Read More »
At one time associated as a financial advisor (FA) with Ameriprise, Paul Juan Mata has pleaded guilty to multiple counts of wire and mail fraud, and several others, in a total of 17 felonies. The …
Paul Juan Mata (Ameriprise) Sentenced to 14 Years For Fraud Read More »
A sweeping investigation into the sale of Unit Investment Trusts (UIT) by Wells Fargo financial advisors (NYSE: WFC) undertaken by the Financial Industry Regulatory Authority (FINRA) has been concluded, as announced by them. The investigation …
Wells Fargo Fined $3.1 Million For Sales of Unit Investment Trusts (UIT) Read More »
An ex-Ameriprise financial advisor has received a 14-year prison term following a multi-year real estate investment fraud that victimized his investors millions of dollars in losses. From August 2008 to September 2015, Paul Mata allegedly …
Paul Mata (Ameriprise Financial Advisor) Sentenced To 14 Years Following $12M Fraud Read More »
Wedbush Securities has agreed to a payment of $1.2 million demanded by the Securities Exchange Commission for the distribution of microcap shares in the millions, deemed to be an unlawful act. Wedbush has consented to …
Wedbush to Pay $1.2M for Microcap Unregistered Offers and Sale Read More »
Northstar Financial Services (Bermuda) has filed for bankruptcy protection. Fraud experts are saying that investors will likely lose a substantial chunk, if not all, of their principal. At one time, the company was estimated to have …
Northstar Financial Services (Bermuda) Investors Sue To Recover Millions Losses Read More »
Payment for “at least two vehicles,” credit card balances, and his own and his in-laws’ home mortgages, are some of the unlawful uses to which 61-year-old Ronald Molo of Sherwood, Illinois, formerly a broker with …
Edward Jones Broker Ron Molo Indicted for Senior Fraud of $778K Read More »
On the 29th of September, Jeffrey Dampf, last associated with Primerica/ PFS Investments as a broker, agreed to a FINRA (Financial Industry Regulatory Authority) letter of acceptance, waiver, and consent that bars him from association …
Elder Abuse: Theft Charges Against Jeffrey Dampf Primerica PFS Investments Broker Read More »
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