Law

We cover latest news on investor lawsuits, investigations and investment fraud.  Unfortunately, investment fraud is very common, especially with seniors.  We report on several different kinds of security fraud that includes Ponzi-Schemes, Bad Accounting and Improper Sales Practices.

Matthew Clason (LPL Financial)

Matthew Clason From LPL Financial Gets 2.5 Years In Prison For Theft From Elderly Client

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 …

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Financial Advisor Phillip Conley Gets 7 Years For Swindling Millions

Financial Advisor Phillip Conley Gets 7 Years For Swindling Millions From Churchgoers, Pastors and Others

Sentencing has been done for Phillip Conley of Jacksonville, Florida on charges of defrauding pastors and churches, and others, in West Virginia, to the tune of $5 million. He is required to serve 87 months …

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Edward Jones Advisor Albert DeGaetano Fined and Suspended for Unauthorized Trades, Bogus Business Cards

Edward Jones Advisor Albert DeGaetano Fined and Suspended for Unauthorized Trades, Bogus Business Cards

Allegations of executing several hundred unauthorized trades and making up a title and position at a clearing firm where he was never an employee have earned for financial advisor Albert DeGaetano a FINRA (Financial Industry …

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JP Morgan Advisor Antoine Souma Sanctioned by FINRA

JP Morgan Advisor Antoine Souma Sanctioned by FINRA for Inaccurate and Misleading Reports

A 21-year veteran of the brokerage industry and apparently a well-regarded one, Los Angeles-based Antoine Souma, has been fined $20K and placed on suspension for two months by the Financial Industry Regulatory Authority (FINRA). The …

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