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.
The Financial Industry Regulatory Authority (FINRA) has barred Gary Wayne Hammond (Gary Hammond) an former advisor with MSI Financial located in Charlotte, NC because of claims of fraudulent private securities transactions. According to the claim, …
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The Financial Industry Regulatory Authority (FINRA) has imposed a fine of $6.5 million fine against LPL Financial, citing irregularities in establishing and maintaining a supervisory system. This supervisory system is in place for fingerprinting and …
FINRA Fines LPL Financial Advisors $6.5 Million Citing Supervisory Deficiencies Read More »
Variable annuities, mutual funds, and 529 plans are the three products for which recommendations made by its representatives, the Financial Industry Regulatory Authority (FINRA) has concluded, Transamerica Financial Advisors Inc. failed to reasonably supervise. This …
Transamerica Financial Advisors Fined $8.8 Million For Failure To Supervise Read More »
The Securities and Exchange Commission (SEC) has ordered Voya Financial Advisors to pay nearly $23 million to settle charges that it breached its fiduciary duties by overcharging its advisory clients. The violations were related to …
Voya Financial to Pay $23 Million to Settle SEC Charges – Investor Alert Read More »
David Learner Associates just had a $1 million dollar claim filed against them for Spirit of America Fund (NASDAQ: SOAEX) and other alleged bad investments. David Lerner Associates has about three proprietary funds, SOEAX of …
Investor Files $1 Million Claim On Spirit of America Fund (NASDAQ: SOAEX) Read More »
Silo Realty Trust, formerly known as Carter Validus Mission Critical REIT, announced a new net asset value (NAV) per share of $8.69. The NAV is based on the company’s assets which are valued at $3.5 …
Sila Realty Trust (Carter Validus Mission REIT) Investor Update Read More »
Investors have access to many more products now than ever. One of these products is ETPs (Exchange-Traded Products). Unfortunately, investigations by investment fraud law firms led to shocking findings concerning the sales practice of broker-dealers …
Broker-Dealers Pay $3 Million For ETP Claims (VXX) (VIXY) Read More »
The energy industry is fighting its way back after being on its knees on oil prices crashing to 17-year lows, amidst a glut in supply triggered by low demand due to the COVID-19 pandemic. Lockdowns, …
Investors that purchased NorthStar Healthcare REIT have suffered massive losses and are worth only a fraction of a purchased dollar on the secondary market. This past week Northstar’s Chairman, Justin Chang, abruptly resigned. His position …
NorthStar Healthcare Income REIT Investors Suffer Huge Losses Read More »
A U.S. District judge sentenced Sean Finn, Malom Group AG (Malom), Montana broker to 87 months in prison for his investment fraud involvement that had international roots. District of Nevada Judge Kent J. Dawson delivered …
Sean Finn (Malom Group) Sentenced In Fraudulent Investment Scheme Read More »
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