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.
David Lerner Associates (DLA) has been slapped with a Financial Industry Regulatory Authority (FINRA) arbitration claim of $100K by a New York widow. Her claim stems from the losses incurred as a result of investments …
David Lerner Associates Complaint Filed For Energy 11 Sales Read More »
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Two weeks ago GPB Capital and two key executives were charged with fraud for allegedly running a Ponzi-scheme and as a result, many broker-dealers like Triad Advisors that sold GPB are facing lawsuits from investors. …
Investors File Complaints Against Triad Advisors For GPB Capital Sales Read More »
JP Morgan Securities (JPMS), along with its ex-brokers, Avi Schottenstein and Evan A. Schottenstein, who are also grandsons of the claimant, are ordered to pay $19 million to a senior investor, as determined by an …
JP Morgan Securities Pays Grandmother $19M for Elder Financial Abuse Read More »
On Thursday, the Securities and Exchange Commission (SEC) has charged senior executives of GPB Capital Holdings for perpetrating a fraud and running a Ponzi scheme. GPB Capital, that raised over $1.8 billion from 17000 investors, …
GPB Capital Charged With Fraud As Investors Lawsuits Surge Read More »
The Financial Industry Regulatory Authority (FINRA) has barred Gary Wayne Hammond (Gary Hammond) an former advisor with MML Investor Services located in Charlotte, NC because of claims of fraudulent private securities transactions. According to the …
MML Financial Advisor Gary Hammond Barred For Ponzi Scheme Referrals Read More »
Robinhood is being sued and also alledgely selling investors Gamestop stock (GME) without warning or consent. This comes after they restricted several stocks other companies from investors to trade that this morning. 4:38 PM Update: …
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 »
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