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 misadventures of billionaire Greg Lindberg, currently serving seven years for wire fraud and bribery-related charges, are probably well known. Most recently, and most prominently, the Lindberg controlled Bankers insurance Group had acquired Northstar …
Investor Class Representatives To Be Appointed in Northstar and Old Mutual Liquidation Read More »
A customer dispute has been filed against Joseph Paul Todaro; an SW Financial registered representative. The case holds Todaro responsible for investment losses due to excessive trading and failure to follow instructions and poor services …
Worden Capital Management Advisor Joseph Todaro Charged For Excessive Trading Read More »
A tip to the Securities Helpline for Seniors run by the Financial Industry Regulatory Authority (FINRA) led to an investigation into the activities of World Choice Securities financial advisor Thomas Ward Stratton (CRD#: 1646899). Stratton’s refusal to …
Peter Quartararo, a New York barred broke,r was re-arrested in connection to alleged fraud concerning the purported sale of shares from a pre-initial public offer. According to the Nassau County District attorney’s office, Peter Quartararo …
Peter Quartararo (Barred NY Financial Advisor) Gets Arrested Again! Read More »
The 45-year-old investment advisor Martin Ruiz, of New York, New York, and Santa Fe, New Mexico, has been charged with investment advisor fraud for defrauding investors. He used the front of Carter Bain Wealth Management …
Elderly New Mexico Investors Fall Prey to Fraudulent Scheme Read More »
Ponzi schemes, it appears, can pop out of anywhere. From the owner of a baseball team, perhaps? The Securities and Exchange Commission (SEC) has charged the Chattanooga Lookouts baseball team owner with “running a massive …
Owner of Chattanooga Lookouts accused of running ‘massive Ponzi scheme’ Read More »
UBS has been ordered by the Financial Industry Regulatory Authority (FINRA) arbitration panel to pay hundreds of dollars each to one of two claimants in an arbitration case relating to a complex investment strategy that …
UBS Fined $405K For Yield Enhancement Strategy (YES) Read More »
A Class Action Claim has been filed against Interactive brokers (Benjamin Chang v. Interactive Brokers LLC, N.D. Cal., Case No. 5:21-cv-05967) according to which over $14 million in investor money was lost in a Ponzi-like scheme …
Lawsuit Filled Against Interactive Brokers by Investors of Haena Park Phaetra Funds Read More »
MacKenzie Capital Management has close to $170 million in assets and has been purchasing distressed non-traded real estate investments trusts for decades. In an Aug. 9 email, it offered investors of Business Development Corporation of …
MacKenzie Capital Makes Offer For BDCA Shares – Investor Lawsuits Read More »
The Securities and Exchange Commission (SEC) has accused an advisor and his company of running a scheme to invest $58 million that had harmed 300 investors. Robert Mueller, and the investment advisory firm Deeproot, of which Mueller …
Get free professional market insights and stock/ETF reports that contain actionable opportunities written by a former financial advisor and Capitalist who has been investing in the markets for 20+ years.
