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.
Former Merrill Lynch brokers Charles Kenahan and Dermod Cavanaugh are currently under investigation for alleged misconduct that led to losses in the millions. The New Hampshire Bureau of Securities Regulation has already launched an investigation into the matter after Craig Benson, the mayor of New …
Newbridge Securities Corp Financial Advisor, Kerri Jamison, faces a series of complaints from customers who accused her of making unsuitable investment recommendations. Jamison has been in the securities industry since 2001, having worked at Dewaay Financial Network before joining Newbridge Securities. Jamison is among several …
Chesapeake Energy (NYSE: CHK) finally pulled the plugged and declared bankruptcy on Sunday. This comes as no surprise because in the last couple of months there have been reports that Chesapeake Energy had hired debt restructuring advisers. Chesapeake’s share price has fallen nearly 93% since …
Chesapeake Energy Goes Bankrupt. Investor Lawsuits & Investigations Read More »
Last Tuesday, FINRA affirmed the expulsion of Sandlapper Securities, as well as Trevor Gordon, CEO, and Jack Bixler, Principal and President. In November 2018, FINRA found that Sandlapper Securities committed securities fraud by charging its employees and family members improper and undisclosed bonuses totaling more …
FINRA has ordered SagePoint Financial to pay over one million in restitution to its customers in connection with early rollovers of unit investment trusts. Sagepoint Financial is one of several large broker-dealer firms within the Advisor Group network (along with FSC Securities, Royal Alliance Associates, …
SagePoint Financial Fined Over $1 Million – Investor Notice Read More »