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.
Recently investors who purchased NorthStar Healthcare Income Inc REIT are receiving tender notices from Comrit and now discovering that they have suffered massive losses because their shares are worth only a fraction of a purchased dollar on …
NorthStar Healthcare Income REIT Investors Suffer Huge Losses Read More »
GPB Capital and three key executives were charged with fraud earlier this year. However, the big story is the number of complaints rising against financial advisors and brokerages. Former Madison Avenue Securities broker and investment advisor …
GPB Investor Fraud Claims Against Financial Advisors Rockets Read More »
According to a joint statement of the acting U.S. attorney Nathaniel Mendell and Joseph Bonavolonta, a special agent with the Boston Division of the Federal Bureau of Investigations, a longtime financial adviser was arrested and …
Michael Smith (LPL Financial) Arrested And Charged With Defrauding Elderly Clients Read More »
Thanks to its ‘significant’ cooperation with investigating authorities, and subsequent implementation of remedial measures, GWFS Equities Inc. (GWFS) appears to have been spared some embarrassment and possibly stiffer penalties as the Securities Exchange Commission (SEC) …
GWFS Equities Fined $1.5M For Failure To Report Suspicious Activity On Accounts Read More »
One of the most popular radio hosts and church finance programs is Dave Ramsey. He is known for promoting debt-free living and has helped millions of people navigate personal finance. One of the investments he …
Dave Ramsey Timeshare Exit and Financial Advisor Referral Problems Read More »
Richard Dale Sterritt Jr., also known as “Richard Richman” and a known prior offender, along with Deanna Looney, Robert Magness Jr., Katie Mathews, James Christopher Pittman, Mark Ross, and Michael Greer, stand charged by the …
$25 million and 300 investors. That is the scale of the fraudulent investment scheme for which Daryl Bank, of Port St. Lucie. Florida has been found guilty by a jury in the Eastern District of …
Dominion Private Client Group Found Guilty in $25 Million Fraud Read More »
David Lerner Associates (DLA) has been slapped with another 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 …
Energy 11 – David Lerner Associates Lawsuit Filed Read More »
FINRA announced it had fined and suspended Constantinos Maniatis, a former broker with Morgan Stanely, for unauthorized discretionary trading in a client account. Brokers linked to Morgan Stanley exercised discretion over seven client accounts in …
Constantinos Maniatis: Morgan Stanley Broker Fired, Fined and Suspended Over Trades Read More »
Financial Industry Regulatory Authority (FINRA) has fined Oppenheimer & Co. $525k for allegedly misrepresenting the cost basis on over 1000 accounts. The firm has come into agreement with FINRA. A sale of 150 shares of …
Oppenheimer Gets $525K in FINRA Fines For Cost Basis Misreporting Read More »
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.
