Law

The SEC charged a registered investment adviser with cherry-picking $4.7M in profitable IPO allocations, diverting gains to personal accounts while pushing losses to client portfolios.

I spent nearly two decades on Wall Street defending brokerage firms. Now I represent investors. The case I am reading today makes me furious. A FINRA arbitration panel in Florida last week ordered a Morgan

I spent 18 years defending brokerage firms against investor claims. What I saw still keeps me awake at night. The SEC announced civil fraud charges last week against a Nashville-based investment advisor accused of stealing

We spent years defending brokerage firms against investor claims. We saw the training materials, the sales contests, the pressure to push complex products. Nontraded REITs were always at the top of that list. The firms

Broker churning represents one of the most destructive forms of securities fraud targeting retirees. We have witnessed countless cases where advisors prioritized commissions over client welfare, leaving elderly investors with devastated portfolios while collecting substantial

When we started on Wall Street decades ago, churning was considered one of the worst offenses a broker could commit. We watched firms dismiss advisors who engaged in this practice without hesitation. Today, the violations

Variable annuities. The product Wall Street loves to push on retirees. A FINRA arbitration panel recently ordered Wells Fargo Advisors to pay $4.2 million in damages to 89 retired clients. Advisors recommended unsuitable variable annuity

On Wall Street, trust is the only currency that matters. When a broker abuses that trust to line his own pockets, the damage extends far beyond a single account. FINRA announced last week that it