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.
FINRA permanently barred a former Wells Fargo broker for churning elderly clients’ retirement accounts, causing $890,000 in losses while generating $312,000 in commissions.
Former Wells Fargo Broker Barred for Excessive Trading in Retirement Accounts Read More »
A FINRA arbitration panel ordered a former broker and his firm to pay $4.2 million after selling unsuitable nontraded REIT shares to elderly investors.
FINRA Arbitrators Award $4.2M to Investors in Nontraded REIT Loss Case Read More »
The Securities and Exchange Commission charged a former registered investment advisor with running a $2.3 million Ponzi scheme that preyed on members of his own church congregation. The advisor allegedly solicited more than 40 investors by describing…
SEC Charges Former Advisor With $2.3M Ponzi Scheme Targeting Church Congregation Read More »
A Wells Fargo broker who misappropriated more than $1.7 million from elderly clients has been permanently barred from the securities industry. FINRA issued the bar after investigators found the broker used a web of unauthorized transfers, fabricated …
Wells Fargo Broker Barred for Misappropriating $1.7M From Elderly Clients Read More »
FINRA suspended Gary Goldberg 18 months and ordered $594,590 restitution for unsuitable variable annuity share-class switches that overcharged clients.
Advisor Suspended 18 Months for Overcharging Clients $594K on Variable Annuity Shares Read More »
The SEC has charged an independent broker-dealer for facilitating a $48 million unregistered REIT offering that targeted over 1,200 retirees with misleading distribution reports and inflated yield claims. SEC enforcement action details The Securities and
SEC Charges Broker-Dealer in $48M Unregistered REIT Offering Targeting Retirees Read More »
FINRA barred a broker for churning an elderly client’s variable annuity portfolio, draining years of retirement savings through excessive trading and unjustified fees. Here is how churning exploits vulnerable investors and what recovery options exist.
Broker Barred for Churning Elderly Client’s Variable Annuity Portfolio Read More »
Morgan Stanley will pay $8 million to settle SEC charges that its advisors recommended unsuitable REITs to thousands of investors. Here is what the settlement means for affected clients and how to pursue additional recovery.
SEC Settles With Morgan Stanley Over Unsuitable REIT Recommendations Read More »
NHP priced its IPO at $12/share — 88% below the split-adjusted price original investors paid. Legacy shareholders are locked out until October 2026. Haselkorn & Thibaut, P.A. offers free case evaluations at 1-888-885-7162.
A class action lawsuit filed April 21 alleges Apollo Global Management concealed its Epstein business ties from investors. Stock dropped 16% on the revelations. Lead plaintiff deadline is May 1, 2026.
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