Meyer Wilson

Recovering Losses Caused By Investment Misconduct

Blog Posts in April, 2010

Last month, Robert W. Moffat Jr., a former IBM senior executive, pleaded guilty to supplying confidential information to a hedge fund consultant who has been accused of engaging in an insider trading ... Continue reading "Former IBM Executive Pleads Guilty to Fraud in Insider Trading Case" »
Gary Ray Bassett admitted to taking more than $850,000 from 25 investors and has consequently been sentenced to 63 months in prison. He has also been ordered to pay restitution. One of the alarming ... Continue reading "Man Sentenced to Prison in Federal Fraud Case" »
Click On This Link to Read Our Update as of June 18, 2010 The stockbroker fraud attorneys at Meyer Wilson investigates securities fraud claims against Grand Rapid, Michigan stockbroker Martin Wegener ... Continue reading "Michigan Stockbroker Martin Wegener and New England Securities" »
Kevin P. O’Brien, a township trustee in Anderson, Ohio (near Cincinnati) has been sued by his former financial firm, Robert W. Baird & Co. The lawsuit, filed recently in Hamilton County ... Continue reading "Barred Broker and Current Ohio Township Trustee Sued by Baird" »
According to federal investigators, a Southern California man used prayer meetings to convince 2,300 Los Angeles residents to invest $62 million. Milton Retana, of Huntington Park, was sentenced to 25 ... Continue reading "Southern California Man Allegedly Involved in $62 Million Ponzi Scheme" »
There was a reason why your brokerage firm had you fill out a new account form when you started working together. Under the incorporated New York Stock Exchange (NYSE) Rule 405, brokers are required ... Continue reading "Unsuitable Trades Can Lead to Financial Loss" »
In most instances, your stockbroker is required to obtain your permission before making a purchase or sale in your investment account. When your broker does not get your authorization and goes ahead ... Continue reading "How to Avoid Financial Loss from Unauthorized Trading" »
The Financial Industry Regulatory Authority (FINRA) announced today that it permanently barred the former Chief Compliance Officer and Head Trader (Tod Bretton) for Prestige Financial, Inc. of New ... Continue reading "FINRA Bars Head Trader and Chief Compliance Officer" »
Brokers have been known to cold call potential investors to persuade them to invest in securities. Often, these securities are speculative. A broker might allude that immediate action has to be taken ... Continue reading "Be Wary of High-Pressure Sales Calls from Brokers" »
It is believed that Goldman Sachs & Co. tried to profit from the drop in the U.S. housing market. A Senate investigation was conducted into the financial crisis and what was discovered reflects ... Continue reading "Emails Show Goldman Sachs May Have Tried To Profit From Housing Drop" »
As the Financial Industry Regulatory Authority Inc. (FINRA), has been cracking down on private placement deals, another firm has been charged with securities fraud. McGinn Smith & Co. Inc., which ... Continue reading "Broker-Dealer Accused of Private-Placement Fraud" »
A verdict was returned just last week, which found Carl Jasper, the former finance chief of Maxim Integrated Products Inc., liable for securities fraud. According the U.S. Securities and Exchange ... Continue reading "Former Finance Chief of Maxim Liable for Securities Fraud" »
An important issue confronting Congress in the debate over Wall Street reform is the use of mandatory pre-dispute arbitration provisions in account opening forms between consumers and their ... Continue reading "Could Wall Street Reform Spell End of Mandatory Pre-Dispute Arbitration Clauses in Securities Disputes?" »
In the wake of recent problems with private placement deals, the Financial Industry Regulatory Authority (FINRA) has weighed in to remind broker-dealers of their due diligence obligations with respect ... Continue reading "FINRA Issues Regulatory Notice Aimed at Private Placements" »
Recovering Investment Losses Against Third Parties Involved in Enrique Villalba's Fraudulent Investment Scheme The Ohio law firm of Meyer & Associates is actively investigating the potential ... Continue reading "Claims Against Third Parties Involved in Enrique Villalba's Fraud" »
The Financial Industry Regulatory Authority (FINRA) recently fined and suspended former Raymond James broker Karen L. Fence of New Jersey for failing to supervise the activities of a representative. ... Continue reading "FINRA Fines, Suspends Broker for Failure to Supervise" »
HighTower Advisors LLC of Chicago and one of its brokers, Curtis Lyman, have been hit by two lawsuits in Florida state court (and at least one FINRA arbitration case) over the sale of private notes in ... Continue reading "HighTower Advisors Linked to $1.4 Billion Ponzi Scheme" »
While overall arbitration filings with the Financial Industry Regulatory Authority (“FINRA”) increased last year, cases involving variable annuity sales increased nearly threefold, rising ... Continue reading "FINRA Statistics Show Surge in Variable Annuity Cases" »
A recent Financial Industry Regulatory Authority (FINRA) arbitration award in favor of a 96 year-old investor included treble damages for elder abuse. Under California’s elder abuse statute, ... Continue reading "FINRA Arbitration Panel Hammers Discount Broker with Treble Damages in Elder Abuse Award" »
The Securities and Exchange Commission (“SEC”) recently announced that $14.2 million has been secured for the benefit of victims of R. Allen Stanford’s alleged multi-billion dollar ... Continue reading "SEC Announces Additional Recovery for Recovery for Stanford Ponzi Scheme Victims" »

Ponzi Scheme Alert for Investors

Recently exposed Ponzi schemes, such as those perpetrated by Bernie Madoff and Allen Stanford, have raised awareness of such operations among the general public. But smaller, less notorious Ponzi ... Continue reading "Ponzi Scheme Alert for Investors" »

Choose a Firm with Accolades:

  • Super Lawyers
  • Million Dollar Advocates Forum
  • Preeminent AV Peer Review Rated
  • Best Lawyers Lawyer of the Year
  • Best Lawyers Best Law Firm
  • The Best Lawyers in America
  • Avvo 10/10 Rating