Meyer Wilson

Recovering Losses Caused By Investment Misconduct

Blog Posts in June, 2015

Thomas Abdallah, Mark George, and Jeffrey Gainer have been indicted for their alleged role in a $17 million Ponzi scheme involving approximately 70 investors. According to accusations, these men ... Continue reading "Ohio Men Indicted for Allegedly Defrauding Investors Out of $17 Million" »
Robert N. Tricarico was recently accused by FINRA of failing to provide documents and information requested in connection with its investigation earlier this year. Tricarico was a broker at LPL ... Continue reading "Firms Must Pay Close Attention to Brokers with History of Financial Problems" »
Back in April, we reported that we were investigating misconduct allegations facing Larry Dearman, a former financial advisor from Oklahoma. Larry Joe Dearman Sr. (CRD# 4502863) was accused of raising ... Continue reading "SEC Bars Former Broker Larry Dearman from Securities Industry" »
FINRA has banned broker Sylvester King Jr. (CRD# 4011622) for a period of 18 months and fined him $35,000 over selling away allegations and other accusations of misconduct. King accepted and consented ... Continue reading "Sylvester King Jr. Faces Selling Away Accusations Involving Startup Company GVC" »
William Michael Quigley (CRD# 1968265) has been accused by the SEC of participating in a fraudulent offering scheme with his two brothers, Michael Quigley and Brian Quigley. According to the SEC, ... Continue reading "SEC Accuses Former Broker William Quigley & Brothers of Fraudulent Offering Scheme" »
Timothy John Roth (CRD# 722565) was charged with stealing over $16 million of his clients’ assets in 2013. According to the SEC, Roth stole mutual fund shares by transferring the shares to an ... Continue reading "Former Broker Timothy Roth Accused of Misappropriating Millions of Dollars of Client Funds" »
U.S. District Judge Michael R. Barrett handed down John Bullar’s sentence this Monday, giving him “100 months in prison, three years of supervised release, was ordered to forfeit ... Continue reading "John Bullar To Pay $6.2 Million in Restitution for Ponzi Scheme" »
Morgan Stanley recently accepted and consented to FINRA’s findings that its lack of adequate supervisory systems resulted in three Morgan Stanley brokers being able to convert nearly $500,000 ... Continue reading "Morgan Stanley Fined $650k for Inadequate Supervision of Its Brokers" »
FINRA recently initiated disciplinary proceedings against former broker Vito J. Balsamo (CRD# 2084901). In response, Balsamo submitted an Offer of Settlement. This week, FINRA accepted Balsamo’s ... Continue reading "Update on Misconduct Claims Against Vito Balsamo" »
According to FINRA, “Scottrade failed to establish, maintain, and enforce a supervisory system” regarding “wire transmittals from customer accounts to third party accounts” ... Continue reading "Scottrade Fined $300,000 by Regulators" »
Lee Michael Harrison of Oklahoma City was indicted on June 17, 2015 with three counts of wire fraud. According to the U.S. Attorney’s Office for the Eastern District of Pennsylvania, between ... Continue reading "Lee Michael Harrison Indicted on Three Counts of Wire Fraud" »
Tim Duncan has sued his former financial adviser Charles Banks, saying Banks recommended investments that were unsuitable due to conflicts of interests. As a result, Duncan says he sustained losses of ... Continue reading "NBA Star Tim Duncan Allegedly Loses $25 Million Due to Financial Adviser Misconduct" »
Meyer Wilson’s investment fraud lawyers are currently investigating FINRA’s findings regarding former NYLIFE Securities broker Anthony Gary Epps ( CRD# 1030645 ). According to FINRA, Epps ... Continue reading "Former NYLIFE Broker Accused of Participating in Outside Business Activity" »
An estimated 7.3 million people over the age of 65 have been the victims of financial fraud. That’s about 20 percent of all adults over 65. Fraudsters often take advantage of cognitive decline ... Continue reading "Protecting the Elderly from Broker Fraud" »
Broker Dealer Financial Services Corp. or “BDFS” recently accepted and consented to FINRA’s findings that the firm failed to establish and maintain a supervisory system to ensure ... Continue reading "Broker Dealer Financial Services Corp. Fined $75,000 for Unsuitable Sale of Leveraged or Inverse ETFs" »
Roderick Yzaguirre (CRD# 2484360), formerly registered as a financial advisor with Merrill Lynch, was recently the subject of multiple customer complaints involving serious allegations from Merrill ... Continue reading "Meyer Wilson Investigates Former Merrill Lynch Broker Roderick Yzaguirre" »
Equity Trust Company, an Ohio-based IRA provider, is facing SEC charges for allegedly ignoring the warning signs on accounts that eventually were discovered to be fraudulent. According to the ... Continue reading "SEC Charges Ohio-Based IRA Provider in Connection with Ponzi Scheme" »
A U.S. Attorney for the Western District of Wisconsin recently announced the unsealing of an indictment charging an investment advisor with 21 counts of wire fraud and money laundering. An investment ... Continue reading "Pamela Hass Charged with 10 Counts of Wire Fraud, 11 Counts of Money Laundering" »
The SEC has charged Nicholas Lattanzio, a New Jersey man who was allegedly posing as a hedge fund manager, with fraud. According to the SEC, Lattanzio promised a number of small businesses substantial ... Continue reading "SEC Charges New Jersey Man with Defrauding Small Businesses" »
Thomas Buck, formerly a broker with Merrill Lynch and now an investment broker at RBC Wealth Management, is facing several complaints of improprieties from investors. Thomas Joseph Buck (CRD# ... Continue reading "Former Merrill Lynch Broker Thomas J. Buck Faces Several Investor Complaints" »
A recent criminal complaint charged former Patriots player Will Allen and former Regions Bank executive Susan Daub with securities fraud for their role in an alleged Ponzi scheme involving ... Continue reading "Former NFL Player and Former Bank Exec Arrested for Securities Fraud" »
A former Ohio lawmaker was found guilty this week on 13 of the 38 total felony counts against him for his role in an investment scheme. Back in July 2013, we reported that Peter Beck, the now-former ... Continue reading "Former Ohio State Representative Peter Beck Found Guilty on 13 Counts" »
The U.S. Securities and Exchange Commission recently released a warning to investors to thoroughly check a financial advisor’s purported credentials. The SEC recently issued a warning to ... Continue reading "Beware of Trusting Financial Advisors Based on Credentials Alone" »
The U.S. Securities and Exchange Commission announced that Merrill Lynch would pay $11 to settle charges regarding the use of inaccurate data for the order of short sales. Two Merrill Lynch entities ... Continue reading "Merrill Lynch to Pay $11 Million Over Inaccurate Data on Short Sale Orders" »
The Securities and Exchange Commission (SEC) announced in February that Joseph Zada was ordered to pay $121.6 million by a federal judge in Michigan following accusations that he duped at least 60 ... Continue reading "Sixth Circuit Court of Appeals Upholds $120 Million Judgment against Oil Fraudster for Selling Unregistered Securities in the form of Promissory Notes" »

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