Meyer Wilson

Recovering Losses Caused By Investment Misconduct

Blog Posts in May, 2015

Philip L. Grasso, formerly a broker with Allstate, allegedly defrauded two of his elderly customers out of $227,150 by diverting money from life insurance policies and annuities into his own accounts. ... Continue reading "Former Allstate Broker Philip Leonard Grasso Accused of Misappropriating Funds from Elderly Investors" »
Nationwide Life Insurance will pay an $8 million penalty to the U.S. Securities and Exchange Commission over variable annuity and life insurance policy errors Nationwide Life Insurance Co., based out ... Continue reading "Nationwide to Pay $8 Million over Variable Annuity Failures" »
Regulators say that brokerage firm violated industry rules relating to short interest reporting and short sales. Morgan Stanley, one of the largest full-service brokerage firms in the U.S., has been ... Continue reading "Morgan Stanley Fined $2 Million Over Multiple Violations" »
The owner of a Maryland office building “Empire Towers” recently pleaded guilty to operating a $7 million bond scheme involving more than 50 investors. Last week, former owner of Empire ... Continue reading "Wilfred Azar Pleads Guilty in $7 Million Bond Scheme" »
Former President and CEO of Morgan Peabody, David Williams, recently pleaded guilty to wire fraud and tax evasion charges for his role in a nearly $4 million investment scheme involving about 60 ... Continue reading "David Williams Pleads Guilty to $4 Million Real Estate Investment Scam" »
The securities attorneys at Meyer Wilson are currently investigating fraud accusations involving Matthew Christopher Katke (CRD# 4679645), who in March pled guilty to participating in a ... Continue reading "Former RBS Securities Broker Matthew Katke Pleads Guilty to Multimillion-Dollar Securities Fraud Scheme" »
The Financial Industry Regulatory Authority announced today that it ordered LPL Financial to pay $11.7 million in fines and restitution for widespread supervisory failures related to the sale of ... Continue reading "LPL Financial Fined $11.7 million for Widespread Supervisory Failures" »
Bryan Carnahan, formerly with Huntington Investment Company in Columbus OH, has been accused of misappropriating customer funds. The securities fraud lawyers at Meyer Wilson are currently ... Continue reading "Former Ohio Broker Bryan Carnahan Faces Misconduct Allegations" »
Securities fraud lawyers at Meyer Wilson are currently investigating misconduct accusations against former Cape Securities Inc. Broker Paul Elvidge that he misappropriated $690,000 from his clients. ... Continue reading "Meyer Wilson Investigates Former Cape Securities Inc. Broker Paul Elvidge" »

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