Meyer Wilson

Recovering Losses Caused By Investment Misconduct

Blog Posts in March, 2016

A Financial Industry Regulatory Authority rule encouraging investors to ask what incentives their brokers received to change firms has been approved by the Securities and Exchange Commission. As per ... Continue reading "FINRA Broker-Compensation Rule Approved by SEC" »
It’s tax season, which means the potential for scams increases greatly. The FBI has warned individuals of the possible scams that may arise, including individuals trying to impersonate the ... Continue reading "FBI Warns of Increase in IRS Impersonation Scams" »
In some situations, if you have someone you trust to help with your investments, granting them power of attorney can be helpful. However, you have to be cautious if you decide to do this. The ... Continue reading "FINRA Tips on Power of Attorney and Your Investments" »
According to the Investor Protection Trust, a nonprofit that advocates investor education, 17% of elderly Americans have been financially abused, which is down slightly from what it was six years ago. ... Continue reading "Survey Shows Slight Decrease in Elder Financial Abuse Claims" »
According to allegations made by the Financial Industry Regulator Authority’s Department of Enforcement, former Craig Scott Capital broker Edward Beyn took over $1.7 million in commissions by ... Continue reading "FINRA Allegations: Broker Took $1.7+ Million in Commissions" »

Affiliates of AIG Charged by SEC

Three affiliates of AIG were charged by the Securities and Exchange Commission for allegedly recommending mutual fund clients to invest in more expensive share classes. This allowed the firms to ... Continue reading "Affiliates of AIG Charged by SEC" »
In February of 2015, our securities fraud lawyers began investigating claims against former LPL Financial broker Charles Caleb Fackrell. We wrote a blog at that time discussing allegations against him ... Continue reading "Former LPL Broker Charles Caleb Fackrell Charged in Ponzi Scheme" »
The Securities and Exchange Commission has announced that former GL Capital Partners CEO Daniel Thibeault has pleaded guilty to charges of allegedly defrauding investors of roughly $15 million. ... Continue reading "Former GL Capital Partners CEO Daniel Thibeault Pleads Guilty to Fraud" »
Meyer Wilson Files FINRA Arbitration Against Raymond James On Behalf Of The Estate Of Former Resident Of Beaver, PA, Relating To Broker Jeffrey Ingros Jeffrey Ingros was permanently barred by the ... Continue reading "Meyer Wilson Files FINRA Arbitration Against Raymond James Relating To Broker Jeffrey Ingros" »
In a federal district court in Oregon, the Securities and Exchange Commission charged Aequitas Management LLC and its three top executives with allegedly defrauding investors. According to the ... Continue reading "Investment Group & Executives in Oregon Charged by SEC" »
Many investors are unaware that they can lookup information about their financial advisor’s regulatory and customer complaint history by going to FINRA’s BrokerCheck website at ... Continue reading "A New Study Shows Why Investors Should Use FINRA BrokerCheck" »
Former Ohio-based LPL Financial Broker Thomas H. Caniford has pled guilty to 135 counts relating to securities fraud and theft. Last August, Meyer Wilson announced our investigation into misconduct ... Continue reading "Thomas Caniford Pleads Guilty, Sentenced to 12 Years for Hedge Fund Fraud" »
On February 29, the Financial Industry Regulatory Authority barred a broker, David Joseph Escarcega, for allegedly selling risky alternative investments to senior citizen clients. According to the ... Continue reading "Broker Barred by FINRA for Allegedly Selling Risky Investments to Seniors" »
Former Cantella & Co., Inc. broker Ronald W. Nichter has signed and submitted a Letter of Acceptance, Waiver, and Consent pursuant to FINRA Rule 9216. Nichter, who joined the securities industry ... Continue reading "Meyer Wilson Investigating Claims Against Former Broker Ronald W. Nichter" »
After admitting to embezzling roughly $20 million during trial, former J.P. Morgan Chase & Co. investment adviser Michael Oppenheim was sentenced to serve five years in prison. Oppenheim was ... Continue reading "Former J.P. Morgan Adviser Receives 5-Year Prison Sentence" »
The FINRA Department of Enforcement recently filed a complaint against VFG Securities, Inc. (CRD #15121) and Jason Bryce Vanclef (CRD #5096529). According to the complaint, during the time between ... Continue reading "FINRA Department of Enforcement Files Complaint Against VFG Securities, Inc. & Jason Bryce Vanclef" »
Former SII Investment, Inc. broker Thomas Paul Schober (CRD #1058291) has signed a Letter of Acceptance, Waiver, and Consent (“AWC”) pursuant to FINRA Rule 9216. Schober allegedly ... Continue reading "Meyer Wilson Investigating Claims Against Former Broker Thomas Paul Schober" »
The Securities and Exchange Commission has charged Wells Fargo Securities and Rhode Island Economic Development Corporation (RIEDC; now Rhode Island Commerce Corporation) for fraud. They allegedly ... Continue reading "Rhode Island Quasi-Public Agency and Wells Fargo Charged with Fraud by SEC" »
A new study conducted by business school professors at University of Minnesota and University of Chicago shows that roughly 20% of financial advisers at Oppenheimer & Co. have records of ... Continue reading "Roughly 20% of Oppenheimer Advisers Cited for Misconduct" »
The Securities and Exchange Commission has issued an alert to investors warning of potential scams such as government impersonators. There are times when investors believe they may have been contacted ... Continue reading "Investor Alert: Be Aware of Government Impersonators" »
The Department of Enforcement has filed a complaint against former MetLife Securities and Pruco Securities broker Winston Wade Turner (CRD #5965386) amidst allegations that he engaged in misconduct ... Continue reading "FINRA Department of Enforcement Files Complaint Against Winston Wade Turner" »

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