Meyer Wilson

Recovering Losses Caused By Investment Misconduct

Blog Posts in November, 2015

We are proud to announce that Meyer Wilson has opened a third office in downtown Cleveland. The Cleveland office joins our main office in Columbus, Ohio, and our West Coast office in Los Angeles, ... Continue reading "Meyer Wilson Opens Third Office in Cleveland, Ohio" »

Beware of Pump-and-Dump Schemes

Last week, our team posted a blog regarding a pump-and-dump scheme involving Jammin’ Java. The alleged scheme resulted in charges brought down by the Securities and Exchange Commission (SEC) ... Continue reading "Beware of Pump-and-Dump Schemes" »
On Monday, November 23, the Securities and Exchange Commission brought a civil lawsuit in federal court in Pennsylvania against former Edward Jones broker Bernard Parker (CRD# 2010184). According to ... Continue reading "Meyer Wilson Investigating Accusations Against Former Edward Jones Stockbroker Bernard Parker" »

How Unit Investment Trusts Affect You

At Meyer Wilson, we have seen numerous clients who have lost money due to unit investment trusts (UITs). Brokers and brokerage firms are often pitching UITs as helpful and beneficial. Unfortunately, ... Continue reading "How Unit Investment Trusts Affect You" »
In an announcement on November 17, 2015, the Securities and Exchange Commission (SEC) charged numerous individuals with fraud involving an alleged pump-and-dump scheme using Jammin’ Java stock. ... Continue reading "SEC Brings Charges for a Pump-and-Dump Scheme Involving Jammin' Java" »
We have been following the case involving Jerry Cicolani, Jr. and Kelly Hood relating to the Ponzi scheme involving KGTA Petroleum. Last month, we posted a blog regarding charges the SEC brought ... Continue reading "Jerry Cicolani and Kelly Hood Submit Offer of Settlement of SEC Charges" »
The British bank Barclays Plc has agreed to pay an additional $150 million in order to resolve allegations by the New York Department of Financial Services (NYDFS) that it rigged foreign exchange ... Continue reading "Barclays Enters Consent Order to Pay Additional $150 Million to Resolve Forex Rigging Allegations" »

To Whom Do I Write My Check?

When it comes to securities fraud cases, it seems that one of the more common issues in the matter is investors not knowing to whom they should write the check. This is a problem that results in ... Continue reading "To Whom Do I Write My Check?" »
Zachary T. Bader (CRD# 5902742) recently accepted and consented to findings by the Financial Industry Regulatory Authority (FINRA) that accused him of excessive trading and churning, as well as ... Continue reading "Former National Securities Corp. Broker Zachary T. Bader Accused of Misconduct, Meyer Wilson Investigates" »
An Ohio registered investment adviser, Douglas Cowgill, recently pleaded guilty to defrauding his clients. Back in May 2014, Meyer Wilson reported on the Ohio registered investment adviser who had ... Continue reading "Douglas E. Cowgill Pleads Guilty to Fraud" »
The state of Massachusetts recently charged Realty Capital Securities with proxy vote fraud. Realty Capital Securities, part of RCS Capital Corporation, is currently facing fraud charges. The state of ... Continue reading "Realty Capital Securities Facing Fraud Charges" »
Ralph Willard Savoie (CRD# 411660) accepted and consented to findings by the Financial Industry Regulatory Authority (FINRA) that accused him of refusing to respond to their requests for information ... Continue reading "Former Cambridge Broker Ralph Savoie Accused of Misconduct, Meyer Wilson Investigates" »
There are numerous brokerage firms out there that send out mail promoting seminars to discuss investment strategies or advice for individuals regarding their finances. These are often sent out to ... Continue reading "Be Mindful of Investment Seminars as a Retiree" »
The investment fraud lawyers at Meyer Wilson have been hired by a customer of former broker Tracy Wengert to recover investment losses. Just last week, the Financial Industry Regulatory Authority ... Continue reading "Victim of Tracy Wengert's Alleged Investment Misconduct Hires Meyer Wilson Law Firm to Recover Losses" »
In April of 2015, our securities fraud lawyers posted a blog about former J.P. Morgan adviser Michael J. Oppenheim ( CRD# 3021013 ). Oppenheim was accused of stealing $20 million from his J.P Morgan ... Continue reading "Former J.P. Morgan Adviser Michael Oppenheim Admits to Stealing $22M from Clients" »
By Attorney Courtney Werning In an administrative case filed by the Massachusetts Securities Division on October 26, 2015, Fidelity Brokerage Services LLC (Fidelity) is accused of knowingly allowing ... Continue reading "Fidelity Brokerage Services Accused of Misconduct" »
On July 19, 2015, we posted a blog discussing the case involving former broker John Steven Blount. At the time, Blount pleaded guilty to one count of wire fraud. The charge stemmed from his ... Continue reading "Former Broker John Steven Blount Sentenced to Over 19 Years" »
Former Ameriprise Financial Inc. adviser Susan Elizabeth Walker ( CRD# 1823941 ) was sentenced this week after admitting to accusations that she misappropriated almost $1 million of client assets. She ... Continue reading "Former Ameriprise Adviser Susan Elizabeth Walker Sentenced to 88 Months for Stealing Client Funds" »
FINRA issued an Investor Alert on Thursday, November 5, 2015, informing investors of a potential scam using impersonations of the Internal Revenue Service. The alert warns investors of the risks of ... Continue reading "FINRA Investor Alert: Phones & Emotions Used as Tools for Fake IRS Scam" »
The Financial Industry Regulatory Authority (FINRA), the self-regulatory organization that oversees brokerages firms, issued an Investor Alert last week warning investors about the significant risks ... Continue reading "FINRA Investor Alert: All-Or-Nothing Binary Options Frequently Fraudulent" »
The husband and wife team from Ohio, William Apostelos and Connie Apostelos, have pleaded not guilty to allegations that they ran a Ponzi scheme that defrauded investors out of $70 million. According ... Continue reading "Apostelos Couple Pleads "Not Guilty" in $70 Million Ponzi Scheme Case" »
Former broker Patricia Miller, who was arrested on charges related to a Ponzi scheme, has been issued an SEC Order instituting administrative proceedings in pursuant to Section 203(f) of the ... Continue reading "SEC Order Issued Against Former Broker Patricia Miller" »
On October 30, 2015, the Securities and Exchange Commission (SEC) announced that it had adopted final rules that would allow securities offerings by companies through the use of crowdfunding. The SEC ... Continue reading "Rules Permitting Crowdfunding Adopted by SEC" »

The Risks of Investing On Margin

Investing on margin is a very difficult and risky investment to make unless you are a seasoned investor. Oftentimes, there are investors who are just starting or have very little experience in ... Continue reading "The Risks of Investing On Margin" »

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