Meyer Wilson

Recovering Losses Caused By Investment Misconduct

Blog Posts in October, 2015

A recent investigation conducted by a U.S. Senator’s office revealed that companies that represent billions in annuity sales offer kickbacks to sales agents and marketing organizations in ... Continue reading "Slimy Sales Practices in the Annuity Industry: Kickbacks and Perks Can Often Result in Unsuitable Investment Recommendations" »
Former Edward Jones broker Anthony C. Gray (CRD# 6094760) submitted a Letter of Acceptance, Waiver, and Consent on October 19, 2015 in response to allegations from FINRA of misappropriating customer ... Continue reading "Meyer Wilson Investigating Accusations Against Former Edward Jones Broker Anthony C. Gray" »
The SEC has issued an Order instituting administrative and cease-and-desist proceedings against former broker Gary M. Arford ( CRD# 2440941 ). According to the SEC, Arford served as an investment ... Continue reading "SEC Brings Administrative and Cease-and-Desist Proceedings Against Former Broker Gary M. Arford" »
More than 12 years after he was indicted, Eric Bartoli is in custody in the United States and a court date is scheduled for today, October 29, 2015. Bartoli was sued in 1999 by the Securities and ... Continue reading "Fugitive Eric Bartoli in Custody in the U.S., Court Date Scheduled" »
In January of this year, we posted a blog regarding former Edward Jones financial advisor Jason Cox who was accused of stealing money from an elderly woman. Prosecutors accused Cox of taking $160,000 ... Continue reading "Former Advisor Jason Cox Sentenced for Defrauding Investors" »
Michael Szafranski, a financial advisor for Scott Rothstein, was sentenced to two and a half years in prison after pleading guilty to wire fraud charges stemming from a Ponzi scheme led by Rothstein. ... Continue reading "Former Broker Michael Szafranski Sentenced for Role in Scott Rothstein Ponzi Scheme" »

What Are Non-Traded REITs?

Investors often have questions regarding various investments that are recommended to them, including those involving non-traded Real Estate Investment Trusts. These are investment options that can be ... Continue reading "What Are Non-Traded REITs?" »
Former broker Jason A. Muskey has been issued an SEC Order instituting administrative proceedings stemming from allegations of misconduct in violations of Section 15(b) of the Securities Exchange Act ... Continue reading "SEC Order for Administrative Proceedings Against Jason A. Muskey" »
A former Primesolutions Securities, Inc. and Merrill Lynch, Jerry Cicolani, Jr. was recently issued an SEC Order instituting administrative proceedings. The securities fraud lawyers at Meyer Wilson ... Continue reading "Jerry Cicolani, Jr. Issued SEC Order of Administrative Proceedings" »
In December 2014, we posted a blog regarding former broker Frederick V. McMenimen III, who previously received a cease of desist order after allegations of misconduct. Now, the SEC has instituted ... Continue reading "SEC Orders Administrative Proceedings Against Frederick V. McMenimen III" »
In a report released today, the Public Investors Arbitration Bar Association stated that despite reforms by FINRA, brokers still have a high success rate when seeking expungement. Based on a recent ... Continue reading "Brokers' Record Cleansing Reaches 87% Success Rate Despite FINRA Efforts" »
On October 19, 2015, the Securities and Exchange Commission (SEC) announced that former president of Coastal Investment Advisors Inc., Michael Donnelly, and its affiliated broker-dealer, agreed to ... Continue reading "Michael Donnelly, Former Head of Coastal Investment Advisors, Agrees to Settle Charges" »

Brokers' Fees and How They Affect You

When it comes to investing, brokers are paid in different ways. It is a common occurrence, though, for investors to be unaware of the broker’s fees and how they are expected to pay. Oftentimes, ... Continue reading "Brokers' Fees and How They Affect You" »
On September 11, 2015, Denny Darmodihardjo (CRD# 2589997) accepted and consented to FINRA’s allegations that he engaged in excessive trading of three customer accounts, as well as recommended ... Continue reading "Meyer Wilson Currently Investigating Accusations Against Former Rockwell Broker Denny Darmodihardjo" »
In an announcement on October 13, 2015, the Securities and Exchange Commission (SEC) announced that UBS agreed to settle charges by the SEC alleging that UBS made false or misleading statements and ... Continue reading "NEWS: UBS Agrees to Pay $19.5 Million to Settle SEC Charges" »
In any matter of investment fraud, it is important for your lawyer to know first off whether your account falls in the category of discretionary or non-discretionary. This is often a big part of the ... Continue reading "Understanding the Difference Between Discretionary & Non-Discretionary Accounts" »
Three private equity advisors have agreed to pay almost $39 million dollars to settle charges of disclosure failures brought against them, the Securities and Exchange Commission announced on ... Continue reading "NEWS: The Blackstone Group Advisers Agree to Settle Charges for Failing to Disclose Necessary Information" »
The Securities and Exchange Commission (SEC) recently issued a warning to investors cautioning them against pyramid schemes that masquerade as multi-level marketing (MLM) programs. MLM programs are ... Continue reading "NEWS: Investors Warned of Pyramid Schemes Disguised as Multi-Level Marketing Programs" »
Thomas E. Jackson, co-founder of Imperial Integrative Health Research and Development LLC (Imperial) was sentenced for wire fraud and money laundering. On March 25, Jackson was convicted of conspiracy ... Continue reading "NEWS: OXYwater Co-Founder and Partner Sentenced for Wire Fraud and Money Laundering" »
Last week, the SEC brought cease and desist proceedings against former broker Howard D. Richards (CRD# 2172691) for engaging in securities fraud. During the relevant period, Richards was a licensed ... Continue reading "Meyer Wilson Investigating Claims Involving Former Minnesota Broker Howard Richards" »
Last week, the Securities and Exchange Commission (SEC) initiated administrative proceedings against UBS Financial Services Inc. of Puerto Rico and one of its former branch managers for improperly ... Continue reading "NEWS: UBS Puerto Rico Agrees to Settle Supervisory Failure Case with the SEC" »

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