Meyer Wilson

Recovering Losses Caused By Investment Misconduct

Blog Posts in 2017

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Texas-based financial advisor David Wayne Krumrey (CRD# 4121845) was terminated from the brokerage firm of Oppenheimer & Company relating to allegations that he violated securities industry rules. ... Continue reading "David Krumrey Terminated from Oppenheimer for Rule Violations" »
Bernie Madoff was arrested for stealing $64.8 billion from investors in the single largest Ponzi scheme in United States history less than a decade ago, but Americans are still falling prey to these ... Continue reading "Ponzi Schemes Continue to Destroy the Financial Lives of Americans Every Day" »
The Financial Industry Regulatory Authority (FINRA) permanently barred registered representative Lisa Lowi for failing to provide on-the-record testimony sought by the regulator relating to a pending ... Continue reading "Former Florida Broker Lisa Lowi Barred for Unsuitable Recommendations" »
The Securities and Exchange Commission (SEC) recently issued an investor warning regarding online paid-to-click scams that promise easy cash in exchange for purchasing a membership upfront. The SEC ... Continue reading "SEC Issues Warning Over Paid-to-Click Scams" »
Former Ohio-based firm broker, Christopher Todd Wendel, was terminated from SA Stone Wealth Management over an investigation into the selling of non-approved product, also known as “selling ... Continue reading "Meyer Wilson Investigating Former Ohio SA Stone Wealth Broker Terminated for Selling Away" »
Financial advisor Morgan Lewis Arford (CRD# 4945329) is currently the subject of a pending customer complaint. The complaint alleges that Arford sold unapproved and unsuitable oil and gas investments ... Continue reading "Morgan Lewis Arford Facing Allegations of Unsuitable Oil and Gas Investments" »
In recognition for our firm’s tireless efforts and success for our clients, U.S. News and Best Lawyers® selected Meyer Wilson for inclusion on the 2018 Tier 1 list of the Best Law Firms, an ... Continue reading "Meyer Wilson Named 2018 Tier 1 Best Law Firm" »

The 10 Most Common Investment Scams

Scammers have spent millennia refining old schemes and creating new ones to separate a mark from their money. While people are constantly testing out new ideas in an attempt to strike gold, the main ... Continue reading "The 10 Most Common Investment Scams" »
The New Jersey Bureau of Securities announced that LPL Financial, the second-largest independent broker-dealer in the US, was fined $950,000 and agreed to pay $25,000 to the state’s investor ... Continue reading "LPL Fined Again Over Sales of Alternative Investments" »

Three Scams to Keep an Eye Out For

It’s just about time to put on a costume and go out trick or treating, but full-sized candy bars aren’t the only targets out there this time of year. Fraudsters are out in full force ... Continue reading "Three Scams to Keep an Eye Out For" »
Wall Street is not doing enough to protect senior investors. Financial regulators warn that senior financial fraud is on the rise, and brokerages and financial advisors are responsible for not doing ... Continue reading "Are Brokerages and Advisors Doing Enough to Protect Seniors?" »
Understanding investment and broker fees can protect investments and increase returns. Investment expenses have a big impact on financial returns, especially over a long period of time. Common ... Continue reading "Do You Understand the Fees Your Broker is Charging?" »
The Senate voted 51-50 on Tuesday, October 24 to repeal a rule put in place by the Consumer Financial Protection Bureau (CFPB) that banned mandatory arbitration clauses in certain financial contracts. ... Continue reading "Congress Votes in the Middle of the Night to Give Big Banks Immunity from Lawsuits" »
Wells Fargo Clearing Services, LLC and Wells Fargo Advisors Financial Network, LLC were recently ordered to pay more than $3.4 million in restitutions for unsuitable recommendations and related ... Continue reading "Wells Fargo Broker-Dealers Ordered to Pay $3.4 Million in Restitution" »
Danny Scott Hood (CRD# 3236852) has been barred from the securities industry by the SEC, effective Oct. 11, 2017, for his part in a variable annuity scam. From October 2012 to December 2014, Danny ... Continue reading "Danny Scott Hood Barred for Variable Annuity Scam" »
Jack McBride, a financial broker currently registered at Wunderlich Securities Inc., was under investigation by FINRA over allegations of soliciting prohibited securities up until the FINRA claims ... Continue reading "Wunderlich broker Jack McBride Under Investigation for Unsuitable ETFs" »
Once you have made the decision to hire a financial professional to help manage your investments, you will notice that some of these people may have a number of letters following their name. In the ... Continue reading "What You Need To Know About Financial Designations" »
The Financial Industry Regulatory Authority (FINRA) recently released a statement warning investors that a number of non-lawyer representatives have exploited customer claimants they represented in ... Continue reading "FINRA Issues Warning Over Non-Lawyer Arbitration Representatives" »
Loaded mutual funds charge investors sales fees that compensate the broker for his/her services when accounts are open or closed. These fees often benefit the broker more than the investor. Loaded ... Continue reading "Is Your Broker Cheating You with Loaded Mutual Funds?" »
By law, investment advisors who give clients advice and recommendations on investments have a fiduciary duty to act in their clients' best interest. All conflicts of interest must be disclosed ... Continue reading "Did Your Adviser Put Your Best Interests First?" »
The law firm of Meyer Wilson has successfully represented numerous investors in recent years who suffered significant losses in energy-related stocks, master limited partnerships (MLPs), and other ... Continue reading "Energy Investors Continue to Lose Money in 2017; Investors May Be Able to Recover Their Losses in FINRA Arbitration" »
The investment fraud attorneys at the Meyer Wilson law firm have seen an increase in instances of brokerage firm customers, particularly retirees and senior investors, being sold shares of business ... Continue reading "Meyer Wilson Investigating Investor Losses in Business Development Companies" »
Mikhail Filshtinskiy, a former Wells Fargo broker who was suspended by FINRA in 2016, is the subject of a pending arbitration relating to allegations that Filshtinskiy aided a hedge fund manager to ... Continue reading "Former Wells Fargo Broker Mikhail Filshtinskiy Accused of Aiding a Hedge Fund Manager to Defraud Clients" »
The Financial Industry Regulatory Authority (FINRA) has permanently barred Lorenzo Esteva after he failed to provide documents in response to customer complaints of investment fraud, falsified ... Continue reading "Former UBS broker Lorenzo Esteva Barred During Investigation of Unauthorized Trading" »
A broker with Geneos Wealth Management has been accused by clients of making unsuitable investment recommendations in real estate securities. Joseph Sterling (CRD# 1101378), who is still registered ... Continue reading "Joseph Sterling of Geneos Wealth Management the Subject of Customer Complaints for making Unsuitable Recommendations" »
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