Meyer Wilson

Recovering Losses Caused By Investment Misconduct

Blog Posts in July, 2018

Former Stifel Nicolaus & Company broker Stephen Hurtuk is facing allegations of selling his customers unsuitable investments. Though he is no longer registered to work with a FINRA member firm, ... Continue reading "Former Stifel Nicolaus Broker of Boardman, Ohio Stephen Hurtuk Faces Allegations of Selling Speculative, Unsuitable Investments" »
Former Stifel, Nicolaus & Company investment broker Mitchell Yanow was recently barred after he consented to the Financial Industry Regulatory Authority’s (FINRA’s) findings that he ... Continue reading "Former Stifel, Nicolaus & Company Broker Mitchell Yanow Barred for Stealing Customer Funds" »
JJB Hilliard, WL Lyons broker Michael Barnett is the subject of numerous customer complaints alleging breach of fiduciary duty, negligence, negligent misrepresentation and omission, breach of ... Continue reading "JJB Hilliard, WL Lyons Broker Michael Barnett Facing Allegations of Investment Misconduct" »

How to Recover Losses in FIP

Future Income Payments Reportedly Costs Investors More Than $100 Million Future Income Payments, a company run from a mailbox located in a strip mall just outside of Las Vegas, recently shut down, ... Continue reading "How to Recover Losses in FIP" »
FINRA has barred former Wells Fargo broker John Schmidt after he failed to respond to its investigation regarding accusations of misappropriation, misrepresentation, and theft of client funds. Schmidt ... Continue reading "Former Wells Fargo Broker John Schmidt Accused of Misappropriation, Theft of Client Funds" »
Former Cambridge Investment Research Advisors, Inc. broker Ralph Savoie was barred in 2015 after allegedly defrauding investors in a Ponzi scheme. On March 26, 2018, he pleaded guilty to one count of ... Continue reading "Former Cambridge Broker Ralph Savoie Criminal Charged for Defrauding Investors in Ponzi Scheme" »
Broker-dealers who inflate investment fund performance to retain business and gain new clients deny investors the opportunity to make informed investment decisions. Inflating Fund Performance is ... Continue reading "Defrauding Investors by Inflating Fund Performance" »
Massachusetts securities regulators allege that three hedge funds in Cambridge are operating a Ponzi scheme that has cost investors more than $15 million in losses. Ponzi Scheme Fraud A recent ... Continue reading "Hedge Fund Ponzi Scheme Leads to More than $15 Million in Losses" »
The Securities Exchange Commission (SEC) has proposed a new best interest standard that requires brokers to act in the best interest of their clients, but the rule lacks clarity. What is the Best ... Continue reading "SEC's Best Interest Standard Causing Confusion Over Undefined Rules, Vague Language" »
Former HD Vest broker Donna Barnard is facing multiple complaints involving Woodbridge Investment Funds. Allegations from impacted customers include the misrepresentation of material facts, failure to ... Continue reading "Former HD Vest Broker Donna Barnard Facing Multiple Complaints for Selling Customers Woodbridge Ponzi Scheme" »
Meyer Wilson is investigating allegations that former Morgan Stanley broker Randall Hayes sold customers unsuitable inverse and leveraged ETFs (exchange traded funds). According to allegations made by ... Continue reading "Former Morgan Stanley Broker Randall Hayes Under Investigation for Allegedly Selling Inverse and Leveraged ETFs" »
Former Wells Fargo broker Ramon Herrera was recently suspended after failing to respond to FINRA requests for information during its regulatory investigation. FINRA was investigating allegations that ... Continue reading "Former Wells Fargo Broker Ramon Herrera Under Regulatory Suspension for Misconduct" »

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