Meyer Wilson

Recovering Losses Caused By Investment Misconduct

Blog Posts in June, 2018

The Securities and Exchange Commission (SEC) recently announced that Merrill Lynch has agreed to pay $42 million for misleading its customers and its handling of trading orders. The SEC stated that ... Continue reading "Merrill Lynch, Pierce, Fenner & Smith Inc. Fined $42 Million for Misleading Customers" »
Thomas Edward Brenner, Jr., who at one point worked out of a brokerage firm office in Orrville, Ohio, has been named as a defendant in a federal securities fraud case filed earlier this week by the ... Continue reading "Former Ohio Stockbroker Thomas E. Brenner, Jr., Accused of Participating in Nationwide Ponzi Scheme" »
C. David Snyder, the former chief executive officer, president, and chairman of Attevo, Inc. was recently convicted on five counts of failure to pay over taxes and one count of embezzling from an ... Continue reading "An Awful Example of 401k Fraud: Ohio Business Executive Convicted for Embezzlement, Failure to Pay Over Taxes" »
The Securities and Exchange Commission (SEC) recently announced that it ordered Merrill Lynch, Pierce, Fenner & Smith Inc. more than $15 million over charges that its employees mislead customers ... Continue reading "Merrill Lynch, Pierce, Fenner & Smith Inc. to Pay $15.7 Million in Penalties and to Clients" »
Former Merrill Lynch broker Alexander Souponetsky has been suspended by FINRA for nine months as a result of him exercising discretion in the accounts of clients without written authorization. ... Continue reading "Former Merrill Lynch Broker Alexander Souponetsky Serving Regulatory Suspension for Exercising Unauthorized Discretion in Client Accounts" »
Former NY Life Securities broker Joel Flaningan was recently terminated from his position for allegedly soliciting the firm's clients to invest in Woodbridge Mortgage Investment Funds. The ... Continue reading "Selling Investors Woodbridge Mortgage Investment Funds Gets NY Life Securities Broker Joel Flaningan Terminated" »
Former Northwestern Mutual Investment Services broker Donnell Noah Bowen was recently barred from acting as a broker when he failed to provide FINRA with requested information and documentation ... Continue reading "Former Northwestern Mutual Investment Services Broker Donnell Noah Bowen Barred After Failing to Cooperate with an Investigation" »
Ameriprise Financial Services broker James Kujawski is under investigation by FINRA for allegations that he participated in private securities transactions and failed to inform a prior employer, UBS ... Continue reading "Meyer Wilson is Investigating Ameriprise Financial Services Broker James Kujawski for Allegations of Misconduct" »
The Securities and Exchange Commission (SEC) recently barred former New Jersey investment adviser Larry S. Werbel after he pled guilty to one count of investment adviser fraud and one count of ... Continue reading "Larry S. Werbel Barred By SEC over Adviser, Securities Fraud" »
The Committee for the Fiduciary Standard is renewing its push for financial advisors to sign its fiduciary oath with the recent pressure from insurance companies that are lobbying to kill the Labor ... Continue reading "Committee for the Fiduciary Standard Pushes for Financial Advisers to Sign Fiduciary Oath" »
Former U.S. Bancorp Investments, Inc. broker John Douglas Wade of Buena Park, California was barred by FINRA, who stated in a Letter of Acceptance, Waiver and Consent that Wade converted over $105,000 ... Continue reading "FINRA Bars Former U.S. Bancorp Broker John Wade for Converting Client Funds" »
This past year, Wall Street has been more chaotic than it has been in recent memory, which is causing investors to worry about the future of their investments. While you may be concerned about what ... Continue reading "Wall Street May Be Chaotic, but That Doesn't Mean Your Investments Should Be Too" »
Former financial advisor Eric Erb has been suspended by FINRA for 18 months and fined $20,000. According to the regulator, Erb committed a number of fraudulent acts, including photocopying signature ... Continue reading "Alleged Web of Fraud by Former Financial Advisor Eric Erb Has Cost Investors Millions" »
Former Securities Service Network broker Peter Holler was recently discharged from the firm for allegedly selling Woodbridge Mortgage Investment Fund to firm customers. FINRA also brought a regulatory ... Continue reading "Financial Advisor Peter Holler Terminated and Suspended for Selling Clients Woodbridge Ponzi Scheme" »
Former Royal Alliance Associates investment broker, Gary Basralian, was arrested on May 23, 2018 for allegedly stealing more than $2.1 million from two clients to pay for personal expenses. The ... Continue reading "Former Royal Alliance broker Gary Basralian Arrested for Allegedly Stealing More than $2 million from Clients" »
Mike Rufino, the head of the Financial Industry Regulatory Authority (FINRA) member regulation, recently outlined how the organization defines a high-risk broker during its annual conference in ... Continue reading "How Does FINRA Define High-Risk Brokers?" »

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