Meyer Wilson

Recovering Losses Caused By Investment Misconduct

Blog Posts in March, 2018

Meyer Wilson is investigating former Morgan Stanley broker Thomas Meier for allegations involving unsuitable energy-related investments, misrepresentation, breach of fiduciary duty, negligence, and ... Continue reading "Meyer Wilson Investigates Former Morgan Stanley Broker Thomas Meier" »
According to a complaint recently filed by the Securities and Exchange Commission (SEC), the Woodbridge group of companies is nothing more than a Ponzi Scheme that raised more than $1.22 billion ... Continue reading "Former HD Vest Broker Jerry Raines Investigated for Allegations Involving Woodbridge Mortgage Investment Fund" »
The Financial Industry Regulatory Authority (FINRA) recently released an investor alert about behaviors potentially fraudulent financial professionals often engage in. It’s important to keep a ... Continue reading "Red Flags to Look Out for From Your Financial Professional" »
Former financial advisors Clement Chichester and Brittany Sias have been arrested, “by detectives from the California Department of Insurance for allegedly scamming a senior victim out of more ... Continue reading "More Victims Expected to Come Forward in Case Involving Former Western International Securities Brokers Sias and Chichester" »
Former brokers Deborah Kelley and Gregg Z. Schonhorn were recently charged by the SEC and barred for their alleged roles in a "pay-to-play" pension fund scandal involving the NY State Common ... Continue reading "Two Former Brokers Barred For Their Alleged Roles in Pension Fund Scandal, Top Official Navnoor Kang Charged with Fraud" »
When a broker sells, or solicits the sale of, securities or investment products that may not be authorized by the member firm with which the broker is registered, the brokerage firm may be held liable ... Continue reading "Failure to Supervise Can Result in Broker-Dealer Liability in "Selling Away" Cases" »
While wrap fees are an attractive option for many investors because they enable people to pay a single fee for bundled investment services, a thorough understanding of exactly what services are ... Continue reading "Are You Wrapped Up in an Unsuitable Wrap-Fee Program?" »
Former Morgan Stanely Broker Darrell Rideaux was recently barred by FINRA because he refused to cooperate with its investigation regarding allegations that he solicited private placement investments ... Continue reading "FINRA Has Barred Former Morgan Stanley Broker Darrell Rideaux After Allegations of Selling Away" »
Former California-based Morgan Stanley broker Kevin Yang was recently suspended by FINRA and charged a $5,000 fine for exercising discretion in customer accounts without prior written authorization. ... Continue reading "Former Morgan Stanley Broker Kevin Yang Terminated From Firm and Suspended by FINRA" »
The U.S. Securities and Exchange Commission (SEC) has issued a warning advising investors to use caution when dealing with cryptocurrency exchanges. Since many cryptocurrency exchanges are ... Continue reading "SEC Warning: Unregulated Cryptocurrency Exchanges Place Investors at Risk" »
The Financial Industry Regulatory Authority (FINRA) recently barred former Morgan Stanley Broker Michael Ralby of Boca Raton, FL for declining to participate in an investigation into allegations that ... Continue reading "Former Morgan Stanley Broker Michael Ralby Barred for Declining to Comply with Regulatory Investigation" »
Last month, a securities fraud class action was filed on behalf of persons who purchased shares of the LJM Preservation and Growth Fund. According to the Complaint filed in the U.S. District Court for ... Continue reading "Meyer Wilson Investigates Allegations Against the LJM Preservation and Growth Fund" »
FINRA has permanently barred former Wells Fargo broker Jeffrey Palish for receiving money from a customer for his personal use. Palish accepted the money from his customer without the ability or ... Continue reading "Former Wells Fargo Broker Jeffrey Palish Accused of Stealing Elderly Client's Funds" »
Hilliard Lyons broker Christopher Bennett was recently ordered to pay $445,000 in damages for allegedly committing several FINRA violations that resulted in significant losses to a client's ... Continue reading "Hilliard Lyons Broker Christopher Bennett Ordered to Pay $445,000 in Damages to Customer in FINRA Arbitration" »
The Justice Department instructed Wells Fargo to conduct an independent investigation into its wealth-management business in late 2017 after whistleblowers raised concerns to the agency. According to ... Continue reading "Justice Department Investigating Wealth Management Unit at Wells Fargo" »
Former Texas-based Oppenheimer broker David Krumrey has been suspended from acting as a broker for failing to respond to FINRA requests for information. Krumrey was fired by Oppenheimer in August 2017 ... Continue reading "Former Oppenheimer & Company Broker David Krumrey Was Suspended by FINRA for Failing to Produce Information" »

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