Common Investment Abuses,Excessive Trading | March 27, 2020

By: Courtney Werning, Esq. The Ohio Division of Securities revoked the securities license of former broker Sam Aziz of Dublin, Ohio for excessive trading in at least 12 customer accounts. According to his FINRA BrokerCheck report, Aziz was the subject of seven customer disputes, two terminations, and three regulatory actions before finally losing his license… read more

Uncategorized | March 26, 2020

By Chad M. Kohler, Esq. March 26, 2020 Many income investors, particularly retirees, have been sold energy-related stocks in recent years based on the promise of attractive yields and steady income streams. Unfortunately, because of the recent tumult in the global energy market, many of these investors have also seen their portfolios decimated in only… read more

Brokerage Firms,Ponzi Schemes | March 26, 2020

The US Securities and Exchange Commission (SEC) recently accused a Tampa real estate investment firm and its founder of operating a Ponzi scheme. Federal regulators have sued EquiAlt and its owner and chief executive officer, Brian Davison, alleging that they raised $170 million from approximately 1,140 investors and then misappropriated millions of those dollars to… read more

COVID-19,SEC News | March 26, 2020

The United States and the rest of the world are facing unprecedented challenges due to the coronavirus pandemic. Also known as Covid-19, this virus has essentially shut down the economy in the United States, and it has devastated investment portfolios. Many people have had to stand by and watch as their retirement accounts lose hundreds… read more

News,Securities Arbitration | March 26, 2020

Investment Adviser William J. Altman Ordered to Pay Full Losses to Investor for Ponzi Scheme An American Arbitration Association (AAA) arbitrator based in Albuquerque, New Mexico ordered investment adviser representative William J. Altman to pay damages of more than $200,000 to the estate of a deceased client represented by the investment fraud law firm of… read more

Common Investment Abuses,Current Case | March 25, 2020

By Courtney Werning, Esq. The investment fraud attorneys at Meyer Wilson have sued the brokerage firm INTL FCStone on behalf of nine families who were devastated financially during an options trading disaster in November 2018. FCStone handled the trades that James Cordier of OptionSellers.com made for 300 investors.  Cordier recruited investors to open accounts with… read more

Current Investigations,Investment Fraud | March 24, 2020

By: Courtney Werning, Esq. The investment fraud attorneys at Meyer Wilson are representing dozens of investors across the country in cases against the brokerage firms that approved GPB for sale to its customers. A brokerage firm’s most basic obligation to its customers is to properly and thoroughly conduct a due diligence investigation on an investment… read more

Corona Virus,Cover Your Assets,COVID-19,In the News,News | March 22, 2020

Recovering Investment Losses Caused by Financial Advisor Misconduct   By: David P. Meyer, Esq. Investment Loss Attorney Many retirees across the country who depend on their 401(k), IRAs and retirement savings to support them following decades of hard work are discovering that their nest eggs have been decimated by the decline in the stock market…. read more

SEC News | March 19, 2020

The U.S. Securities and Exchange Commission (SEC) announced last week that it will allow brokers to sell variable annuities to investors by providing a simplified disclosure to investors about the features, fees, and risks of the investment.  While the SEC’s stated goal (improving investors’ ability to make informed purchase decisions) is a worthy goal, the… read more

Brokerage Firms,Investment Fraud | March 19, 2020

Meyer Wilson Investigates Claims Against Brokerage Firms Who Sold Customers NGL Energy Partners. NGL Energy Partners (NYSE: NGL) is a Master Limited Partnership (MLP) that purports to provide services to oil producers such as the transportation, storage, and blending of refined and crude oil.  NGL has recently made news for suffering immense losses over the… read more