Meyer Wilson Blog

Investors Beware Of Coronavirus (COVID-19) Pump and Dump Schemes

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

Meyer Wilson Representing Investor Victims in Madison Timber Ponzi Scheme

By: Courtney Werning, Esq. Arthur Lamar Adams of Mississippi pleaded guilty to orchestrating a massive Ponzi scheme exceeding $100 million stolen from more than 250 investors in at least 14 states. He was sentenced to almost 20 years in prison.  Meyer Wilson currently represents victims of his scam. Adams and his cohorts represented to investors… read more

Senior Investors Should Add a “Trusted Contact Person” to Their Investment Accounts

By Chad M. Kohler, Esq. In my law practice over the years, I’ve represented numerous senior investors who were the victims of elder financial abuse. In many cases, the fraud may have been detected much earlier if the investor had filled out paperwork with their brokerage firm adding a “trusted contact person” on their investment… read more

Meyer Wilson Investigates Barred Broker Gerald Roger Dewes

By: Courtney Werning, Esq. Gerald Roger Dewes, formerly of Cadaret, Grant & Co. in Erie Country, New York, was permanently barred by FINRA yesterday.  Dewes failed to comply with FINRA’s investigation into his potential undisclosed private securities transactions and outside business activities. On November 18, 2019, Dewes was terminated from Cadaret for, according to the… read more

Investigation: Meyer Wilson Receiving Calls About Broker Murray Todd Peterson of Roseville, California

By: Courtney Werning, Esq. The investment fraud attorneys at Meyer Wilson are investigating allegations that Murray Todd Peterson of Roseville, California may have sold investors a diamond investment scam. Peterson was registered at the brokerage firm SCF Securities from 2012 through October 2019, at which time he was terminated for misstating and/or omitting material facts… read more

Former Ohio Financial Advisor Sam Aziz Loses Securities License for Excessive Trading

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

As Energy Markets Swoon, Many MLP Investors Suffer Huge Losses

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

Tampa Investment Firm EquiAlt Accused of Running 170M Ponzi Scheme

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

Meyer Wilson Wins Full Recovery for Elderly Client’s Estate in AAA Arbitration Hearing 

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

Meyer Wilson is Representing Victims of the Optionsellers.com Catastrophic Loss Event

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