Meyer Wilson Blog

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

Did Your Financial Advisor Recommend GPB Capital Funds?

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

Coronavirus Market Crash – Legal Options to Recover Investment Losses for Retirees

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

New Rule: The SEC Permits Summary Prospectuses for the Sales of Variable Annuities

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

Did Your Broker Recommend NGL Energy Partners?

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

Emergency Freeze Against Today’s Growth Consultants For Running $75M Ponzi Like Scheme

The US Securities and Exchange Commission (SEC) recently announced that they have obtained a restraining order and filed an emergency enforcement action against Today’s Growth Consultant Inc. as well as company owner, Kenneth D. Courtright III. Courtright was arrested on criminal fraud charges in addition to the securities fraud charges brought by the SEC. It… read more

Investment Scams in 2020 You Could be Targeted By

While a new year may have brought new resolutions for you, it also comes with investment scams that consumers need to worry about. Some of them have been around a while, but others are relatively new and gaining traction. Most financial experts will tell you that a sign that an investment opportunity may be a… read more

Investment Fraud Claims Filed Against Shimson Plotkin

Have you or someone you know lost money investing with Shimson Plotkin (CRD# 2431863)? Plotkin is currently a registered broker and investment advisor employed with Independent Financial Group, LLC (CRD#: 7717). Shimson Plotkin has been involved in various disputes with customers throughout his career, which began in the financial industry in 1994. The most recent… read more