Category: Brokerage Firms

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

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 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

Financial Advisor David Miller Has Multiple Investment Fraud Claims Filed Against Him

Have you or someone you love lost money investing with financial advisor David Miller (CRD# 4648882)? Miller is currently a registered broker and investment advisor employed with Peachcap Securities, Inc. out of Atlanta, GA. David Miller has had a lengthy career in the investment industry, dating back to 2003. However, he is also the subject… read more

Former UBS Advisor Ricardo Turlan Terminated Over Allegations of Unauthorized Trading, Unsuitability

Lose money investing with former UBS Financial Services Broker Ricardo Turlan? Turlan was terminated by UBS over alleged unauthorized trading and unsuitability. Call Meyer Wilson to discuss a case.

Merrill Lynch, Pierce, Fenner & Smith Inc. Fined $42 Million for Misleading Customers

If you lost money because of your financial adviser’s actions, you may be able to file a lawsuit to secure the compensation you deserve. At Meyer Wilson, our investment fraud lawyers have nearly two decades of experienced handling these types of cases, and will put that knowledge to use fighting for your rights in court or at the negotiation table.

Meyer Wilson Investigating Investor Losses in Business Development Companies

The investment fraud attorneys at the Meyer Wilson law firm have seen an increase in instances of brokerage firm customers, particularly retirees and senior investors, being sold shares of business development companies or “BDCs.” These investments have become especially popular with brokers and brokerage firms in recent years because BDCs often promise higher yields than… read more

Merrill Lynch Fined $7 Million by FINRA

Merrill Lynch, Pierce, Fenner & Smith Inc. has been fined $6.25 million, with an additional $780,000 to be paid in restitution, after the Financial Industry Regulatory Authority (FINRA) found that the firm inadequately supervised its customers’ use of leverage in their brokerage accounts. Merrill neither admitted nor denied the charges announced on Wednesday, November 30,… read more

VALIC Financial Advisors, Inc. Fined $1.75 Million

The Financial Industry Regulatory Authority (FINRA) has fined VALIC Financial Advisors, Inc., a Houston-based broker-dealer, $1.75 million. VALIC Financial Advisors consented to the entirety of FINRA’s findings when settling the matter, but neither admitted nor denied the charges. According to FINRA, VALIC failed to identify and address certain conflicts of interest present in the firm’s… read more