Category: Common Investment Misconduct Claims

There’s No Such Thing as a “Guaranteed” Investment

At Meyer Wilson, our investment fraud attorneys have helped over a thousand victims of investment fraud fight for and secure the compensation they deserve.

The 10 Most Common Investment Scams

Scammers have spent millennia refining old schemes and creating new ones to separate a mark from their money. While people are constantly testing out new ideas in an attempt to strike gold, the main rotation of scams that you need to look out for remains more or less the same: Ponzi Schemes: Ponzi schemes work… read more

Three Scams to Keep an Eye Out For

It’s just about time to put on a costume and go out trick or treating, but full-sized candy bars aren’t the only targets out there this time of year. Fraudsters are out in full force looking for an easy mark to take advantage of, and it’s important to understand the dangers in order to protect… read more

Columbus Stockbroker Arrested for Stealing $500,000 from an Elderly Upper Arlington Resident, According to Police

Stifel, Nicolaus Broker Jon Schmidhammer Has History of Regulatory Problems By: David P. Meyer, Esq., Founding Partner of Meyer Wilson An elderly client living in Upper Arlington, Ohio, had $500,000 stolen from her by her own stockbroker, according to police. As reported by the Columbus Dispatch today, “Upper Arlington police arrested financial adviser Jon Schmidhammer… read more

Warning to Investors: Watch Out for High-Yield CD Offers

Some firms are endorsing high CD yields even though they can be extremely costly and risky. Why? While some of these promotional rates may be legitimate, others may just be marketing ploys purely for the purpose of obtaining higher commissions. FINRA believes that some firms and companies may be promoting CDs, but selling a product… read more

Meyer Wilson Investigating Allegations Surrounding NFP Securities Broker Robert Regan

Our securities fraud attorneys are investigating misconduct allegations surrounding Robert Regan of NFP Securities. According to proceedings brought by the Financial Industry Regulatory Authority (FINRA), Robert Regan (CRD# 2322096) was accused of participating in the solicitation and sale of an outside and unapproved investment to NFP Securities customers without providing accurate written notification to the… read more

Update on Former MACC Broker Walter Francis Grenda, Jr.

On February 3, 2016, FINRA filed an order accepting offer of settlement. Walter Francis Grenda, Jr. has been barred from associating with any FINRA member in any capacity. FINRA recently accepted an offer of settlement in the case of former broker Walter Francis Grenda, Jr. (CRD# 722911).In September 2015, we reported that we were investigating… read more

Lending Company and Brokerage Firm Charged with Fraud

On February 3, 2016,the Securities and Exchange Commission announced charges of fraud against a lending company out of Manhattan and its owner. Fraud charges were also levied against the brokerage firm acting as the placement agent, as well as two executives. American Growth Funding II LLC and Ralph Johnson are accused of repeatedly lying to… read more

Ponzi Scheme Suspected in West Virginia

Budget Finance Company abruptly closed recently, causing many of its clients to worry about the security of their investments. Last month,federal agents raided the West Virginia investment and lending company, taking computers and other records to analyze. The several hundred clients of Budget Finance are unsure whether they will get their money back. The Wetzel… read more

Matthew A. Bell, Craig L. Josephberg Accused of Involvement in Pump & Dump Scheme

According to the SEC, registered representatives Matthew Bell and Craig Josephberg were involved in an elaborate pump and dump scheme. The U.S. Securities and Exchange Commission (SEC) accuses Matthew Bell and Craig Josephberg, along with three other individuals, of participating in a sophisticated pump and dump scheme involving three companies between 2013 and 2014. The… read more