The Financial Industry Regulatory Authority (FINRA) has taken action against a former Morgan Stanley broker from Beverly Hills, California for misleadingly marketing a private placement on its platform. Nikolay Zotenko was a Morgan Stanley employee for five years before he was terminated in May 2021. He was also suspended and fined $10,000 because of the …
If you have been a victim of stockbroker fraud, you may want to contact a brokerage misconduct attorney for help. Although many such cases are reported each year, you might not be eligible to receive compensation for the losses you’ve sustained unless you’ve been involved in the fraud yourself. Attorneys can offer legitimacy and weight …
How to Protect Yourself Against Stock Broker Fraud Read More »
When a broker makes a recommendation that is not suitable for a client, that investor is at risk of taking on unnecessary risk and losing money. Suitability rules have been established by the Financial Industry Regulatory Authority, and other regulatory bodies to protect consumers. Brokers must consider a number of factors when making recommendations, including …
FINRA Rule 2111 – Avoiding Unsuitable Investments Read More »
Are you wondering if you can sue a financial advisor? Perhaps your advisor shifted firms, or you experienced investment fraud. Here are some helpful tips for filing a lawsuit against your financial advisor if this has happened to you. You can also use this information to file a lawsuit if your financial advisor is not …
Investing in a Ponzi Scheme? There are signs to watch for to avoid falling prey to this financial scam. These warning signs are also the key to getting out of a Ponzi scheme. If you are unsure whether you’re getting involved in a Ponzi Scheme, read this article to learn more. Here, you’ll learn what …
If you have been, or are, a customer of Tony Barouti, a registered broker with Emerson Equity, or purchased GWG L Bonds, you are invited to contact our experienced investment fraud lawyers. Haselkorn & Thibaut is investigating the sales practices adopted by Tony Barouti in connection with the L Bonds offering of GWG Holdings. Any …
Many investors are unable to make a complaint when they feel their financial advisor is not upholding their This happens because they do not know how to handle their However, it is possible to make a complaint and…
Crown Capital Securities was investigated by the Financial Industry Regulatory Authority (FINRA) for allegations of having made transaction-based payments to unregistered entities, which is barred under FINRA rules. As a result, they have been ordered to pay a fine of $75,000. The firm also invited a FINRA censure and has been asked to certify that …
A Financial Industry Regulatory Authority (FINRA) complaint has been filed against William Athas, formerly a broker with Worden Capital and K.C. Ward Financial, in January 2022. The complaint is for excessive trading in nine accounts of seven different customers between December 2014 and April 2020, while working with the two firms named above. What is excessive …
Investment Fraud Lawyers Investigating William Athas at Worden Capital Read More »
According to information provided by the Department of Justice, Paul McGonigle, formerly an advisor with LPL Financial, stands charged in a superseding indictment and could face a prison sentence of up to 37 years. He is accused of defrauding elderly clients and stealing from their retirement nest egg. He has been charged with two counts …
Paul McGonigle LPL Advisor Faces 37 Years in Jail and $1M in Fines for Elderly Fraud Read More »
