Gabriel Block (CRD#: 2103543, aka Gabe Block) is a former registered broker and investment advisor whose last employer was First Standard Financial Company LLC (CRD#:168340) of Red Bank, NJ. His previous employers include National Securities Corporation (CRD#:7569) and Oppenheimer & Co. Inc. (CRD#:249), both of Red Bank, as well as others in Purchase, NY, St. Louis, MO, Charlotte, NC, Boca Raton, FL, and New York, NY. Continue reading
The SEC (Securities and Exchange Commission) has filed a lawsuit against barred advisor Marcus Boggs, who formerly worked for Merrill Lynch, Pierce, Fenner & Smith, for allegedly stealing over $1.7 million from his clients.
According to the SEC’s civil complaint, Boggs is accused of transferring money from three of his client’s accounts to his personal credit card account more than 200 times to pay for huge credit card purchases. Continue reading
Curaleaf Holdings, Inc. (CURLF), a publicly-traded Massachusetts-based cannabis operator, is the subject of a class action lawsuit for alleged violations of federal securities laws.
Investors who purchased Curaleaf shares between November 21, 2018 and July 22, 2019 (the class period) are eligible to participate in the lawsuit. The deadline to apply to be lead plaintiff, or class representative, is October 4, 2019. Continue reading
Silver Law Group is investigating Sonim Technologies, Inc. (SONM), a publicly-traded mobile phone company, for possible violations of federal securities laws.
Sonim Technologies Issues Revised Financial Guidance
On September 10, 2019, Sonim announced updated guidance for fiscal 2019 which stated that its net revenue would be lower than 2018 net revenues of $135.7 million. The company noted new product launch delays and software issues with the new products as reasons for the revised financial guidance. Sonim also announced that its CFO was leaving the company. Continue reading
Silver Law Group has filed a FINRA arbitration claim to help a client recover more than $200,000 that was lent to his broker and never repaid.
Our client is a senior citizen living in Florida who was seeking to secure his nest egg for the future by investing for long-term growth with moderate risk. A close personal friend referred our client to his broker, who at the time was a financial advisor at a leading investment firm. Continue reading
GPB Capital investors are suffering catastrophic losses on their investments. GPB has reduced the valuations of their portfolio and investor complaints against selling brokers continue to pile up.
GPB Capital includes the following funds:
- GPB Cold Storage
- GPB Automotive Fund
- GPB Automotive Income
- GPB Holdings II and III
- GPB Waste Management
- GPB NY Development
Beyond Meat (BYND) is one of the most expensive stocks to short as the borrowing fees are more than 100%. The cost of shorting the producer of plant-based meat substitutes can be almost double the cost of shorting other stocks.
The stock price for Beyond Meat has risen by more than 300% since its IPO in May, 2019, though the company has yet to make a profit. Many investors are bearish on the company. Continue reading
Maxar Technologies Ltd (MAXR), a publicly-traded space technology company, is the subject of a class action lawsuit filed on behalf of investors who lost money investing in the company. If you lost money in Maxar Technologies or DigitalGlobe, we would like to talk to you.
MDA DigitalGlobe Merger
Maxar Technologies was created in October, 2017 with the merging of DigitalGlobe and MDA Holdings. Continue reading
On August 29, 2019, the SEC (Securities and Exchange Commission) announced an award of over $1.8 million for a whistleblower “whose information and assistance were critically important to the success of an enforcement action involving misconduct committed overseas.”
According to a press release from the SEC, the whistleblower alerted the agency to the violations and helped greatly during the investigation. The whistleblower, who was not identified, gave sworn testimony, reviewed documents, and gave ongoing new information that helped move the investigation forward. Continue reading
While some investors may find short selling stocks to be appropriate to their investment needs, there are considerable risks involved, and some broker-dealers have been accused of overcharging clients for borrowing stock to short.
What Is Short Selling?
To short sell a stock (also known as going short) is to make an investment that becomes profitable when the stock declines in value. It’s the opposite of “going long”, which is buying a stock, and making profit when it goes up in price. Continue reading