Ronald Birnbaum (Ronald David Birnbaum CRD# 238250) is a broker and investment advisor currently registered with Advisory Group Equity Services Ltd. and Trust Advisory Group Ltd. In Newton, Massachusetts. Ronald Birnbaum sold his clients private placements in GPB Capital, which Massachusetts securities regulators accuse of violating securities laws by misleading investors. Continue reading ›
New York City REIT Inc. (NYC) has lost significant value since its public listing in August, 2020. Managed by AR Global, a partnership led by investor Nicholas Schorsch, many investors in the REIT have seen their investment decline by as much as 80%.
Started in 2013, New York City REIT, which invests in commercial real estate in New York, was one of many nontraded real estate investment trusts (REITS) managed by AR Global and Schorsch. Continue reading ›
It’s happened again—a startup company that touted revolutionary changes to an industry is being accused of fraud.
After Elizabeth Holmes and her blood-testing company, Theranos, had a reputation later discovered as built on falsehoods, a Canadian recycling company is being accused of misrepresentations. Similar to Theranos, Montreal-based plastic recycler Loop Industries claims to have “revolutionary technology.” Now, Loop has been outed by a report from Hindenburg Research that reports more than what’s been told. Continue reading ›
In June 2020, the U.S. Court of Appeals for the Eleventh Circuit issued an opinion in the case Isaiah v. JPMorgan Chase Bank, N.A. This landmark decision narrowly defines which claims can be brought by a court-appointed receiver for entities that perpetrated a Ponzi scheme, leaving a broad category of claims to the investor-victims to be litigated either individually or on a class action basis. Continue reading ›
Gary Ginsberg (Gary David Ginsberg, CRD# 1175258) is a currently registered broker working for Ameriprise Financial Services (CRD# 6363) in New Jersey. Before working at Ameriprise, Ginsberg worked for Royal Alliance Associates (CRD# 23131) from 1992 to 2020. Gary Ginsberg has sold his customers private placement investments in GPB Capital, which has been accused of being a Ponzi Scheme. Continue reading ›
PIABA is the Public Investors Advocate Bar Association, a bar association of some of the best securities litigation lawyers in the country who represent investors in claims for investment fraud, stockbroker misconduct, and Ponzi schemes.
Scott Silver, Silver Law Group’s managing partner, is a proud member of PIABA since 2002. Scott routinely presents on various issues of stockbroker misconduct at the annual meeting and delivered a presentation on variable annuity fraud at the 28th PIABA annual meeting in Austin, Texas. Silver Law Group also published a securities arbitration primer in Trial magazine. Continue reading ›
Silver Law Group is investigating Golar LNG Limited (GLNG) (“Golar” or the “Company”) for potential violations of the federal securities laws. On September 24, 2020, media outlets reported that Eduardo Navarro Antonello, Chief Executive Officer of Golar’s joint-venture subsidiary Hygo Energy Transition Ltd., had been implicated in a bribery network investigated in connection with the ongoing Brazilian criminal investigation Operation Car Wash. On this news, Golar’s stock price fell $3.28 per share, or approximately 32%, to close at $6.86 per share on September 24, 2020. Continue reading ›
“FINRA Office of Dispute Resolution” (a/k/a ODR or DR) has changed its name to “FINRA Dispute Resolution Services”. A newsletter from FINRA says the name change “highlights our focus on customer service and helps distinguish FINRA Dispute Resolution Services from FINRA Enforcement for our external stakeholders, lawmakers and the media. The name change also highlights our unique functions and speaks to our role as a neutral administrator of FINRA’s arbitration and mediation forum.” Continue reading ›
Silver Law Group is investigating Aquestive Therapeutics, Inc. (AQST) regarding potential violations of federal securities laws.
If you have losses from investing in Aquestive Therapeutics, Inc. (AQST) stock, contact Silver Law Group for consultation at no cost at (800) 975-4345 or by email at email@example.com. Continue reading ›
Timothy Touloukian (CRD: #2803832) is a previously registered broker who was last registered with Paulson Investment Company LLC (CRD#:5670) of New York, NY. His previous employers include John Carris Investments LLC (CRD#:145767, expelled by FINRA in 2014) of Hoboken, NJ, Forefront Capital Markets LLC (CRD#:151812) and Advanced Equities, Inc. (CRD#:35545, expelled by FINRA in 2014), both of New York, NY. Another previous employer, Ehrenkrantz King Nussbaum, Inc. (CRD#:113525), of Melville, NY, was also expelled by FINRA in 2012. He has been in the industry since 1997. Continue reading ›