Articles Posted in Blog

The organization may have violated the anti-fraud provisions of federal securities laws after raising $1 billion from investors Since November of 2016, the Securities and Exchange Commission (SEC) has been looking into the Woodbridge Group of Companies, based in Sherman Oaks, California. The real estate investment company – which owns…

The two brokers are reported to have engaged in short-term trading that resulted in significant losses for their clients Two brokers who worked for Windsor Street Capital, LP (also doing business as Meyers Associates, L.P.) are facing serious allegations. According to the Financial Industry Regulatory Authority (FINRA), Nas Adel Allan…

Allegations of unauthorized trading surround Lyon’s discharge from member firm After 34 years in the securities industry, former Raymond James & Associates broker James Edward Lyons is no longer registered with the Financial Industry Regulatory Authority (FINRA). According to his FINRA BrokerCheck report, Raymond James & Associates discharged Lyons in…

The Edward Jones broker is permanently barred following allegations of accepting gifts from clients, along with using client credit cards In August 2017, the Financial Industry Regulatory Authority (FINRA) indefinitely barred James Vincent Marino from acting as a broker or otherwise associating with firms that sell securities to the public.…

On October 18, a new law went into effect that could be extremely beneficial to older investors. The Elder Abuse Prevention and Prosecution Act is a “multi-pronged approach to prevent elder abuse, protect victims, and prosecute perpetrators of elder abuse crimes.” Immediately put in place are investigation and prosecution requirements…

The broker is accused of violating FINRA rules by borrowing money from a client In May of this year, the Financial Industry Regulatory Authority (FINRA) contacted broker Christopher Anthony Fernan to get information involving a customer dispute. Because he failed to respond to the agency, he received a three-month suspension,…

Background Information In terms of gross revenues and number of financial advisors, LPL Financial is ranked as the biggest independent broker dealer in the financial services industry. The company has financial advisors all over the U.S., mostly in small branch offices. And because there are so many small branch offices,…

The former New York broker has been accused of over-concentration Thomas Borruso can no longer act as a broker in the securities industry. In June of this year, he received a suspension from the Financial Industry Regulatory Authority (FINRA) stemming from a customer dispute. And when Borruso failed to provide…

Allegations against the former broker include unauthorized trading, unsuitability, and fraud, among others With 38 years of experience in the securities industry, Boca Raton-based Stoever, Glass & Company, Inc. broker Larry Charles Wolfe has a total of 14 disclosures listed on his Financial Industry Regulatory Authority (FINRA) BrokerCheck report. Most…

Schaedler is alleged to have exercised undue influence with elderly client owning $2.3 million-dollar estate. After 16 years in the securities industry, Wells Fargo Clearing Services broker James R. Schaedler is now indefinitely barred by the Financial Industry Regulatory Authority (FINRA). According to his FINRA BrokerCheck report, Schaedler was discharged…