Securities Arbitration Lawyers Blog

Silver Law Group is investigating FINRA-barred broker John Vernon Heath (CRD# 2331052) for stealing client funds and recommending unsuitable investments. Heath was employed most recently at Independent Financial Group, LLC in Bloomington, Minnesota.  Independent Financial Group then discharged Heath after he admitted to wrongfully taking client funds, according to his…

Holt has lost his license and been permanently barred by the regulatory agency Mark D. Holt has lost his license and can no longer act as a broker or representative in the financial services industry. According to the Financial Industry Regulatory Authority (FINRA), Holt is the subject of 11 disclosures,…

This Morgan Stanley broker in Texas has been suspended by the Financial Industry Regulatory Authority According to the Financial Industry Regulatory Authority (FINRA), Texas broker Gregory Taylor engaged in unethical conduct with an elderly customer who was suffering from dementia and he has subsequently been suspended. Taylor’s career in the…

Allegations against King include making fraudulent misrepresentations to clients Glenn King, a former broker based in New Jersey, has been barred from acting as a broker by the Financial Industry Regulatory Authority (FINRA) for misconduct. A veteran in the securities industry with a career that dates back to 1992, King…

A majority of these representatives may have official complaints filed against them WestPark Capital Inc. is set to acquire some of 109 registered financial representatives from Newport Coast Securities, a small, independent broker-dealer based in Irvine, CA. It’s notable that 63% of Newport’s representatives have at least one “disclosure event”…

Silver Law Group has filed a FINRA arbitration complaint against RBC Capital Markets, LLC (CRD# 31194) for unsuitable recommendations to invest in oil and gas securities. Our client, an older individual, had been working with her RBC broker, Lisa J. Lowi (CRD# 1347790), for many years.  Our client alleges she…

FINRA recognizes that our seniors are especially vulnerable to financial fraud—is HELPS helping? In 2015, FINRA launched a new program called HELPS, a hotline for senior investors with questions about the legitimacy of their investments. The program is intended to help combat elder financial fraud, which is rampant across the…

Frauds can go undetected for years, so what can investors do to prevent, identify, and address this growing issue? In a financial environment where a uniform fiduciary standard for brokers doesn’t yet exist, it pays for clients to be constantly vigilant for signs of stockbroker and investment fraud. Even when…

Paul Vernon’s former clients say he stole millions from Cryptsy, which traded Bitcoin and other digital currencies, and then fled the country with $8M in investor funds. Now we’re representing them in a class action lawsuit. Paul Vernon, CEO of Project Investors Inc., which does business as Cryptsy, a Delray…

If you decide to use FINRA’s dispute resolution process to resolve a dispute with a broker or financial firm, you have two options, arbitration and mediation. When investors have a dispute with a brokerage firm registered with FINRA that cannot be settled through mutual agreement or outside settlement, the case…