Securities Arbitration Lawyers Blog

Two former pro athletes, one from the NBA and the other the NFL, won an $819,000 FINRA arbitration award against Morgan Stanley Smith Barney (“Morgan Stanley”) after Morgan Stanley allegedly failed to supervise a former broker. Keyon Dooling, a first-round pick, played in the NBA for 12 seasons. John St.…

Real estate finance company United Development Funding (“UDF”) publicly speaks nearly three months after an FBI raided its headquarters in February 2016. In a news release, UDF said a board-authorized probe into its inner workings by an outside law firm UDF hired found no evidence of fraud or misconduct on…

Silver Law Group is investigating West Palm Beach, Florida-based RBC Capital Markets (“RBC”) broker Samuel K. Koltun (CRD# 1739664) for customer complaints alleging he unsuitably recommended and overconcentrated their portfolio in Puerto Rico bonds and failed to disclose the risks associated with such an investment. Koltun has six misconduct disclosures…

Silver Law Group is investigating Woodbury Financial Services (“Woodbury”) broker Daniel J. Dunn (CRD# 3105100) for customer complaints filed with the Financial Industry Regulatory Authority (“FINRA”) against the broker. According to Dunn’s FINRA BrokerCheck report, there are five customer complaints against him, four of which have settled for a total…

Silver Law Group is investigating Texas-based broker M F “Mickey” Long II (“Long”) (CRD# 1778299) of VSR Financial.  According to the Financial Industry Regulatory Authority’s (“FINRA”) BrokerCheck records, Long has been subject to nine customer complaints. One of the nine customer complaints is currently pending and alleges unsuitable investment recommendations,…

Silver Law Group is investigating VSR Financial Services (“VSR”) broker Dennis Van Patter (“Patter”) (CRD# 1364583) for allegations that he unsuitably recommended oil and gas investments to his customers. According to Patter’s Financial Industry Regulatory Authority (“FINRA”) BrokerCheck report, Patter has nine misconduct disclosures on his record. Five of the…

Silver Law Group is investigating former South Florida-based RBC Capital Markets (“RBC”) broker Lisa J. Lowi (CRD# 1347790) for amassing 23 customer complaints since early 2015, many of which deal with energy-related investments. According to Lowi’s Financial Industry Regulatory Authority (“FINRA”) BrokerCheck report, 23 customer complaints have been reported against…

The Securities and Exchange Commission (the “SEC”) filed charges against 10 individuals, five of which were registered brokers, involved in schemes to trick investors into buying shares of ForceField Energy Inc. According to the complaint, the schemes involved ForceField’s then-chairman, Richard St. Julien, steering these registered brokers to sell the…

Fraud, misappropriation of funds, and criminal charges—this New York broker is in serious trouble. The subject of numerous customer disputes, Frederick Monroe has been barred from associating with acting as a broker or otherwise associating with firms that sell securities to the public. Frederick Monroe began his career in the…

This is the fourth complaint filed against the Raymond James broker Martin “Skip” Waldman of Boca Raton, Florida. Boca Raton broker Martin Waldman now faces yet another client complaint. In his 13 years in the securities industry, Waldman has several reported disclosure events on his professional track record. Waldman has…