Securities Arbitration Lawyers Blog

The Securities and Exchange Commission announced fraud charges and asset freezes obtained in a case filed on March 21, 2016 against a New Jersey-based fund manager and two firms he controls for orchestrating a Ponzi-like scheme that marketed shares in promising pre-IPO technology companies in the Bay Area. The SEC…

California broker, Angelo Talebi, finds himself in hot water with his firm and FINRA, as well as his clients. Does your broker have your username and password for your online trading account? If so, does his current employer know that he does? If not, it could spell trouble for everyone…

Have you invested funds with Eugene Smietana? For investors who may have utilized the services of LPL Financial LLC broker Eugene Smietana out of Traverse City, Michigan, may have potential claims against LLP. As of September 2015, FINRA has permanently barred Smietana from acting as a broker or otherwise associating…

Churning, unsuitable investments misconduct and elder fraud among allegations that ended Macke’s career In October 2015, the Financial Industry Regulatory Authority (FINRA) permanently banned Russell Macke from acting as a broker and from associating with any securities firms. This decision comes after numerous customer complaints, regulatory actions, employment terminations, as well…

Broker accused of taking $1.8M in trust assets while serving as a trustee. Samuel Wylie Sloane’s 15-year career in the securities industry ended abruptly in December 2015 when FINRA permanently barred him from acting as a broker or otherwise associating with firms that sell securities to the public. According to…

Financial broker finally barred from FINRA activity after decades of questionable behavior. After a career plagued by multiple and repeated allegations of breaches of fiduciary duty and unauthorized trading dating back to 1994, David Levy has been permanently barred by FINRA for acting as a broker in any capacity. These final…

Customer disputes, judgments and tax liens checker this New York broker’s record. William “Billy” Nelson entered the securities industry over 18 years ago and to date has 16 disclosure events reported on his FINRA BrokerCheck record. Allegations against Nelson, currently with Meyers Associates, L.P., include a wide range of transgressions…

After serving 10 years in prison for prior securities law violations, investment fraud orchestrator Edward Durante is back in the news for allegations of a penny stock pump-and-dump scheme. Durante was criminally charged in December 2015 by the U.S. Attorney’s Office for the Southern District of New York and civilly…

According to the Financial Industry Regulatory Authority (FINRA) BrokerCheck website, a customer filed a complaint against Teutonico (CRD# 2875434) on November 23, 2015 for excessive trading. This is the eleventh disclosure on his checkered broker report and the fifth in the last year.  Teutonico has been employed by Network 1…

The U.S. Securities and Exchange Commission (SEC) has charged Oregon-based Aequitas Management, LLC (“Aequitas”), and several of its executives with operating a $350 million investment scheme that defrauded investors in a last-ditch effort to raise funds to save Aequitas from a complete financial collapse. Aequitas, along with CEO Robert J.…