Securities Arbitration Lawyers Blog

Allegations include willful violation of the Securities Exchange Act of 1934, among others Marat Zeltser has a long history in the financial services industry, including working as a broker for various firms in New York, New York since 2003. While employed by Caldwell International Securities Corporation, allegations against Zeltser included…

Numerous customer complaints surface over the course of his work history with various firms On August 4, 2015, Honetta C. Kao was suspended by the FINRA for failure to respond to their request for information. And in November, he was permanently barred from acting as a broker or otherwise associating…

Excessive trading leads to $57K in commissions and $37K in losses for investors, among other allegations In August of 2015, FINRA permanently banned New York financial advisor Rasheed “Richard” Adams from associating or engaging with any firm associated with FINRA after allegations of excessive trading were filed. Adams also failed…

After 17 years in the securities industry, Irizarry has been permanently barred Jose Irizarry began working in the financial services industry in the early 1990’s. During his long career, he worked for various firms, including Merrill Lynch, Pierce, Fenner & Smith in New York, PaineWebber in New Jersey and most…

Silver Law Group is investigating customer complaints against Wells Fargo advisor Robert M. Giusti (“Giusti”) located in New York, NY. There are four customer complaints against Giusti and one civil action alleging a number of securities law violations, including unsuitable investments, misrepresentations, negligence, unauthorized use of margin funds, and excessive…

The Securities and Exchange Commission charged Samuel DelPresto and his company with illicitly pocketing $13 million from an elaborate pump-and-dump scheme with the assistance of Donald Toomer, Jr. The SEC alleges that DelPresto and others teamed up to secretly obtain control of substantially all available stock in four microcap companies…

The SEC alleges that Christopher Brogdon fraudulently raised $190 million from investors in 54 conduit municipal bond and private placement offerings, through entities associated with Brogdon. These entities potentially include the following offerings: Bleckley-Cochran Development Authority First Mortgage Healthcare Facility Revenue Bonds 2013ABC/Bleckley-Bryant Crisp-Dooly JT Development Authority First Mortgage Healthcare…

On January 5, 2016, the Financial Industry Regulatory Authority (FINRA) released its 2016 Regulatory Examination Priorities letter highlighting three broad issues affecting investors and their rights: culture, conflicts of interest and ethics; supervision, risk management and controls; and liquidity. The letter also emphasizes sales practice, financial and operational controls, market…

According to FINRA Disciplinary actions for December 2015, the following individuals were suspended from FINRA and cannot currently work for a FINRA brokerage firm for failing to provide FINRA with information it requested or to keep information current with FINRA pursuant to FINRA rules: NAME FORMER EMPLOYERS   Adam Douglas…

According to FINRA Disciplinary actions for December 2015, the following individuals were revoked from FINRA for failing to pay fines and/or costs pursuant to FINRA rules: NAME FORMER EMPLOYERS   Richard Dwayne Blair   Wealth Solutions, Inc.   IMS Securities, Inc.   Eul Hyung Choi   SH Investment & Securities…