A National Securities Arbitration & Investment Fraud Law Firm
According to FINRA Disciplinary actions for March 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 Charles Eric…
According to FINRA Disciplinary actions for March 2015, the following individuals were suspended from FINRA for failing to comply with a FINRA arbitration award or settlement agreement pursuant to FINRA rules: NAME FORMER EMPLOYERS Jay Howard Lustig Equibond, Inc. Drake Capital Securities, Inc. Amarjeet Singh …
The Sun Sentinel reports that Richard Ohrn, 44, a former South Florida stockbroker who disappeared while fishing in the Atlantic Ocean last month, has admitted that he staged his disappearance by abandoning the boat and driving to Albany, Georgia. According to the Sun Sentinel, Richard Ohrn was trying to escape…
Recently, a U.S. District Court judge ruled that three class action lawsuits against Seadrill Ltd. will be consolidated. Seadrill is an offshore drilling contractor based in Bermuda. The lawsuits arose after the company announced a suspension of its annual $4-per-share dividend in November, which caused an immediate and significant drop…
A federal court in Boston has unsealed a civil lawsuit filed earlier this month by the U.S. Securities and Exchange Commission (“SEC”) against a former professional football player and his business partner for allegedly defrauding at least 40 investors out of as much as $14 million, alleging the business partners…
As discussed in last week’s Silver Law Group blog, Cobalt International and Seadrill Limited, two oil and gas publicly traded companies, are now defendants in class action lawsuits. The separate, but similar, suits allege that investors lost significant sums of money by relying on misleading information and SEC filings from…
Oppenheimer and Co. is an investment bank and full-service investment firm offering financial advisory services, capital market services, wealth management, investment banking, and related products and services worldwide. In late January, the Securities and Exchange Commission (SEC) charged Oppenheimer and Co. with violating federal securities laws by improperly selling penny…
The Office of the Attorney General of the State of Florida has filed a series of complaints alleging that four South Florida companies — (1) ASAP Tech Help LLP, (2) E-Racer Tech LLC, (3) Protech Support LLC d/b/a Rapid Tech Support, and (4) Techfix USA LLC d/b/a Smart Support and…
The recent and sharp decline of oil prices has been the source of joy for consumers at the gas pump. Unfortunately, many investors have been experiencing the opposite emotions as the price of many oil and gas related stocks have plummeted. Two of these companies are Cobalt International Energy, Inc.…
Anthony Fisher was a financial advisor with Morgan Stanley from 2003 through April 2009. He subsequently worked at Stifel, Nicolaus and Company. Mr. Fisher was suspended by FINRA in November 2014 for failing to pay an arbitration award. However, over the last decade, Mr. Fisher’s employers have been the subject…