A National Securities Arbitration & Investment Fraud Law Firm
According to FINRA Disciplinary actions for August 2023, the following individuals were barred 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 |
| Joshua Lovings | |
| Harold Stephenson | LPL Financial LLC |
| Herrmann Securities, Inc. |
Silver Law Group represents Northstar Financial Services (Bermuda) investors on a contingency fee basis in claims to recover their investment losses. Brokers allegedly sold Northstar Bermuda to investors as a low risk alternative to CDs that protected their principal and guaranteed income. But the company is now in liquidation, leaving investors unable to access their funds. Continue reading ›
Investors with money in some of financier Greg Lindberg’s many companies, including Northstar Financial Services (Bermuda), have suffered significant harm as billions of investor dollars are frozen and liquidation and litigation drag on. Ultimatelly, investors are not expected to recover a significant amount of money.
Lindberg was criminally charged by the US Department of Justice and the State of North Carolina. His first trial ended with a conviction and sentence of seven years in prison, but the verdict was reversed after he spent 633 days in prison. He wrote a book on his prison stint, that included the words “633 Days” in the title, and discussed his “wrongful conviction.” One of the eight reviews on Amazon is from a reviewer who was defrauded by Lindberg and demands his money back.
In another piece of the puzzle that is GWG Holdings, the SEC is also investigating its subsidiary, the Dallas, Texas-based investment company Beneficient. Begun by founder Brad Heppner, the intent was to bring “mom-and-pop” investors the same types of opportunities normally afforded to larger investors.
Much like GWG, Beneficient also led to failures that cost investors billions, and included a possible Ponzi scheme that primarily benefited Heppner according to the Wall Street Journal. Continue reading ›
Clarice Saw (Clarice Crystal Saw CRD 2633118, aka “Chin Saw,” “Clarice Chin Saw”) was previously employed by Cetera Investment Advisers LLC (CRD# 105644 and 1540) of Flushing, NY, Citigroup Global Markets Inc. (CRD# 7059) of New York, NY, and LPL Financial LLC (CRD# 6413) of Ardsley, NY. She has been in the industry since 1996. Continue reading ›
Chuck Roberts (CRD# 2064602) is a registered broker and investment advisor currently employed with Stifel, Nicolaus & Company, Incorporated (CRD# 793) of New York, NY. He was previously employed by Morgan Stanley (CRD# 149777), Citigroup Global Markets Inc. (CRD# 7059) and Oppenheimer & Co. Inc. (CRD# 249), all of New York, NY. He has been in the industry since 1990. Continue reading ›
Philip Riposo (Philip Anthony Riposo CRD# 400056) is a former broker and investment advisor last registered with United Planners’ Financial Services Of America A Limited Partner (CRD#:20804) of Cave Creek, AZ. Previous employers include Cadaret, Grant & Co., Inc. (CRD#:10641) of New Bedford, MA, LPL Financial Corporation (CRD#:6413) of East Falmouth, MA, and Securities America, Inc. (CRD#:10205) of Lavista, NE. He has been in the industry since 1973. Continue reading ›
Supply chain financing is a vital factor keeping the flow of goods and services moving worldwide. Credit Suisse offered its investment clientele a variety of investments, including supply chain financing funds, or SCFF.
The basis of this investment is the early payment of invoices to suppliers for a fee. This innovative financing solution reduces the risk of supply chain disruption and enables suppliers and their buyers to optimize working capital. Suppliers are paid faster and have immediate access to their accounts receivable, and buyers gain additional time to pay their invoices. This technology-based solution offers short-term credit solutions that make the process easier, faster, and more efficient. Continue reading ›
According to FINRA Disciplinary actions for July 2023, 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. However, these individuals remain bound by the securities arbitration agreement to arbitrate any disputes between themselves and their former customers:
| NAME | FORMER EMPLOYERS |
| Michael Adinovich | Ameriprise Financial Services, Inc. |
| Steve Moise | Joseph Stone Capital LLC |
| Spartan Capital Securities, LLC | |
| Karla Moons | Concourse Financial Group Securities, Inc. |
| Amsouth Investment Services, Inc. | |
| Kyle Steibel | CUNA Brokerage Services, Inc. |
| Edward Jones | |
| Joseph Todaro | Network 1 Financial Securities Inc. |
| SW Financial | |
| Jin Zhu | Morgan Stanley |
| Key Investment Services LLC |
According to FINRA Disciplinary actions for July 2023, 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 |
| Michael Borning | Pruco Securities, LLC |
| Wells Fargo Clearing Services, LLC | |
| Conway Donaldson | Morgan Stanley Smith Barney |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | |
| Bridget Fernandez | UBS Financial Services Inc. |
| Wachovia Securities, Inc. | |
| Christopher Polinaire | Network 1 Financial Securities Inc. |
| Arive Capital Markets | |
| Tariq Sales | Spartan Capital Securities, LLC |
| Newbridge Securities Corporation | |
| Troy West | Innovation Partners, LLC |
| Southeast Investments, N.C. Inc. |
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