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A National Securities Arbitration & Investment Fraud Law Firm

$70 MILLION Recovery for Investment Fraud
$44 MILLION Recovery for Ponzi Scheme Victims
$25 MILLION Recovery Against National Brokerage Firm
$9.1 MILLION FINRA Arbitration Award Against Brokerage Firm
$7.9 MILLION Securities Arbitration Award Against Stockbroker
$1 MILLION Securities Arbitration Award for Elder Financial Fraud
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Florida Legal Elite 2011
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5th Annual Most Effective Lawyers 2009
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Bonitas Research recently published a new report on AgEagle Aerial Systems, Inc. (UAVS) revealing that the company is not all it claims to be, and actively worked to defraud US investors.  In its release, Bonitas stated:    “We believe that AgEagle Aerial Systems Inc.’s (“UAVS”, “AgEagle”, or the “Company”) was a pump & dump scheme orchestrated by Alpha Capital Anstalt (“Alpha Capital”), AgEagle founder and former chairman Bret Chilcott and other UAVS insiders to defraud US investors.”  Based in Witchita, KS, AgEagle is a company that manufactures drones (unmanned aerial systems) and offers drone solutions for a range of different industries, including agriculture. Their website includes a description of their drone delivery work that the company has worked on since 2019. Although Amazon is not specifically mentioned, the web page includes a picture of a non-branded packing box flying under a drone.Bonitas Research recently published a new report on AgEagle Aerial Systems, Inc. (UAVS) revealing that the company is not all it claims to be, and actively worked to defraud US investors.

In its release, Bonitas stated:

“We believe that AgEagle Aerial Systems Inc.’s (“UAVS”, “AgEagle”, or the “Company”) was a pump & dump scheme orchestrated by Alpha Capital Anstalt (“Alpha Capital”), AgEagle founder and former chairman Bret Chilcott and other UAVS insiders to defraud US investors.” Continue reading ›

Silver Law Group is representing investors who have suffered losses after investing in Specialty Lending Group, a Maryland-based company operated by Jeff Levin. Specialty Lending Group advertises that it is in the business of extending loans to real estate entrepreneurs, such as renovators and developers. Unfortunately, it appears that the company is experiencing financial and possible legal issues, as it has failed to make scheduled payments to investors. Florida Lawsuit Signals Issues With Specialty Lending Group A lawsuit filed in Florida in May 2020 alleged that many of Specialty Lending Group’s loans are either in default or underperformed. A clerk’s default was entered against Specialty Lending Group, Jeff Levin, and others after they did not timely respond to or defend against the allegations. Among other things, the Complaint alleged that: The Plaintiff, a Cayman financial institution called Global Fidelity Bank, Ltd., purchased various loans from Specialty Lending Group, which the company and other defendants agreed to service; Specialty Lending Group failed to make interest payments since October 2019; In breach of the contract at issue in the case, many the loans purchased by the Plaintiff are in default; and Specialty Lending Group improperly paid a salary to one or more of its members, shareholders, directors, managers, and/or officers, which was prohibited by the contract at issue in the case.Silver Law Group is representing investors who have suffered losses after investing in Specialty Lending Group, a Maryland-based company operated by Jeff Levin, that advertises that it is in the business of extending loans to real estate entrepreneurs, such as renovators and developers. Unfortunately, it appears that the company is experiencing financial and possible legal issues, as it has failed to make scheduled payments to investors. Continue reading ›

Silver Law Group is representing investors who suffered losses after investing with Glenn Arons (CRD# 2521233). Arons was registered with Park Avenue Securities (CRD# 2521233) from 1999 until 2018, and operated out of Bethesda, Maryland office First Financial Group, LLC during that time. Arons continues to operate his own company: Assets, LLC. Glenn Arons Was Discharged From Park Avenue In 2018 According to Arons’ BrokerCheck Report, published by the Financial Industry Regulatory Authority (FINRA), in November of 2018, Glenn Arons was discharged from Park Avenue securities. The allegations listed in the report state that Arons “[v]iolated Firm’s rules by (i) soliciting outside investments not approved by the firm and (ii) violating the terms of a previous internal disciplinary matter.”Silver Law Group is representing investors who suffered losses after investing with Glenn Arons (CRD# 2521233). Arons was registered with Park Avenue Securities (CRD# 2521233) from 1999 until 2018, and operated out of Bethesda, Maryland office First Financial Group, LLC during that time. Arons continues to operate his own company: Assets, LLC. Continue reading ›

Edward Dougherty (Edward Howard Dougherty/Ted Dougherty CRD# 2753847) is a registered broker and previously registered investment adviser currently registered with Woodbury Financial Services, In. in Bayfield, Wisconsin. Woodbury Financial has recently been the subject of arbitration claims alleging the unsuitable recommendation to purchase GPB Automotive and related investments.  Edward Dougherty Disclosures  Edward Dougherty has 4 disclosures on his publicly-available FINRA BrokerCheck report, including 2 financial, 1 employment separation after allegations, and 1 customer dispute:Edward Dougherty (Edward Howard Dougherty/Ted Dougherty CRD# 2753847) is a registered broker and previously registered investment adviser currently registered with Woodbury Financial Services, In. in Bayfield, Wisconsin. Woodbury Financial has recently been the subject of arbitration claims alleging the unsuitable recommendation to purchase GPB Automotive and related investments. Continue reading ›

The US Justice Department today announced the conviction and sentencing of two former employees of SunTrust Bank who pled guilty to financial exploitation of an elderly person. Former SunTrust bankers Rashad Liverpool, 28, and Robert Tillery, 45, were each sentenced on March 5 after conviction of financial exploitation of an elderly person, in violation of Title 22, D.C. Code, Section 933.01(a)(3). The victim, a 72-year old military widow and bank client, had diminished capacities. During the summer of 2018, both Liverpool and Tillery paid frequent visits to the victim after normal business hours. This was a clear violation of SunBank’s policies. Elder financial abuse is on the rise. Florida is home to many seniors and others on a fixed income. Stockbrokers, financial advisors and other professionals frequently have insight into their clients financials and earn their trust. However, a fiduciary should never borrow, take or steal money from their clients. Our attorneys represent investors whose funds are improperly taken by their advisors or are the victim of financial elder abuse.The US Justice Department today announced the conviction and sentencing of two former employees of SunTrust Bank who pled guilty to financial exploitation of an elderly person.

Former SunTrust bankers Rashad Liverpool, 28, and Robert Tillery, 45, were each sentenced on March 5 after conviction of financial exploitation of an elderly person, in violation of Title 22, D.C. Code, Section 933.01(a)(3). Continue reading ›

Jason Poff (Jason Howell Poff CRD:# 18272) is a registered broker and investment advisor currently employed with Allstate Financial Services, LLC of Houston, TX. Previous employers include LPL Financial LLC (CRD#:6413), Merrill Lynch, Pierce, Fenner & Smith Incorporated (CRD#:7691), and Chase Investment Services Corp. (CRD#:25574), all of Houston. He has been in the industry since 2000.  Although Poff is still currently employed with Allstate Financial Services, he is the subject of a currently pending FINRA investigation into his outside business activities (OBA) while employed with LPL Financial.  In a FINRA disciplinary complaint filed and signed on 12/23/2020, FINRA details Poff’s OBAs with a company he founded called Ursus Consulting LLC. Poff notified LPL and sought approval for involvement in an OBA that included vending machine consultation through Ursus in February of 2016.Jason Poff (Jason Howell Poff CRD:# 18272) is a registered broker and investment advisor currently employed with Allstate Financial Services, LLC of Houston, TX. Previous employers include LPL Financial LLC (CRD#:6413), Merrill Lynch, Pierce, Fenner & Smith Incorporated (CRD#:7691), and Chase Investment Services Corp. (CRD#:25574), all of Houston. He has been in the industry since 2000. Continue reading ›

Gary Hammond (Gary Wayne Hammond CRD# 2660432) is a previously registered broker and investment advisor who last worked for Hornor, Townsend & Kent, Inc. and MML Investors Services, LLC in Charlotte, North Carolina for brief periods in 2017, but spent the bulk of his career registered with MSI Financial Services, Inc., also located in Charlotte, North Carolina. Hammond worked in the industry since 1995.  Gary Hammond Discharged By Employer For Selling Away And Violation Of Company Policies  According to Hammond’s FINRA BrokerCheck Report, published by the Financial Industry Regulatory Authority (FINRA), in April 2017, MML Investors Services terminated Hammond “in connection with an internal review relating to company policy as to the handling of a customer complaint and selling away.”  “Selling away” is the industry term that refers to the practice of selling products not endorsed or sold by the firm.Gary Hammond (Gary Wayne Hammond CRD# 2660432) is a previously registered broker and investment advisor who last worked for Hornor, Townsend & Kent, Inc. and MML Investors Services, LLC in Charlotte, North Carolina for brief periods in 2017, but spent the bulk of his career registered with MSI Financial Services, Inc., also located in Charlotte, North Carolina. Hammond worked in the industry since 1995. Continue reading ›

According to FINRA Disciplinary actions for February 2021, 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
  Lawrence Fawcett, Jr.   Westpark Capital, Inc.
  Salomon Whitney Financial
  Lawrence Freedman   Newbridge Securities Corporation
  Wells Fargo Clearing Services, LLC
  Ganesh Iyer   Morgan Stanley
  LPL Financial LLC
  Carolyn Neale   AXA Advisors, LLC
  UVest Financial Services Group, Inc.
  Paul Stanford   Santander Securities LLC
  Ameriprise Financial Services, Inc.
  Nelson Torrens   LPL Financial LLC
  UBS Financial Services Inc
  Wesley Wallace   Worden Capital Management LLC
  JD Nicholas & Associates, Inc.
  Maurice Wilde   Newbridge Securities Corporation
  IFS Securities

Continue reading ›

According to FINRA Disciplinary actions for February 2021, 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
  Tracy Adams   Ameriprise Financial Services, LLC
  IDS Life Insurance Company
  Ronald Bartsch   Union Capital Company
  Liberty Partners Financial Services, LLC
  Lynn Cawthorne   Cambridge Investment Research, Inc.
  Investment Professionals, Inc.
  Jorge Guzman   Pruco Securities, LLC
  Nelson Polun   Wells Fargo Clearing Services, LLC
  Merrill Lynch, Pierce, Fenner & Smith Incorporated
  Richard Ramos   Wells Fargo Clearing Services LLC
  Curtis Smiley   Primex
  Sandlapper Securities, LLC
  David Stateman   Allstate Financial Services, LLC
  AXA Advisors, LLC
  Dwight Sulc   B.B. Graham & Company, Inc.
  PFS Investments Inc.
  Alon Zak   Pruco Securities, LLC
  MML Investors Services, LLC

Continue reading ›

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