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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Public Justice

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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. Roberts is currently the subject of nine pending customer disputes. Eight of those disputes were filed between 5/3/2023 and 7/21/2023. Collectively, these damages total $23.5 million. They have similar allegations of “breach of fiduciary duty, negligence, fraud, breach of contract, and violation of the Florida Securities And Investor Protection Act.” One dispute includes “violation of the California Corporations Code.” The subject of these investments is called “structured notes.”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 ›

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Following appearances in 2021 and February, 2023, SEC whistleblower attorneys Scott Silver and David Chase were again invited back to the ‘Cut To The Chase’ legal podcast. The podcast is hosted by Miami attorney and entrepreneur Gregg Goldfarb, who discusses legal and public interest news with authorities in their field. After previously discussing the SEC whistleblower program and the collapse of FTX, on this most recent appearance Scott and David talked about the SEC’s lawsuit against Coinbase and Binance. Scott Silver warned of the continued risk involved in cryptocurrency, saying “People need to remember the crypto market is still rife with fraud all over the place, and that a vast majority of the industry is unfortunately misrepresenting what's going on and causing massive harm to investors.”Following appearances in 2021 and February, 2023, SEC whistleblower attorneys Scott Silver and David Chase were again invited back to the ‘Cut To The Chase’ legal podcast. The podcast is hosted by Miami attorney and entrepreneur Gregg Goldfarb, who discusses legal and public interest news with authorities in their field.

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In a recent interview with Investment News, Silver Law Group founder attorney Scott Silver stated, “The message by the perpetrator of the scam is, ‘I would never cheat my own people.’ Affinity fraud is as old as time and a big problem. Investors trust people in their own community, and this is not limited to any race, religion or creed.” Steven Woodard (CRD# 1019832) is a former registered stockbroker and investment advisor last employed by Girard Securities, Inc. (CRD# 18697) of San Diego, CA. His previous employers include Duerr Financial Corporation (CRD# 18558) of Chino Hills, CA, Spelman & Co., Inc. (CRD# 10232) of Phoenix, AZ, and Edward D. Jones & Co., L.P. (CRD# 250) of St. Louis, MO. He began in the industry in 1981 and his registration ended in 2005 after 24 years. Woodard has only one disclosure from 2006. The state of Hawai’i initiated a complaint with allegations that Woodard offered “investment advice and sale of equity indexed annuities through a letter which may mislead clients with regard to nature of investments and investment services.” Woodard consented to the sanction and paid a $500 civil penalty. Girard Securities also terminated his employment after his failure to follow compliance rules. He has not been registered with another broker-dealer since.In a recent interview with Investment News, Silver Law Group founder attorney Scott Silver stated, “The message by the perpetrator of the scam is, ‘I would never cheat my own people.’ Affinity fraud is as old as time and a big problem. Investors trust people in their own community, and this is not limited to any race, religion or creed.” Continue reading ›

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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. Philip Riposo was terminated from United Planners on 3/3/2022 after the firm discovered that he was accepting and depositing client checks made out to the name of his “Doing Business As” name (DBA), Riposo Asset Management. Additionally, Philip Riposo also created fictitious account statements and provided them to the clients from whom he received money for his DBA. The firm prohibits both activities. Upon investigation by United Planners, Riposo admitted to both, and was subsequently terminated. FINRA CASE # 2022074280901Philip 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 ›

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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.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 ›

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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

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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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According to FINRA Disciplinary actions for July 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
  Michael Cutrone   Neuberger Berman BD LLC
  Ronald Diaz   Morgan Stanley
  J.P. Morgan Securities LLC
  Mulan Greenway
  David Morris   Stifel, Nicolaus & Company, Incorporated
  UBS Financial Services Inc.
  Josette Santos   Wells Fargo Clearing Services, LLC

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