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
American Association for Jusice
Florida Legal Elite 2011
Legal Leaders
5th Annual Most Effective Lawyers 2009
Multi-Million Dollar Advocates Forum
Super-Lawyers
SFLG
Top 100
Public Justice

|

According to FINRA Disciplinary actions for August 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
  Omer Ali-Taha   BB&T Investment Services, Inc.
  Citigroup Global Markets Inc.
  Katie Blando   J.P. Morgan Securities LLC
  Wells Fargo Advisors, LLC

Continue reading ›

|

According to FINRA Disciplinary actions for August 2021, 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
  Lorenzo Atkins   The Huntington Investment Company
  Fifth Third Securities, Inc.
  Samantha Beasley   Wells Fargo Clearing Services, LLC
  Cyntera Belser   J.P. Morgan Securities LLC
  Annie Bohossian   J.P. Morgan Securities LLC
  Tiffany Burgess
  Jinnie Chean   Allstate Financial Services, LLC
  Lawrence Ehren   Landolt Securities, Inc.
  Oberweis Securities, Inc.
  Michael Goonan   Equitable Advisors, LLC
  Park Avenue Securities LLC
  Courtney Mahdak   Charles Schwab & Co., Inc.
  John Margain   State Farm VP Management Corp.
  Janie Royal   Key Investment Services LLC
  Joseph Valenti   Newbridge Securities Corporation
  Reid & Rudiger LLC

Continue reading ›

|

According to FINRA Disciplinary actions for August 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
  Matthew Berman
  Thomas Bonik   NTB Financial Corporation
  Linsco/Private Ledger Corp.
  James Clements   Allstate Financial Services, LLC
  State Farm VP Management Corp.
  Daniel Della Rosa   Corinthian Partners, LLC
  Paulson Investment Company LLC
  Morgan Engbrecht   Horace Mann Investors, Inc.
  Micah Judy   W&S Brokerage Services, Inc.
  Lionel Scott   Arive Capital Markets
  Cape Securities, Inc.
  Ricardo Uliambre   UBS Financial Services Inc.
  Morgan Stanley Smith Barney LLC
  Paul Vizanko   Wells Fargo Clearing Services, LLC
  Merrill Lynch, Pierce, Fenner & Smith Incorporated

Continue reading ›

|

According to FINRA Disciplinary actions for July 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
  John Barrett   Emerson Equity LLC
  Lincoln Financial Advisors
  Michael Bramlett   County Capital Management Company
  Christopher Fisher   PFS Investments Inc.
  Charles Schwab & Co., Inc.
  Berhane Kassahun   AXA Advisors, LLC
  MSI Financial Services, Inc.
  Charles Lopez   Bank of America, N.A.
  Merrill Lynch, Pierce, Fenner & Smith Incorporated
  Kajie McMullen   J.P. Morgan Securities LLC
  Christy McWilliams   Jackson National Life Distributors LLC
  Kevin Nevin   Demsey Lord Smith, LLC
  Sandlapper Securities, LLC
  Antoine Rogers   J.P. Morgan Securities LLC
  Alfredo Vazquez   Cuso Financial Services, L.P.
  BBVA Securities Inc.
  David Villarreal III   U.S. Bancorp Investments, Inc.
  Morgan Stanley
  Jonathan Ward   State Farm VP Management Corp.

Continue reading ›

|

According to FINRA Disciplinary actions for July 2021, 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
  Trent Drake   Cambridge Investment Research, Inc.
  Pacer Financial, Inc.
  Adam Feierstein   ProEquities, Inc.
  Woodbury Financial Services, Inc.
  Eileen Kenny   LPL Financial LLC
  Private Advisor Group, LLC
  Norma Kuklis
  William Kursim   Fidelity Brokerage Services LLC
  National Financial Services LLC
  Joseph Switzer Sr.   Fidelity Brokerage Services LLC
  Tim Viohl   U.S. Bancorp Investments, Inc.
  LPL Financial LLC

Continue reading ›

|

According to FINRA Disciplinary actions for July 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
  David Allen   Avenir Financial Group
  GunnAllen Financial, Inc.
  Jameile Cawley   Horace Mann Investors, Inc.
  LPL Financial LLC
  Bradley Gardner   LPL Financial LLC
  Golden State Wealth Management, LLC
  Brian O’Neill   Fisher Investments
  ProFunds Distributors, Inc.

Continue reading ›

|

When a person or entity runs any type of fraud, they generally go to great lengths to disguise their activities from the financial institutions to avoid fraud detection. Many banks have the power to put a stop to any illegal activity that involves their institution to avoid regulatory trouble. Wells Fargo is facing a lawsuit for failing to stop illegal activity to prevent a fraud. Four investors filed suit on Friday, August 23, 2021, allege that a recently discovered Ponzi scheme used accounts at Wells Fargo Bank. Additionally, the bank did nothing and allowed the scheme to continue defrauding investors. The plaintiffs accuse Wells Fargo of “aiding and abetting” the scheme. The Securites And Exchange Commission (SEC) has also become involved, filing its own lawsuit against the company committing fraud.   MJ Capital Funds, MJ Taxes And More Headquartered in Pompano Beach, FL, MJ Capital Funding claimed to offer “merchant cash advances” to small businesses to help them with cash flow. Touting a “simplified 4 step process,” the company’s website says it helps small and medium sized businesses who needed funding.When a person or entity runs any type of fraud, they generally go to great lengths to disguise their activities from the financial institutions to avoid fraud detection. Many banks have the power to put a stop to any illegal activity that involves their institution to avoid regulatory trouble. Wells Fargo is facing a lawsuit for failing to stop illegal activity to prevent a fraud. Continue reading ›

|

Waterdrop Inc. (WDH) is the subject of a class action lawsuit, filed on behalf of shareholders, regarding alleged violations of the federal securities laws. If you have investment losses with Waterdrop Inc. (WDH), please contact Silver Law Group at (800) 975-4345 or at ssilver@silverlaw.com. The deadline to apply to be lead plaintiff (class representative) is November 15, 2021. Waterdrop is a Chinese company founded in 2016 that operates medical crowdfunding platforms and provides online insurance brokerage services. The company is backed by Chinese tech conglomerate Tencent, which is a minority owner. Waterdrop IPO Waterdrop held its initial public offering (IPO) in May, 2021 selling 30 million shares at $12 per share. Representatives for the underwriters were Goldman Sachs (Asia), Morgan Stanley, and BofA Securities. On June 17, 2021, Waterdrop reported financial results for the quarter closed before the IPO that stated that the company’s operating costs and expenses had increased to $205.1 million and that the company had an operating loss for the quarter of $70.3 million, which was four times higher than the same quarter the prior year.Waterdrop Inc. (WDH) is the subject of a class action lawsuit, filed on behalf of shareholders, regarding alleged violations of the federal securities laws.

If you have investment losses with Waterdrop Inc. (WDH), please contact Silver Law Group at (800) 975-4345 or at ssilver@silverlaw.com. The deadline to apply to be lead plaintiff (class representative) is November 15, 2021. Continue reading ›

|

Activision Blizzard, Inc. (ATVI) is the subject of a class action lawsuit regarding alleged violations of the federal securities laws. If you purchased shares of Activision Blizzard between August 4, 2016 and July 27, 2021 (class period), please contact Silver Law Group before October 4, 2021 at (800) 975-4345 or at ssilver@silverlaw.com. Activision Blizzard is a publicly-traded gaming and interactive entertainment company whose products include franchises such as Call of Duty, World of Warcraft, and Candy Crush. Activision Blizzard Allegedly Discriminated Against Women And Minorities Following an investigation by the California Department of Fair Employment and Housing, the agency filed a lawsuit against the company that alleged discrimination against female employees regarding compensation, conditions of employment, promotion, and other terms, and failed to prevent harassment, discrimination, and retaliation. Almost 1,000 current and former Activision Blizzard employees signed a letter calling the company’s response to the lawsuit “abhorrent and insulting”. Current and former employees publicly shared allegations of discrimination. Some gaming outlets stopped covering games released by the company. The class action lawsuit filed against Activision Blizzard alleges that the company was at greater risk of legal and regulatory scrutiny that could negatively impact the company, that the company failed to tell shareholders about the investigation by California Department of Fair Employment and Housing, and that as a result, the company’s statements about its business and prospects were materially false and misleading.Activision Blizzard, Inc. (ATVI) is the subject of a class action lawsuit regarding alleged violations of the federal securities laws.

If you purchased shares of Activision Blizzard between August 4, 2016 and July 27, 2021 (class period), please contact Silver Law Group before October 4, 2021 at (800) 975-4345 or at ssilver@silverlaw.com. Continue reading ›

|

In 2020 alone, Todd Petersen was the subject of eight investor arbitration claims which relate to the sale of diamonds. Many of these claims have been settled, and Petersen’s employer, SCF Securities, Inc., discharged him, alleging Petersen “misstated and/or omitted material facts and circumstances regarding an outside business activity.” Todd Petersen is a former broker and investment adviser who spent 2015-2019 at SCF Securities, Inc. in Roseville, California, and began working in the securities industry in 1984. Customer Disputes Allege Improper Sales Of Diamonds According to Petersen’s BrokerCheck Report, published by the Financial Industry Regulatory Authority, eight investors have filed FINRA arbitration claims involving allegations of “fraud and breach of duty related to the purchase of diamonds Petersen sold . . .” These investors requested damages ranging from $20,000 to $960,000, and several of these claims were settled for amounts ranging from $9,800 to $351,205. One investor’s claim is still pending. The allegations all arise out of the purchase and sale of diamonds and each investor alleges that the diamond sales were part of an “outside business activity.” Brokers are required to disclose the nature of their outside business activities to their employing brokerage firms so that the firms can ensure that they are upholding their legal and regulatory obligations to their clients, including protecting clients from outside frauds and other misconduct committed by the brokers, especially when outside business activities are investment-related. Failure to do so could result in liability for brokerage firms.In 2020 alone, Todd Petersen was the subject of eight investor arbitration claims which relate to the sale of diamonds. Many of these claims have been settled, and Petersen’s employer, SCF Securities, Inc., discharged him, alleging Petersen “misstated and/or omitted material facts and circumstances regarding an outside business activity.” Continue reading ›

Contact Information
Main Office
11780 W Sample Rd
Coral Springs, FL 33065
Phone: (954) 755-4799Fax: (954) 755-4684
New York Office
229 W 36th St 8th Floor
New York, NY 10018
Phone: (212) 377-5227
Florida Office
4755 Technology Way #205
Boca Raton, FL 33431
Phone: (561) 665-8613
ATTORNEY ADVERTISING

Visit our Florida Securities Whistleblower Website

We serve clients nationwide including, but not limited to, those in the following localities: Atlanta, Baltimore, Boston, Chicago, Dallas–Fort Worth, Denver, Detroit, Houston, Los Angeles, Miami, New York City, Philadelphia, Phoenix, San Bernardino-Riverside, San Diego, San Francisco, Seattle, St. Louis, Tampa–St. Petersburg, and Washington, D.C. View More

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Please do not include any confidential or sensitive information in a contact form, text message, or voicemail. The contact form sends information by non-encrypted email, which is not secure. Submitting a contact form, sending a text message, making a phone call, or leaving a voicemail does not create an attorney-client relationship.

Copyright © 2026, Silver Law Group
JUSTIA Law Firm Blog Design