A National Securities Arbitration & Investment Fraud Law Firm
Silver Law Group continues to file GPB securities arbitration claims.
GPB Capital Holding’s Chief Compliance Officer and Managing Director, former Securities and Exchange Commission (SEC) examiner Michael S. Cohn, was indicted on October 23, 2019, on charges of obstruction of justice, unauthorized computer access, and unauthorized disclosure of confidential information. Continue reading ›
According to FINRA Disciplinary actions for August 2019, 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 |
| Sandra Acree | Fidelity Brokerage Services |
| Andrew Baker | Suntrust Investment Services |
| Wells Fargo Advisors | |
| William Cannon | Lifemark Securities Corp |
| Fortune Financial Services | |
| Patrick Devaney II | Financial West Group |
| Sanford Roberts, Inc | |
| James D’Meo | Kenneth Jerome & Co |
| Equity Services, Inc | |
| David Drees | American Financial Services |
| Clinton Dunbar | Union Capital Company |
| IFS Securities | |
| George Edwards | Edward Jones |
| Cetera Investment Services | |
| Charles Frank | NYLife Securities |
| MWA Financial Services | |
| Jack Lowrey Jr. | Ameriprise Financial Services |
| NBC Securities | |
| Jeffrey Lundstrom | Signator Investors, Inc |
| Transamerica Financial Advisors | |
| Uriah Mitchell | JP Morgan Securities |
| Raymond Montchal | Morgan Stanley |
| Citigroup Global Markets | |
| Robert Neuedorf | David Lerner Associates |
| Merrill Lynch, Pierce, Fenner & Smith |
According to FINRA Disciplinary actions for August 2019, 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 |
| Patrick Auckland | TIAA-VREF Individual & Institutional Services |
| Morgan Stanley | |
| Matthew DiNinno | Morgan Stanley |
| Merrill Lynch, Pierce, Fenner & Smith | |
| Nicholas Diesso | Ameriprise Financial Services |
| Ameriprise Advisor Services | |
| Roger Faubel | Chelsea Financial Services |
| National Securities Corp | |
| Keir Harner | Securities America |
| Waddell & Reed | |
| Heath Harris | Citigroup Global Markets Inc |
| Wells Fargo Clearing Services | |
| Ross Jordan | BBVA Securities |
| Morgan Stanley | |
| Charles LaMarca | Benjamin & Jerold Brokerage |
| Meridian Equity Partners | |
| Ernest Romer III | Corecap Investments, Inc |
| L.M. Kohn & Company | |
| Christopher Sanford | Natwest Markets Securities |
| Amherst Pierpont | |
| Matthew Siliato | Wynston Hill Capital |
| Spartan Capital Securities |
According to FINRA Disciplinary actions for August 2019, 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 |
| Carolyn Andrews | UBS Financial Services |
| Morgan Keegan & Company | |
| Meiewyn Avent | Alliance-One Investments |
| Metlife Investors Distribution Co | |
| Robert Corley | Fidelity Brokerage Services |
| Redstone Securities | |
| Jennifer Margaret | |
| Francisco Garcia | Park Avenue Securities |
| EQ Financial Consultants | |
| Sparkle Griffen | UBS Financial Services |
| Merrill Lynch, Pierce, Fenner & Smith | |
| Robert High II | First National Equity Corp |
| Chase Investment Services | |
| Richard LaBare | Union Capital Company |
| Morgan Stanley & Co Inc | |
| Arnold Mariampolski | AXA Advisors |
| Robert Powers | Emerging Growth Equities |
| Roth Capital Partners | |
| Brandon Yasso | JP Morgan Securities |
Two investors in GPB Capital Holdings have filed a class action lawsuit against the troubled company.
The complaint, filed in Manhattan federal court, alleges that GPB breached its fiduciary by failing to give investors its annual audited financial statements.
This lawsuit is just the latest problem for GPB, which was recently sued by one of its partners, who accused the company of operating like a Ponzi scheme. The company is also the subject of investigations by the FBI, SEC, FINRA, and New York’s Business Integrity Commission. Continue reading ›
Silver Law Group’s managing partner Scott Silver was interviewed for and gave a quote to The New York Times for an article on Ponzi schemes.
Scott Silver is a leading investment fraud attorney recognized as being one of the best lawyers for victims of stockbroker misconduct. Scott is a frequent speaker and author on securities arbitration and is the chair of the securities and financial fraud group of the American Association for Justice.
The article examines the new tactics used by perpetrators of Ponzi schemes in the years since Bernie Madoff was caught running the largest Ponzi scheme ever in 2008. Continue reading ›
Registered Investment Advisor McDermott Investment Advisors (MIA) and its founder Dean Patrick McDermott are the subject of a lawsuit filed by the Securities and Exchange Commission (SEC) for allegedly “double dipping” on fees by investing clients in securities that paid fees to an affiliated broker-dealer, rather than a cheaper alternative.
Clients Charged Unnecessary Transaction Fees
The lawsuit alleges that McDermott and MIA put over $5.7 million of its client’s assets into unit investment trusts (UITs) that charged a transaction fee, most of which was paid to a broker-dealer that was owned by McDermott, rather than a UIT with no transaction fee. Continue reading ›
Silver Law Group is investigating Zynerba Pharmaceuticals (ZYNE), a publicly-traded company that is developing cannabinoid therapies for neuropsychiatric disorders, on behalf of investors in the company’s stock.
The investigation regards possible violations of federal securities laws by Zynerba officers and directors. Continue reading ›
The Commodities Futures Trading Commission (CFTC) Whistleblower Office has issued an alert to the public regarding how people can make themselves eligible for financial awards and protections while helping to stop violators of the Bank Secrecy Act (BSA).
The CFTC Whistleblower Program will pay 10%-30% of monetary rewards to eligible persons who provide original information about violations, if that information leads to a successful action that results in over $1 million in monetary sanctions. The CFTC Whistleblower program has been successful and millions have been awarded. Continue reading ›
Silver Law Group continues to file FINRA arbitration claims on behalf of clients against Voya Financial Advisors regarding its former employee James Flynn (CRD# 3082615) of Greenville, South Carolina.
The claims requests compensatory damages for our clients and allege that Voya failed to supervise Flynn’s conduct while he was working for them. Continue reading ›
Securities Arbitration Lawyers Blog