Silver Law Group has filed a FINRA Arbitration Against MetLife Securities / MSI Financial Services and ELE Wealth Advisors Concerning Selling Away Claims

Silver Law Group has filed a FINRA arbitration claim against MetLife Securities / MSI Financial Services (“MetLife”), ELE Wealth Advisors and their former broker, Gail Milon (CRD# 1766745) after Milon sold an investment in Tallahassee, Florida-based Cambridge Capital Group LLC.

The statement of claim alleges the Claimant had invested with Milon for over a decade. In or around 2017, Milon induced her to invest in Cambridge Capital Group. The investment was supposed to be a short-term, real estate investment.

Milon became involved with Cambridge Capital Group, a company affiliated with Phillip “Tim” Howard of Howard & Associates. Cambridge Capital Group is affiliated with numerous other companies, including but not limited to Cambridge Capital Advisors; Cambridge Capital Wealth Advisors L.L.C.; Cambridge Capital Insurance Agency LLC; Cambridge Capital Funding, Inc.; Cambridge Sports and Entertainment, LLC; and Cambridge Graduate University, Inc. (collectively “Cambridge Capital”).

Milon made numerous excuses concerning the investment and when she would get her money back. Now, after over a year and half, our client has lost over $500,000 due to the brokerage firms’ failure to supervise and securities misconduct.

Upon information and belief, Milon solicited investors to invest in various investments through Cambridge Capital Group promising high returns. Those investments, upon information and belief, have not provided significant returns for many of the investors in these investments, similar to our client.

Cambridge Capital Group has filed two (2) private placements with the Securities and Exchange Commission (the “SEC”). In January 2016, Howard filed as president of Cambridge Capital Group Equity Option Opportunities LP and Cambridge Capital Partners LP.

Howard is listed as a principal of Howard & Associates and president of Cambridge Graduate University. In or around September 2017, Howard was the subject of a deceptive practices lawsuit concerning the National Football League (“NFL”) concussion settlement.  In the court filing, Howard was accused of making “serious misrepresentations about the [NFL] settlement program” and making similar statements to more than 200 players he represents.

If you’ve invested with MetLife Securities / MSI Financial Services and/or ELE Wealth Advisors, we may be able to help you recover your losses. Contact our firm today to learn how we can try to recover your losses. We work on a contingency fee, meaning if we don’t recover money you owe us nothing. Our lawyers have extensive experience in claims against banks, accountants and financial advisors who aid or assist in fraud.

Silver Law Group represents the interests of investors who have been the victims of investment fraud.  Scott Silver is the chairman of the Securities and Financial Fraud Group of the American Association of Justice and represents investors nationwide in securities investment fraud cases. Please contact Scott Silver of the Silver Law Group for a free consultation at ssilver@silverlaw.com or toll free at (800) 975-4345.