Former Spire Securities Client Wins $3 Million Award for Failure to Supervise Broker
Posted on Monday, September 16th, 2019 at 8:27 pm
In July 2019, a former client of Spire Securities, LLC won an award in a FINRA arbitration for compensatory damages for $3 million for investment losses due to failure to supervise its broker. The investors were clients of financial advisor David Blisk (CRD# 2155652). The causes of action included failure to supervise, negligent or intentional […]
Were You the Victim of the Argyle Coin, LLC Ponzi Scheme?
Posted on Monday, September 16th, 2019 at 8:24 pm
In May 2019, the Securities and Exchange Commission (SEC) announced it obtained a court order halting an ongoing $30 million Ponzi scheme that targeted more than 300 investors in the U.S. and Canada. The south Florida-based Argyle Coin, LLC, was a purported cryptocurrency business, and its principal Jose Angel Aman is alleged to use investor […]
Were You The Victim of the GT Media Scam with Broker Kerry Hoffman?
Posted on Monday, September 16th, 2019 at 8:21 pm
Erez Law is currently investigating broker Kerry Hoffman (CRD# 1061740) regarding his role in the GT Media scam. In July 2019, the Securities and Exchange Commission (SEC) charged Thomas Conwell (CRD# 2095817) and Hoffman for fraudulently selling securities to retail investors. According to the SEC complaint, Conwell and Hoffman raised more than $3.3 million from […]
SEC Charges Cambridge Capital Group Advisors with Defrauding NFL Players
Posted on Monday, September 16th, 2019 at 8:17 pm
In August 2019, the Securities and Exchange Commission (SEC) charged Tallahassee-based investment adviser firm Cambridge Capital Group Advisors, LLC (f/k/a Cambridge Capital Advisors, LLC); Cambridge’s president Phillip Timothy Howard, a Florida attorney who represented the retired players in the class action lawsuit; and Don Reinhard (CRD# 1605933), a former registered investment adviser previously barred by […]
Did Your Aegis Capital Corp. Broker Recommend Unsuitable GPB Capital Holdings Investments?
Posted on Monday, September 16th, 2019 at 8:13 pm
Erez Law is currently investigating Aegis Capital Corp. and its brokers across the country who recommended unsuitable GPB Capital Holdings investments. GPB Capital Holdings is a New York-based investment firm that offers exempt, private-placement securities that inherently have a high degree of risk due to their nature as unregistered securities offerings (and without regulatory oversight). […]
SEC Charges 1st Global Capital LLC and Former CFO with Fraud
Posted on Monday, September 16th, 2019 at 8:11 pm
In August 2019, the Securities and Exchange Commission (SEC) charged 1 Global Capital LLC’s former chief financial officer, Alan Heide, with defrauding retail investors. The SEC’s complaint Heide with violations of the antifraud provisions of the federal securities laws. According to the SEC, Heide agreed to settle the SEC’s charges as to liability, without admitting […]
Were You the Victim of River Source Wealth Management, LLC and Stephen Anderson?
Posted on Monday, September 16th, 2019 at 8:06 pm
In May 2019, the Securities and Exchange Commission (SEC) charged owner and operator of River Source Wealth Management, LLC Stephen Anderson (CRD# 4062846) with defrauding clients by overcharging advisory fees of at least $367,000. River Source Wealth Management, LLC is a now-defunct registered investment adviser in North Carolina that had a primary revenue stream for […]
Former Merrill Lynch, Pierce, Fenner & Smith, Inc. Broker Michael Lackwood Speculative Securities Losses
Posted on Monday, September 16th, 2019 at 8:00 pm
Erez Law is currently investigating former Merrill Lynch, Pierce, Fenner & Smith, Inc. broker Michael Lackwood (CRD# 4742917) regarding risky and speculative securities losses. Lackwood has been registered with APW Capital, Inc. in Rockaway, New Jersey since August 2019. Previously, Lackwood was registered with Oppenheimer & Co. Inc. in New York, New York from 2011 […]
GPB Capital Holdings Investment Losses with Concorde Investment Services, LLC Broker Robert Smith?
Posted on Monday, September 16th, 2019 at 7:57 pm
Erez Law is currently investigating Concorde Investment Services, LLC broker Robert Smith (CRD# 1412333) regarding GPB Capital Holdings investment losses. Smith has been registered with Concorde Investment Services, LLC in Lake Oswego, Oregon since 2011. According to public records, Smith is president of Peregrine Private Capital Corporation, which is a full-service securities group based in […]
Former UBS Financial Services Inc. Broker David Fagenson Accused of Discretionary Trading
Posted on Wednesday, September 11th, 2019 at 8:49 pm
Were you the victim of former UBS Financial Services Inc. broker David Fagenson (CRD# 1652012)? Fagenson has been registered with Newbridge Securities Corporation in Boca Raton, Florida since December 2016. Previously, he was registered with UBS Financial Services Inc. in Palm Beach, Florida from 2010 to 2016, when he was terminated regarding, “The Financial Advisor […]