Author: Jeff Erez
In September 2019, a former client of Network 1 Financial Securities Inc. won an award in a FINRA arbitration for compensatory damages for $169,354 plus 7% interest per annum, $79,440 in attorney’s fees, $25,000 in expert witness fees, $2,650 in … Continue reading
In November 2019, a former client of LPL Financial LLC won an award in a FINRA arbitration for compensatory damages for $864,839.70, $340,000 in attorneys’ fees, and $350,000 in damages for losses sustained from non-traded REITs losses. The investors were … Continue reading
Erez Law is currently investigating Paulson Investment Company LLC financial advisor Michael Nixon (CRD# 2169631) regarding investment losses. Nixon has been registered with Paulson Investment Company LLC in Tampa, Florida since 2015. In September 2019, Nixon was sanctioned to a … Continue reading
Erez Law is currently investigating former Sigma Financial Corporation broker Frederick Randhahn (CRD# 1338801) regarding Woodbridge Group of Companies, LLC investment losses. Randhahn was registered with Sigma Financial Corporation in Ogden, Utah from 2012 to August 2018, when he was … Continue reading
Erez Law is currently investigating former Coastal Equities, Inc. broker Luke Johnson (CRD# 3257008), who is accused of recommending unsuitable GPB Capital Holdings investments. Johnson was registered with Coastal Equities, Inc. in Scottsdale, Arizona from 2012 to 2019, when he … Continue reading
In August 2019, a former client of UBS Financial Services Incorporated of Puerto Rico and UBS Financial Services, Inc. won an award in a FINRA arbitration for compensatory damages for $4.25 million, plus 6.25% per annum, $170,000 in costs, and … Continue reading
In October 2019, a former client of Merrill Lynch Pierce Fenner & Smith Inc. won an award in a FINRA arbitration for compensatory damages for $330,000 for investment losses sustained. FINRA found that the former Merrill Lynch Pierce Fenner & … Continue reading
Erez Law is currently investigating Sagepoint Financial, Inc. broker Christopher Rice (CRD# 3222439) regarding unsuitable investment recommendations and overconcentration in customer accounts. Rice has been registered with Sagepoint Financial, Inc. in Greensboro, North Carolina since 2005. Prior to then, Rice … Continue reading
Were you the victim of former Wells Fargo broker Ramon Herrera (CRD# 6021170)? Herrera was registered with Wells Fargo Clearing Services, LLC in Jersey City, New Jersey from 2012 to 2018. In October 2019, the New Jersey Bureau of Securities … Continue reading
Erez Law is currently investigating former Ameriprise Financial Services, Inc. broker Steven Yellen (CRD# 1281663) regarding unauthorized trading. Yellen was registered with Ameriprise Financial Services, Inc. in El Paso, Texas from 2016 to 2018, when he was terminated regarding, “Registered … Continue reading