Author: Jeff Erez
Erez Law is currently investigating financial advisors across the country who recommended their clients invest in NorthStar Healthcare Income Real Estate Investment Trust (REIT), a non-traded REIT that was formed to acquire, originate and asset manage a diversified portfolio of … Continue reading
Barred former Independent Financial Group, LLC broker Jon Pariser (CRD# 2755015) is accused of running a Ponzi scheme. He was registered with Independent Financial Group, LLC in Pacific Grove, California from 2014 to May 2018. Previously, he was registered with … Continue reading
In April 2019, a former client of AXA Advisors, LLC won an award in a FINRA arbitration for compensatory damages for $2,224,672, plus 9% interest per annum until the award is paid in full, $67,294 in costs, and $889,869 in … Continue reading
In April 2019, a former client of Morgan Stanley won an award in a FINRA arbitration for compensatory damages for $127,000 for losses sustained from stock losses in a public company, Omeros Corporation. The investors were clients of financial advisor … Continue reading
In April 2019, the Securities and Exchange Commission (SEC) fined the United States unit of Deutsche Bank $500,000. According to reports, Deutsche Bank Trust Company Americas claimed to rely on a rigorous testing process when selecting hedge fund investments for … Continue reading
Wells Fargo financial advisor Leonard Kinsman (CRD# 2816535) faces a FINRA customer complaint seeking $591,916 in compensatory damages and $1,776,000 in punitive damages, plus costs and lawyers’ fees for losses sustained from mishandling a widow’s life insurance payout in speculative … Continue reading
In April 2019, a former client of Morgan Stanley won an award in a FINRA arbitration for compensatory damages for $415,888, $36,500 in expert witness fees, $2,000 in costs, and $425 for the claim filing fee for a total award … Continue reading
The GMS Group financial advisor William Ornstein (CRD# 500470) has two pending customer complaints for negligence that lead to client investment losses. Ornstein has been registered with The GMS Group in Boca Raton, Florida since 2001. In July 2001, the … Continue reading
In March 2019, a former client of NewBridge Securities filed a FINRA arbitration for losses sustained from GPB Capital Holdings offerings. The client was sold units of GPB Automotive Fund, L.P. as well as non-traded real estate investment trusts (REITs) … Continue reading
Were you the victim of Centaurus Financial, Inc. financial advisor Michael Fassi (CRD# 828921) who recommended unsuitable investment? Fassi has been registered with Centaurus Financial, Inc. in Fort Collins, Colorado and Reno, Nevada since 2006. Fassi has been the subject … Continue reading