Author: Jeff Erez
Erez Law is currently investigating former Merrill Lynch broker Sylvester Knox (CRD# 1625705) regarding investment losses due to unauthorized transactions. Knox was registered with FSC Securities Corporation in Short Hills, New Jersey from January 2017 to August 2018. Previously, he … Continue reading
Did your broker recommend you invest in Armada Waste Management LP and you saw losses in your investment portfolio? Brokers across the country recommended their clients invest in Armada Waste Management LP, which was issued by GPB Capital Holdings. GBP … Continue reading
Did you suffer losses due to investments with former Wedbush Securities Inc. broker William Heiden (CRD# 2885156)? Heiden was registered with Wedbush Securities Inc. in Newport Beach, California from 2013 to 2018. In January 2018, FINRA named Heiden as a … Continue reading
Purshe Kaplan Sterling Investments settled a claim for $9.5 million related to the sale of alternative investments to a Native American tribe, Saginaw Chippewa Indian Tribe of Michigan, by former Purshe Kaplan Sterling Investments broker Gopi Vungarala (CRD# 4856193). It … Continue reading
Erez Law is currently investigating Merrill Lynch broker Jeffrey Smith (CRD# 1908011) regarding unsuitable investment recommendations. Smith has been registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated in Farmington Hills, Michigan since 1989. Smith has been the subject of … Continue reading
Erez Law is currently investigating former PFS Investments Inc. broker Derrick Trussell (CRD# 5197550) regarding unauthorized trades. Trussell was registered with PFS Investments Inc. in San Antonio, Texas from 2006 to 2017, when he was terminated regarding, “PFSI received allegation … Continue reading
In June 2019, GPB Capital Holdings reported losses in the value of two of its investment funds: GPB Holdings II and GPB Automotive Portfolio. GPB Holdings II saw a decline in value of 25.4% and GPB Automotive Portfolio have decreased … Continue reading
In May 2019, a group of former clients of Raymond James & Associates, Inc. won an award in a FINRA arbitration for $1,790,003.17, which included $1.019 in compensatory damages, $200,000 in punitive damages, $422,000 in attorney’s fees, $14,000 in costs, … Continue reading
Former New York broker Michael Bastardi (CRD# 6015424) was barred by FINRA related to unsuitable margin trading, fraud and forgery. Bastardi was registered with the following firms throughout his short career: Chelsea Financial Services in Staten Island, New York (01/19/2018 … Continue reading
Former Windsor Street Capital, LP broker Jovannie Aquino (CRD# 4876661) was barred by the Securities and Exchange Commission (SEC) for fraud involving excessive trading in the accounts of his retail customers. Aquino was registered with Spartan Capital Securities, LLC in … Continue reading