Author: Jeff Erez
In September 2018, a former client of Cambridge Investment Research, Inc. won an award in a FINRA arbitration for compensatory damages for $41,270.44 plus 2% interest for losses sustained from investments in LJM Preservation and Growth Fund. The investors were … Continue reading
In September 2018, a former client of Wells Fargo Advisors, LLC won an award in a FINRA arbitration for compensatory damages for $75,383.75 plus 10% interest per annum for investment losses in Quicksilver Resources Senior Notes. The investors were clients … Continue reading
Former UBS Financial Services Inc. financial advisor Alex Herrera (CRD# 3204779) barred by FINRA regarding unreported outside business activities and private securities transactions. Herrera was registered with UBS Financial Services Inc. in Coral Gables, Florida from 2012 to 2018. In … Continue reading
Erez Law is currently investigating former Raymond James Financial Services financial advisor Steve Reznik (CRD# 1067199) regarding recommendations and/or unauthorized purchases of risky biotech stocks such as: Achaogen, Acadia Pharmaceuticals, Celgene, Clovis, Gilead Sciences, and Ziopharm Oncology. Erez Law is … Continue reading
Erez Law is currently investigating former Merrill Lynch, Pierce, Fenner & Smith broker Frank Zito (CRD# 2766336) regarding selling away, which is selling investments outside of the firm’s supervision. Zito has been registered with Coker & Palmer in Jackson, Mississippi … Continue reading
Erez Law is currently investigating former ProEquities, Inc. financial advisor Todd Phillips (CRD# 2948119) regarding recommendations to invest in Future Income Payments, LLC (FIP LLC) and related investments and insurance policies funded by FIP distributions. According to public records, a … Continue reading
Former Independent Financial Group, LLC financial advisor Jon Pariser (CRD# 2755015) was barred by FINRA regarding unauthorized and discretionary trades in customer accounts. Pariser was registered with Independent Financial Group, LLC in Pacific Grove, California from 2014 to May 2018. … Continue reading
In October 2018, a former client of UBS Financial Services, Inc. and UBS Financial Services, Inc. of Puerto Rico won an award in a FINRA arbitration for compensatory damages for $14.9 million plus 5% post-award interest, as well as $3.9 … Continue reading
Former Morgan Stanley financial advisor Kevin Smith (CRD# 1363302) barred by FINRA regarding discretionary trading in customer accounts. Smith was registered with Morgan Stanley in Minneapolis, Minnesota from 2007 to November 2016, when he was terminated regarding, “Allegations related to … Continue reading
Former Comprehensive Asset Management and Servicing, Inc. financial advisor Tamara Steele (CRD# 3227494) is accused of recommending unsuitable investments in Behavioral Recognition Systems (BRS), a Houston, Texas-based software development company that has created the world’s first Behavioral Analytics technology that … Continue reading