Author: Jeff Erez
According to a new story in Investment News, former Morgan Stanley broker Angel Aquino-Velez, sold his clients on the sales tax revenue-based Puerto Rico Cofina bonds. The bonds were sold to investors as attractive options with triple tax-free status but … Continue reading
Erez Law is currently investigating Wells Fargo financial advisor Richard Lucker (CRD# 2285760) regarding failure to supervise of a customer’s investment account. Lucker has been registered with Wells Fargo Clearing Services, LLC in El Paso, Texas since 2014. Previously, Lucker … Continue reading
Erez Law is currently investigating former Herbert J. Sims & Co. Inc. financial advisor Larry Wolfe (CRD# 502361) regarding use of discretion in customer accounts. Wolfe has been registered with Stoever, Glass & Company Inc. in Boca Raton, Florida from … Continue reading
Erez Law is currently investigating former UBS Financial Services Inc. financial advisor Lorena Esteva (CRD# 2170595) regarding unauthorized trading, an unapproved customer credit line, and misrepresentation. Esteva was registered with UBS Financial Services Inc. in Miami, Florida from November 2015 … Continue reading
Erez Law is currently investigating former Voya Financial Advisors, Inc. financial advisor Frederick Monroe Jr. (CRD# 2457010) regarding misappropriation of funds in customer accounts. Monroe has been registered with Voya Financial Advisors, Inc. in Albany, New York from 2006 to … Continue reading
In September 2017, a former client of J.J.B. Hilliard, W.L. Lyons, LLC won an award in a FINRA arbitration for compensatory damages for $450,000 and $94,150 in punitive damages and $18,399 in costs for losses sustained from over the concentration … Continue reading
Erez Law is currently investigating SII Investments financial advisors who overconcentrated customer accounts in non-traded real estate investment trusts (REITs). In September 2017, the Enforcement Section of the Massachusetts Securities Division of the Office of the Secretary of the Commonwealth … Continue reading
Erez Law is currently investigating former Meyers Associates, L.P. financial advisor John Telfer (CRD# 1099745) regarding losses sustained from penny stock sales. Telfer was registered with the following firms during the past few years: Meyers Associates, L.P. in New York, … Continue reading
Erez Law is currently investigating First Kentucky Securities Corporation financial advisor William Fenwick Jr. (CRD# 1547907) regarding unsuitable activities. Fenwick has been registered with First Kentucky Securities Corporation in Louisville, Kentucky since 2005. Fenwick has been the subject of three … Continue reading
Erez Law is currently investigating broker-deal Spencer Edwards, Inc. financial advisors regarding participating in unregistered securities. Spencer Edwards, Inc. is a broker-dealer located in Centennial, Colorado. In March 2017, FINRA fined Spencer Edwards, Inc. $707,000 and suspend them with respect … Continue reading