Category: Fraud Articles
Are you the victim of former Southern Trust Securities, Inc. broker Robert Escobio (CRD# 703813)? Escobio was registered with Southern Trust Securities, Inc. in Miami, Florida from 2000 to 2017. In February 2020, Escobio was barred from the securities industry … Continue reading
In August 2019, a former client of TD Ameritrade, Inc. won an award in a FINRA arbitration for $720,816.60 plus 7.5% per annum in compensatory damages, a $300 filing fee, prejudgment interest and expert witness fees for investment losses. The … Continue reading
In August 2019, the Securities and Exchange Commission (SEC) charged former CV Brokerage, Inc. broker Brenda Smith (CRD# 4348518) with operating an investment advisory fraud in the form of a Ponzi scheme. The SEC also obtained an emergency asset freeze … Continue reading
Erez Law is currently investigating broker Kerry Hoffman (CRD# 1061740) regarding his role in the GT Media scam. In July 2019, the Securities and Exchange Commission (SEC) charged Thomas Conwell (CRD# 2095817) and Hoffman for fraudulently selling securities to retail … Continue reading
In August 2019, the Securities and Exchange Commission (SEC) charged 1 Global Capital LLC’s former chief financial officer, Alan Heide, with defrauding retail investors. The SEC’s complaint Heide with violations of the antifraud provisions of the federal securities laws. According … Continue reading
In May 2019, the Securities and Exchange Commission (SEC) charged owner and operator of River Source Wealth Management, LLC Stephen Anderson (CRD# 4062846) with defrauding clients by overcharging advisory fees of at least $367,000. River Source Wealth Management, LLC is … Continue reading
In May 2020, FINRA censured Western International Securities and fined the firm $325,000 related to its compliance procedures. Western International Securities also agreed to hire an independent consultant to review its compliance efforts and recommend changes that the broker-dealer should … Continue reading
In July 2019, it was reported that one of GPB Capital Holdings’ David Rosenberg, a former business partner and chief executive of Prime Automotive Group, filed a case against the firm, alleging serious financial misconduct. The report alleged that GPB … Continue reading
Former MML Investors Services, LLC broker Oscar Francis (CRD# 5094722) is alleged to recommend unsuitable investments in GPB Capital Holdings. Francis was registered with MML Investors Services, LLC in Ft Lauderdale, Florida from 2008 to 2017, when he was terminated … Continue reading
There are options for customers of former First Standard Financial Company LLC broker Gabriel Block (CRD# 2103543) who suffered investment losses. Block was registered with First Standard Financial Company LLC in Red Bank, New Jersey from 2016 to 2018, and … Continue reading