Category: Fraud Articles
In January 2019, two former clients of Capitol Securities Management, Inc. won an award in a FINRA arbitration for compensatory damages for a total of $2.38 million for losses sustained from excessive trading, unauthorized fund transfers and withdrawals, and fraud. … Continue reading
In January 2019, a former client of Quest Capital Strategies, Inc. won an award in a FINRA arbitration for compensatory damages for $235,000 and $41,226.46 in costs for losses sustained from investments in promissory notes of the Woodbridge Mortgage Investment … Continue reading
Did you lose money investing with Summit Brokerage Services, Inc. broker Victor Rigoni III (CRD# 4272056)?. Rigoni has been registered with Cetera Advisor Networks LLC in Lake Forest, Illinois since September 2019. Previously, Rigoni was registered with Summit Brokerage Services, … Continue reading
Former Des Pain Financial Corporation financial advisor Jay Weiser (CRD# 1511042) is accused of mismanagement retirement assets in unsuitable Woodbridge Promissory Notes and Future Income Payments, LLC. Weiser was registered with Des Pain Financial Corporation in Collinsville, Illinois from 2000 … Continue reading
Former Capital Financial Services, Inc. financial advisor Sean Kelly (CRD# 2294170) is accused of orchestrating $1 million Lion’s Share fraud. Kelly was registered with Center Street Securities, Inc. in Marietta, Georgia from August 2017 to October 2018. Previously, Kelly was … Continue reading
There are options for customers of Stifel, Nicolaus & Company, Incorporated financial advisor Ghazaleh Ebrahimi (CRD# 2873246) regarding investment losses. Ebrahimi has been registered with Stifel, Nicolaus & Company, Incorporated in San Francisco, California since 2011. Ebrahimi has been the … Continue reading
In December 2018, FINRA censured and fined Merrill Lynch $300,0000 for failure to supervise Eva Weinberg (CRD# 1767814), who engaged in a scheme to defraud a Merrill Lynch customer. According to the Acceptance, Waiver and Consent, between February 2010 and … Continue reading
Did you lose money investing with Aegis Capital Corp. financial advisor Damian Mamane (CRD# 4424077)? Mamane has been registered with Aegis Capital Corp. in Boca Raton, Florida since 2014. Mamane has been the subject of two customer complaints between 2013 … Continue reading
Former Next Financial Group Inc. financial advisor Douglas Simanski (CRD# 2606998) settled charges with the Securities and Exchange Commission (SEC) that he operated a $3.9 million fraud. Simanski has been registered with Next Financial in Altoona, Pennsylvania from 1999 to … 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