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NorthStar Healthcare Income REIT Stops Distributions And Investors Face Massive Losses

Posted on Tuesday, May 14th, 2019 at 3:01 pm    

Erez Law is currently investigating financial advisors across the country who recommended their clients invest in NorthStar Healthcare Income Real Estate Investment Trust (REIT), a non-traded REIT that was formed to acquire, originate and asset manage a diversified portfolio of equity, debt and securities investments in healthcare real estate. According to the website, “NorthStar Healthcare […]

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Erez Law Continues to File Cases for Investors Burned by Ricky Mantei, Cindy Chiellini and Centaurus Financial, Inc.

Posted on Tuesday, May 14th, 2019 at 2:57 pm    

In May 2019, Erez Law filed a FINRA another arbitration against Centaurus Financial, Inc. related to investments with Ricky Mantei (CRD# 1098981), Cindy Chiellini (CRD# 1015592) and Katherine Nishnic (CRD# 2499553), who were registered representatives of Centaurus Financial, Inc. in Lexington, South Carolina. According to the claim filed by Erez Law, the clients are a […]

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Former Voya Financial Advisors, Inc. Financial Advisor James Flynn REIT Losses

Posted on Tuesday, May 14th, 2019 at 2:49 pm    

Former Voya Financial Advisors, Inc. financial advisor James Flynn (CRD# 3082615) is alleged to recommend unsuitable REITs and illiquid investments. Flynn was registered with IFS Securities in Greenville, South Carolina from February 2017 to February 2018, when he was terminated regarding, “Client alleges trading ahead of authorization.” Previously, he was registered with Voya Financial Advisors, […]

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Were You The Victim of Former Independent Financial Group, LLC Financial Advisor Jon Pariser?

Posted on Tuesday, May 14th, 2019 at 2:43 pm    

Barred former Independent Financial Group, LLC financial advisor Jon Pariser (CRD# 2755015) is accused of running a Ponzi scheme. Pariser was registered with Independent Financial Group, LLC in Pacific Grove, California from 2014 to May 2018. Previously, he was registered with SWS Financial Services, Inc. in Pacific Grove, California from 2013 to July 2014, when […]

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Did Centaurus Financial, Inc. Financial Advisor Dana Hawkins Recommend Unsuitable Structured Products?

Posted on Wednesday, May 8th, 2019 at 1:35 pm    

Centaurus Financial, Inc. financial advisor Dana Hawkins (CRD# 5731136) is alleged to recommend unsuitable structured notes. Hawkins worked alongside Ricky Mantei (CRD# 1098981) and Cindy Chiellini (CRD# 1015592), who were all registered representatives of Centaurus Financial, Inc. in Lexington, South Carolina. Hawkins has been registered with Centaurus Financial, Inc. in Lexington, South Carolina since 2015. […]

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Former AXA Advisors, LLC Client Wins $3.18 Million for Losses Due to Investments with Francesco Puccio

Posted on Wednesday, May 8th, 2019 at 1:31 pm    

In April 2019, a former client of AXA Advisors, LLC won an award in a FINRA arbitration for compensatory damages for $2,224,672, plus 9% interest per annum until the award is paid in full, $67,294 in costs, and $889,869 in attorney fees for investment losses. The investors were clients of financial advisor Francesco Puccio (CRD# […]

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Former Morgan Stanley Client Wins FINRA Arbitration for Stock Losses

Posted on Wednesday, May 8th, 2019 at 1:27 pm    

In April 2019, a former client of Morgan Stanley won an award in a FINRA arbitration for compensatory damages for $127,000 for losses sustained from stock losses in a public company, Omeros Corporation. The investors were clients of financial advisor Mary Suhr (CRD# 5051921). The causes of action included breach of fiduciary duty; breach of […]

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Deutsche Bank Fined $500,000 for Misleading Hedge Fund Investment Process

Posted on Wednesday, May 8th, 2019 at 1:24 pm    

In April 2019, the Securities and Exchange Commission (SEC) fined the United States unit of Deutsche Bank $500,000. According to reports, Deutsche Bank Trust Company Americas claimed to rely on a rigorous testing process when selecting hedge fund investments for its wealth-management clients. However, this was not the case. Instead, the SEC found that Deutsche […]

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Widow Seeks $2.37 Million from Wells Fargo for Mishandling Life Insurance Payout

Posted on Wednesday, May 8th, 2019 at 1:16 pm    

Wells Fargo financial advisor Leonard Kinsman (CRD# 2816535) faces a FINRA customer complaint seeking $591,916 in compensatory damages and $1,776,000 in punitive damages, plus costs and lawyers’ fees for losses sustained from mishandling a widow’s life insurance payout in speculative trading. Kinsman has been registered with Wells Fargo Advisors Financial Network, LLC in Staten Island, […]

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Former Morgan Stanley Client Wins FINRA Arbitration for $454,813 for Portfolio Mismanagement and Over-Concentration of Retirement Account

Posted on Wednesday, May 8th, 2019 at 1:09 pm    

In April 2019, a former client of Morgan Stanley won an award in a FINRA arbitration for compensatory damages for $415,888, $36,500 in expert witness fees, $2,000 in costs, and $425 for the claim filing fee for a total award of $454,813. The award is related to investment losses due to mismanagement of an investor’s […]

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