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In June 2019, FINRA censured Citigroup Global Markets, fined the firm $225,000 and ordered them to pay $152,488.59 in restitution plus interest for supervisory failures in connection with the sale of Unit Investment Trusts (UITs). According to FINRA, between 2011 … Continue reading
Erez Law recently filed a FINRA arbitration against former Cetera Advisors LLC and its broker George Merhoff (CRD# 2918171). The Erez Law client alleges the following in the newly filed FINRA claim: The client informed Merhoff that he was approaching … Continue reading
Were you the victim of former UBS Financial Services Inc. broker Nicholas Barios (CRD# 2122824)? Barios was registered with UBS Financial Services Inc. in Winter Haven, Florida from 2008 to 2019, when he was terminated regarding, Producing Branch Manager (“PBOM”) … Continue reading
Former First Standard Financial Company LLC broker William Gennity (CRD# 4913490) was barred by FINRA and the Securities and Exchange Commission (SEC) for churning customer accounts and making unsuitable investment recommendations. Gennity was registered with First Standard Financial Company LLC … Continue reading
In April 2019, a former client won a FINRA arbitration against J.P. Turner & Company, L.L.C., Summit Brokerage Services, Inc., LPL Financial LLC, Purshe Kaplan Sterling Investments, Inc. and CS Planning Corp. and financial advisor Christopher Burtraw (CRD# 4670431) for … Continue reading
Former American Portfolios Financial Services, Inc. broker Mark Hopkins (CRD# 2653473) was barred by FINRA for accepting customer funds for an investment not on the books. Hopkins was registered with American Portfolios Financial Services, Inc. in Grand Blanc, Michigan from … Continue reading
Were you the victim of former National Securities Corporation financial advisor James Eichner Jr. (CRD# 3221851)? Eichner was registered with Allied Millennial Partners, LLC in Garden CIty, New York from 2018 to 2019, when he was terminated regarding, “Representative’s registration … Continue reading
Former Mutual of Omaha Investor Services, Inc. broker Edward Matthes (CRD# 2788055), who was barred by FINRA regarding unsuitable variety annuity investment recommendations, recently pled guilty to wire fraud. Matthes was registered with Mutual of Omaha Investor Services, Inc. in … Continue reading
Erez Law is currently investigating former HD Vest Investment Services financial advisor Erin Verespy (CRD# 2727866) regarding misuse and misappropriation of customer funds. Verespy was registered with HD Vest Investment Services in Trumbull, Connecticut from 1998 to 2019. In April … Continue reading
Financial advisors across the country who work at large brokerage firms including Merrill Lynch, Credit Suisse, Morgan Stanley, and UBS, among others, recommended unsuitable Yield Enhancement Strategy (YES strategy) investments that resulted in devastating losses to their clients. Unfortunately, many … Continue reading