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The Securities and Exchange Commission recently charged three Morgan Stanley entities with misleading investors in a two residential mortgage-backed securities (RMBS) securitizations that the firms underwrote, sponsored, and issued. In anticipation of the charges, Morgan Stanley submitted an offer of … Continue reading
Erez Law is investigating claims regarding Richard Ohlhaber (CRD #2154794). Ohlhaber accepted FINRA’s Offer of Settlement, in which he was barred from association with any FINRA member in any capacity. See FINRA Case #2012032077901.Ohlhaber was registered with Century Securities Associates, … Continue reading
Erez Law is investigating claims regarding Florlena Cortez (CRD #4339441, Brownsville, Texas). Cortez submitted a Letter of Acceptance, Waiver and Consent in which she was barred from association with any FINRA member in any capacity. See FINRA Case #2012031460902. Cortez … Continue reading
In a recent speech, Daniel Gallagher, a member of the Securities and Exchange Commission stated that a large number investment advisers may be violating securities law and committing other misconduct without consequence because the Securities and Exchange Commission does not … Continue reading
FINRA recently fined Morgan Stanley Smith Barney, LLC (“MSSB”), $5 million for supervisory failures related to initial public offerings between February 16, 2012 and May 1, 2013. During this time, MSSB sold shares to retail customers in 83 IPOs, including … Continue reading
In 2013, independent broker-dealers returned to double-digit revenue growth on average 2013, according to Investment News. Much of this growth stems from alternative investments, particularly non-traded REITS, whose sales reached almost $20 billion in 2013, according to Investment News. Investment … Continue reading
Erez Law is investigating claims regarding William Bradford Coolidge (CRD #1636957, Cordova, Tennessee), also known as Brad Coolidge and William B. Coolidge. Coolidge recently submitted a Letter of Acceptance, Waiver and Consent in which he was barred from association with … Continue reading
Erez Law is investigating claims regarding Florlena Cortez (CRD #4339441, El Paso, Texas), also known as Florlena Cortez Alva and Florlena Cortez Guerrero. Cortez recently submitted a Letter of Acceptance, Waiver and Consent in which she was barred from association … Continue reading
Erez Law and Aldarondo & Lopez Bras recently filed a claim against UBS Financial Services, Inc. and UBS Financial Services Inc. of Puerto Rico on behalf of a retired man who suffered approximately $4.2 million in losses stemming from closed-end … Continue reading
Erez Law is investigating claims regarding Allen Hugo Reichman (CRD #1002285, Irvington, New York), also known as Allen H. Reichman. Reichman recently submitted a Letter of Acceptance, Waiver and Consent in which he was barred from association with any FINRA … Continue reading