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Erez Law is currently investigating David Lerner Associates, Inc. (CRD# 5397) financial advisors regarding recommendations for investments in Puerto Rico bonds to its clients across the country. The Miami based law firm believes that David Lerner Associates brokers sold unsuitable … Continue reading
In March 2017, a UBS Financial Services customer won an award in a FINRA arbitration for compensatory damages in the amount of $3.9 million plus $442,000 in attorneys’ fees and $61,500 in costs from losses sustained in Puerto Rico municipal … Continue reading
In February 2017, a former UBS Financial Services, Inc. client won an award in a FINRA arbitration for compensatory damages in the amount of $7.98 million plus punitive damages in the amount of $1 million plus interest for losses sustained … Continue reading
Erez Law is currently investigating Purshe Kaplan Sterling Investments financial advisor Gopi Krishna Vungarala regarding excessive sales charges on the purchase of non-traded Real Estate Investment Trusts (REITs) and Business Development Companies (BDCs). Vungarala was registered with Purshe Kaplan Sterling … Continue reading
Erez Law is currently investigating Wells Fargo financial advisor Daniel Fain (CRD# 500386) regarding overconcentrated and unsuitable investments. Fain has been registered with Wells Fargo in Boca Raton, Florida since 2003. In one recent case of broker misconduct, two retired … Continue reading
Erez Law is currently investigating Morgan Stanley financial advisors across the country on behalf of customers who experienced losses due to unsuitable investments in inverse exchange-traded funds (inverse ETFs). Inverse ETFs use short selling and other advanced investment techniques to … Continue reading
Erez Law is currently investigating Wells Fargo financial advisor Matthew Christopher Maczko (CRD# 1888519) regarding excessive trading in customer accounts. Maczko was registered with Wells Fargo in Oak Brook, Illinois, from 2008 to 2016. Maczko was terminated from Wells Fargo … Continue reading
Erez Law is currently investigating former Morgan Stanley Smith Barney, LLC financial advisor Patrick Dennis Combs (CRD# 2720909) regarding an outside investment with a Morgan Stanley customer and a private sports drink company. Combs was registered with IMS Securities, Inc. … Continue reading
Erez Law is currently investigating Wells Fargo financial advisor John Bradford Leonard (CRD# 2113842) regarding losses from oil and gas investments. Leonard was registered with Wells Fargo in Toledo, Ohio from 2008 to 2016. In one example of broker misconduct, … Continue reading
Erez Law is currently investigating LPL Financial LLC financial advisor Karl Horace Romero (CRD# 403473) regarding unsuitable investment recommendations. Romero was registered with LPL Financial in Santa Ana, California from 1989 to 2016. Romero is currently not registered with any … Continue reading