ETF/Inverse ETF

Oil-Linked Exchange-Traded Products Investment Loss Options

Posted on Wednesday, May 27th, 2020 at 8:57 am    

Did your broker recommend you invest in Oil-Linked Exchange-Traded Products (ETPs) and you suffered investment losses? Brokers across the country recommended their clients invest in unsuitable oil, gas, and energy investments, which suffered significant declines when the market crashed due to the COVID-19 pandemic (the coronavirus of the winter and spring of 2020).  In May […]

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SunTrust Investment Services Fined $634,000 for Unsuitable Holdings of Non-Traditional EFT

Posted on Wednesday, May 27th, 2020 at 8:39 am    

In May 2020, FINRA fined SunTrust Investment Services $634,000, which included a $50,000 fine and $584,466 in restitution to customers, following settled charges that the firm failed to properly supervise brokers who recommended their clients hold non-traditional exchange-traded funds (ETFs) for long periods of time, which can quickly lose value in volatile markets.  According to […]

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Did You Suffer Investment Losses Due to Recommendations to Invest in Leveraged ETFs?

Posted on Tuesday, April 14th, 2020 at 2:08 pm    

Erez Law is currently investigating brokers across the country who recommended their clients invest in leveraged exchange-traded funds (ETFs), following significant declines when the market crashed due to the COVID-19 pandemic (the coronavirus of the winter and spring of 2020). Many of these investments had low assets and did not have a viable path forward […]

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SEC Orders Wells Fargo to Pay $35 Million for ETF Investment Recommendation Practices

Posted on Tuesday, March 3rd, 2020 at 10:24 am    

In February 2020, the Securities and Exchange Commission (SEC) ordered Wells Fargo Clearing Services and Wells Fargo Advisors Financial Network to pay $35 million for harm to investors, related to charges that Wells Fargo failed to reasonably supervise investment advisers and registered representatives who recommended single-inverse exchange-traded funds (EFTs) investments to investors to ensure the […]

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Independent Financial Group, LLC Broker Jeffrey Nesseth REIT Losses

Posted on Friday, January 3rd, 2020 at 12:22 pm    

Erez Law is currently investigating Independent Financial Group, LLC broker Jeffrey Nesseth (CRD# 1983482) regarding unsuitable real estate investment trust (REIT) losses. Nesseth has been registered with Independent Financial Group, LLC in Plano, Texas since 2011. REITs are types of companies that own or finance income-producing real estate, typically across a range of property sectors. […]

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Kalos Capital, Inc. Broker Darren Kubiak GPB Capital Holdings Losses

Posted on Monday, October 21st, 2019 at 3:28 pm    

Erez Law is currently investigating Kalos Capital, Inc. broker Darren Kubiak (CRD# 1239086) regarding leveraged and inverse exchange traded funds (LIETFs) as well as investment losses due to unsuitable GPC Capital Holdings recommendations. Kubiak has been registered with Kalos Capital, Inc. in Alpharetta, Georgia since 2007. In October 2019, Kubiak was sanctioned to a $5,000 […]

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Independent Financial Group, LLC Broker Lyle Boudreaux Alleged to Recommend Unsuitable ETFs

Posted on Tuesday, October 8th, 2019 at 7:27 am    

Were you the victim of Independent Financial Group, LLC broker Lyle Boudreaux (CRD# 4303420)? Boudreaux has been registered with Independent Financial Group, LLC in Houston, Texas since 2012. Boudreaux was previously employed by Merrill Lynch, Pierce, Fenner & Smith Incorporated in Houston, Texas from 2007 to 2012, when he was terminated regarding, “Conduct involving failing […]

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Investigation of Former Key Investment Services LLC Broker Dominic Tropiano Who Was Recently Barred by FINRA

Posted on Monday, July 29th, 2019 at 2:43 pm    

Erez Law is interested in speaking with investors who may have suffered losses due to investments with former Key Investment Services LLC broker Dominic Tropiano (CRD# 4761462) regarding non-traditional exchange-traded funds (ETF) losses. Tropiano was registered with America Northcoast Securities, Inc. in Cleveland, Ohio from May to June 2016 and previously with Key Investment Services […]

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Investment Losses with Former Edi Financial, Inc. Broker William Thurmond?

Posted on Monday, July 29th, 2019 at 2:28 pm    

Were you the victim of former Edi Financial, Inc. broker William Thurmond (CRD# 870133)? Thurmond was registered with Alexander Capital, L.P. in New York, New York from December 2016 to May 2017. Previously, Thurmond was registered with Edi Financial, Inc. in El Paso, Texas from 1997 to 2016. Finra expelled Edi Financial, Inc. in June […]

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Former Morgan Stanley Client Wins FINRA Arbitration for $520,000 for ETF Losses

Posted on Tuesday, July 9th, 2019 at 2:54 pm    

In May 2019, a former client of Morgan Stanley won an award in a FINRA arbitration for compensatory damages for $519,089, plus 8.75% interest per annum until paid in full for losses sustained from exchange traded fund (ETF) losses. The investors were clients of financial advisor Timothy Prouty (CRD# 4928098), who was an unnamed party […]

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