Fraud

Westport Capital Markets, LLC Financial Advisor Christopher McClure Accused of Excessive Markups and Fees in Client Investment Accounts

Posted on Saturday, March 16th, 2019 at 11:08 am    

Erez Law is currently investigating Westport Capital Markets, LLC financial advisor Christopher McClure (CRD# 2289844) regarding excess fees. McClure has been registered with Westport Capital Markets, LLC in Westport, Connecticut since 2001. In November 2017, The Securities and Exchange Commission (SEC) alleged that McClure and Westport Capital Markets, LLC violated their fiduciary duty and defrauded […]

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Former Merrill Lynch Financial Advisor Thomas Buck Sentenced to 40 Months in Prison

Posted on Thursday, February 21st, 2019 at 8:43 am    

In February 2019, FINRA former Merrill Lynch, Pierce, Fenner & Smith financial advisor Thomas Buck (CRD# 1024868) to 40 months in prison following a guilty plea to one count of securities fraud in October 2017. Buck was registered with RBC Capital Markets, LLC in Indianapolis, Indiana from April to July 2015 and previously with Merrill […]

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Former Ameritas Investment Corp. Financial Advisor Kristian Gaudet Investment Losses

Posted on Thursday, February 21st, 2019 at 7:22 am    

Erez Law is currently investigating former Ameritas Investment Corp. financial advisor Kristian Gaudet (CRD# 4190811) regarding fraudulent activities that allegedly involved using client funds for personal use. Gaudet was registered with Ameritas Investment Corp. in Cut Off, Louisiana from 2003 to 2018, when he was terminated regarding, “Registered Representative was using client funds for personal […]

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Woodbridge Group of Companies Ordered to Pay $1 Billion For Operating Ponzi Scheme

Posted on Tuesday, February 12th, 2019 at 3:05 pm    

Were you the victim of the Woodbridge Group of Companies scheme? The Woodbridge Group of Companies was a southern California luxury real estate developer. It is alleged that unregistered brokers sold unregistered securities in the purchase and sale of securities. The company missed payments on notes sold to investors and filed chapter 11 bankruptcy in […]

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SEC Files Charges Against Texas Real Estate Developer Over Multi-Million Dollar Scheme

Posted on Tuesday, February 12th, 2019 at 2:57 pm    

In January 2019, The Securities and Exchange Commission (SEC) filed charges against Phillip Carter, a resident of Texas and real estate developer, as well as Bobby Guess (CRD# 1135068) and Richard Tilford and related entities for conducting a multi-million dollar offering fraud. The related entities included: North-Forty Development LLC North Forty Development, LLC Texas Cash […]

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Former Quest Capital Strategies, Inc. Client Wins FINRA Arbitration for $275,000 for Losses Due to Woodbridge Group of Companies Scheme

Posted on Tuesday, February 12th, 2019 at 2:31 pm    

In January 2019, a former client of Quest Capital Strategies, Inc. won an award in a FINRA arbitration for compensatory damages for $235,000 in compensatory damages and $41,226.46 in costs for losses sustained from investments in promissory notes of the Woodbridge Mortgage Investment Funds 1 and 2. The Woodbridge Group of Companies was a southern […]

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Retired School Teachers Win $2.38 Million Fraud Case

Posted on Tuesday, February 12th, 2019 at 11:27 am    

In January 2019, two former clients of Capitol Securities Management, Inc. won an award in a FINRA arbitration for compensatory damages for a total of $2.38 million for losses sustained from excessive trading, unauthorized fund transfers and withdrawals, and fraud. Capitol is liable for and shall pay to Lakin $1,046,329.00 in compensatory damages, $348,428 in […]

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Woodbridge Promissory Notes Losses with Former Quest Capital Strategies, Inc. Financial Advisor Frank Dietrich

Posted on Tuesday, February 12th, 2019 at 10:23 am    

In January 2019, a former client of Quest Capital Strategies, Inc. won an award in a FINRA arbitration for compensatory damages for $235,000 and $41,226.46 in costs for losses sustained from investments in promissory notes of the Woodbridge Mortgage Investment Funds 1 and 2. The investors were clients of financial advisor Frank Dietrich (CRD# 2506091). […]

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Investigation of Summit Brokerage Services, Inc. Financial Advisor Victor Rigoni III

Posted on Friday, February 1st, 2019 at 11:09 am    

Did you lose money investing with Summit Brokerage Services, Inc. financial advisor Victor Rigoni III (CRD# 4272056)? Rigoni has been registered with Summit Brokerage Services, Inc. in Lake Forest, Illinois since 2010. Rigoni has been the subject of three customer complaints between 2008 and 2018, one of which was denied, according to his CRD report. […]

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Barred Former Des Pain Financial Corporation Financial Advisor Jay Weiser Investment Losses

Posted on Thursday, January 31st, 2019 at 9:56 pm    

Former Des Pain Financial Corporation financial advisor Jay Weiser (CRD# 1511042) is accused of mismanagement retirement assets in unsuitable Woodbridge Promissory Notes and Future Income Payments, LLC. Weiser was registered with Des Pain Financial Corporation in Collinsville, Illinois from 2000 to June 2018, when he was terminated regarding, “Clients allege Weiser sold Regulation D Products […]

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