Can You Recover Losses Due to Investments with Pruco Securities, LLC Broker Joseph Viet Duy Phan?
Posted on Wednesday, January 15th, 2020 at 5:05 pm
Pruco Securities, LLC broker Joseph Viet Duy Phan (CRD# 2555300) was barred by FINRA for borrowing money from clients. Phan was registered with Pruco Securities, LLC in Irvine, California from 2007 to 2018, when he was terminated regarding, “Registered Representative borrowed money from two clients without Firm approval, and attempted to deposit a client’s insurance […]
Victim of Investment Fraud with LPL Financial LLC Broker Dain Stokes?
Posted on Tuesday, December 3rd, 2019 at 8:48 pm
Erez Law is currently investigating LPL Financial LLC broker Dain Stokes (CRD# 2960801) regarding investment fraud. Stokes was registered with LPL Financial LLC in Bedford, New Hampshire from 2009 to 2019, when he was terminated regarding, “Termination in connection with State of NH suspension of investment adviser agent and broker-dealer representative license.” In October 2019, […]
Cabot Lodge Securities LLC Broker Rusty Tweed Investment Losses
Posted on Tuesday, November 19th, 2019 at 2:56 pm
Did you lose money investing with Cabot Lodge Securities LLC broker Robert Russel Tweed (CRD# 2339324), aka Rusty Tweed? Tweed has been registered with Cabot Lodge Securities LLC in San Marino, California since October 2015. Previously, Tweed was registered with Concorde Investment Services, LLC in San Marino, California from 2011 to 2015. Before then, Tweed […]
Did You Lose Money with Wedbush Securities Inc. Broker Scott Andersen?
Posted on Monday, October 21st, 2019 at 3:23 pm
There are options for customers of Wedbush Securities Inc. broker Scott Andersen (CRD# 4412679) who suffered investment losses Andersen has been registered with Wedbush Securities Inc. in Roseville, California since 2006. Anderssen is an 18-year industry veteran who previously worked at Morgan Stanley in Auburn, California from 2001 to 2006. In February 2019, a pending […]
Investor Alert: Former Southern Trust Securities, Inc. Broker Robert Escobio Losses
Posted on Wednesday, October 2nd, 2019 at 6:37 am
Are you the victim of former Southern Trust Securities, Inc. broker Robert Escobio (CRD# 703813)? Escobio was registered with Southern Trust Securities, Inc. in Miami, Florida from 2000 to 2017. In July 2019, “Escobio was named a respondent in a FINRA complaint alleging that he has repeatedly failed to provide information and documents requested by […]
Former TD Ameritrade, Inc. Client Wins FINRA Arbitration for $720,000 for Wealth Strategies Funds Losses
Posted on Monday, September 23rd, 2019 at 8:51 pm
In August 2019, a former client of TD Ameritrade, Inc. won an award in a FINRA arbitration for $720,816.60 plus 7.5% per annum in compensatory damages, a $300 filing fee, prejudgment interest and expert witness fees for investment losses. The investor was a client of financial advisor Michael Bayliss (CRD# 3274327). The causes of action […]
SEC Charged Former CV Brokerage, Inc. Broker Brenda Smith with Fraud
Posted on Monday, September 23rd, 2019 at 8:37 pm
In August 2019, the Securities and Exchange Commission (SEC) charged former CV Brokerage, Inc. broker Brenda Smith (CRD# 4348518) with operating an investment advisory fraud. The SEC also obtained an emergency asset freeze and a temporary restraining order. According to the SEC complaint, “Smith and her fund Broad Reach Capital, LP, raised approximately $105 million […]
Were You The Victim of the GT Media Scam with Broker Kerry Hoffman?
Posted on Monday, September 16th, 2019 at 8:21 pm
Erez Law is currently investigating broker Kerry Hoffman (CRD# 1061740) regarding his role in the GT Media scam. In July 2019, the Securities and Exchange Commission (SEC) charged Thomas Conwell (CRD# 2095817) and Hoffman for fraudulently selling securities to retail investors. According to the SEC complaint, Conwell and Hoffman raised more than $3.3 million from […]
SEC Charges 1st Global Capital LLC and Former CFO with Fraud
Posted on Monday, September 16th, 2019 at 8:11 pm
In August 2019, the Securities and Exchange Commission (SEC) charged 1 Global Capital LLC’s former chief financial officer, Alan Heide, with defrauding retail investors. The SEC’s complaint Heide with violations of the antifraud provisions of the federal securities laws. According to the SEC, Heide agreed to settle the SEC’s charges as to liability, without admitting […]
Were You the Victim of River Source Wealth Management, LLC and Stephen Anderson?
Posted on Monday, September 16th, 2019 at 8:06 pm
In May 2019, the Securities and Exchange Commission (SEC) charged owner and operator of River Source Wealth Management, LLC Stephen Anderson (CRD# 4062846) with defrauding clients by overcharging advisory fees of at least $367,000. River Source Wealth Management, LLC is a now-defunct registered investment adviser in North Carolina that had a primary revenue stream for […]