GPB Capital Holdings Business Partner Filed Case Alleging Serious Financial Misconduct

Posted on Wednesday, August 7th, 2019 at 8:10 pm    

In July 2019, it was reported that one of GPB Capital Holdings’ David Rosenberg, a former business partner and chief executive of Prime Automotive Group, filed a case against the firm, alleging serious financial misconduct. The report alleged that GPB Capital Holdings tried to push Rosenberg out after he complained to the Securities and Exchange […]

Read More

GPB Capital Holdings Losses with Former MML Investors Services, LLC Broker Oscar Francis

Posted on Monday, July 29th, 2019 at 2:40 pm    

Former MML Investors Services, LLC broker Oscar Francis (CRD# 5094722) is alleged to recommend unsuitable investments in GPB Capital Holdings. Francis was registered with MML Investors Services, LLC in Ft Lauderdale, Florida from 2008 to 2017, when he was terminated regarding, “Terminated in connection with an investigation into an undisclosed outside business activity, potential selling […]

Read More

Former First Standard Financial Company LLC Broker Gabriel Block Investment Losses

Posted on Thursday, July 25th, 2019 at 9:51 am    

There are options for customers of former First Standard Financial Company LLC broker Gabriel Block (CRD# 2103543) who suffered investment losses. Block was registered with First Standard Financial Company LLC in Red Bank, New Jersey from 2016 to 2018, and previously with National Securities Corporation in Red Bank, New Jersey from 2014 to 2016 and […]

Read More

Former Gould, Ambroson & Associates Ltd. President and Chief Compliance Officer Jay Ambroson Has Six Pending Customer Complaints

Posted on Wednesday, July 24th, 2019 at 8:58 pm    

Erez Law is currently investigating former president and chief compliance officer of Gould, Ambroson & Associates Ltd. Jay Ambroson (CRD# 859012). Ambroson was registered with Gould, Ambroson & Associates Ltd. in Garden City, New York from 1986 to 2018. Ambroson has been the subject of eight customer complaints between 2018 and 2019, according to his […]

Read More

Did You Lose Money Investing in Woodbridge Securities with Former Independent Financial Group, LLC Broker Jeffrey Schwebach?

Posted on Tuesday, July 9th, 2019 at 3:08 pm    

Erez Law is currently investigating former Independent Financial Group, LLC broker Jeffrey Schwebach (CRD# 1606537) regarding Woodbridge Group of Companies losses. Schwebach was registered with Independent Financial Group, LLC in Dell Rapids, South Dakota from 2010 to 2018, when he was terminated regarding, “Failure to accurately nature of Outside Business Activities. Violation of firm policy […]

Read More

Legend Securities, Inc. Settles Nearly $1 Million Claim for Investment Losses

Posted on Tuesday, July 9th, 2019 at 8:21 pm    

In June 2019, a former client of Legend Securities, Inc., its CEO Anthony Fusco (CRD# 2704753), and three defunct New York firm’s registered representatives won a $966,708 award in a FINRA arbitration. The three brokers involved in this case are Brian Decker (CRD# 4565524), Steven Meyer (CRD# 4798400) and Bernardo Misseri (CRD# 2713297). Frank Fusco […]

Read More

SEC Charges Paul Rinfret and Plandome Partners LLC with $19.3 Million Fraud

Posted on Tuesday, July 9th, 2019 at 8:16 pm    

In June 2019, The Securities and Exchange Commission (SEC) filed charges against Paul Rinfret (CRD# 805117) and Plandome Partners LLC, an investment partnership, for defrauding investors of more than $19.3 million. According to the SEC complaint, “For over five years, Rinfret perpetrated a brazen, multimillion dollar offering fraud scheme, defrauding investors by telling them that […]

Read More

Have You Suffered Losses Due to Investments with Cetera Investment Services LLC Broker Chang Vung?

Posted on Tuesday, July 9th, 2019 at 2:58 pm    

Erez Law is currently investigating Cetera Investment Services LLC broker Chang Vung (CRD# 5347816) regarding real estate securities losses. Vung has been registered with Cetera Investment Services LLC in Flushing, New York since 2007. Vung has been the subject of one customer complaint, according to his CRD report: January 2019. “Claimant alleges breach of contract, […]

Read More

Former CoreCap Investments, Inc. Client Wins FINRA Arbitration for $1.2 Million for Losses Due to Investments With Ernest Romer II

Posted on Tuesday, May 14th, 2019 at 3:05 pm    

In March 2019, a former client of CoreCap Investments, Inc. won an award in a FINRA arbitration for $1,161,333, which included compensatory damages of $699,000, $72,720 in prejudgement interest, $118,573 in attorney fees, $15,000 in costs and the $300 filing fee. The investors were clients of financial advisor Ernest Romer II (CRD# 2311741). The causes […]

Read More

Woodbridge Group of Companies $1 Billion Ponzi Scheme Execs Charged with Criminal Fraud

Posted on Tuesday, April 23rd, 2019 at 3:58 pm    

In April 2019, the Securities and Exchange Commission (SEC) charged the Woodbridge Group of Companies execs with criminal fraud. Woodbridge Group of Companies former owner and CEO Robert Shapiro, as well as directors Ivan Acevedo and Dane Roseman were arrested on federal criminal charges for their roles in operating the $1 billion Ponzi scheme that […]

Read More