Misappropriated Funds

Did you lose money investing with former Merrill Lynch broker Marcus Boggs (CRD# 5055667)? Boggs was registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated in Chicago, Illinois from 2006 to 2018, when he was terminated regarding, “Conduct including withdrawal of funds from client accounts without their knowledge or approval.” In February 2020, the Securities […]

Erez Law is currently investigating former Morgan Stanley broker Michael Carter (CRD# 3232017) regarding who has two recent settled customer complaints for unauthorized withdrawals. Carter was registered with Morgan Stanley in Mclean, Virginia from 2011 to 2019, when he was terminated regarding, “FA was terminated after allegations he misappropriated client funds.” In September 2019, FINRA […]

Erez Law is interested in speaking with investors who may have suffered losses due to investments with former Raymond James & Associates, Inc. broker Frederick Stow (CRD# 864436). Stow was registered with Raymond James & Associates, Inc. in Franklin, Texas from 2013 to 2019, when he was terminated regarding, “Terminated for misappropriating funds from customer […]

Did you suffer investment losses due to recommendations by former Wells Fargo Clearing Services broker Apostolos Pitsironis (CRD# 2804907)? Pitsironis was registered with Janney Montgomery Scott LLC in Melville, New York from December 2018 to June 2019, when he was terminated regarding, “FA was discharged after an internal investigation uncovered that the FA transferred funds […]

Erez Law is currently investigating former Morgan Stanley broker Elias Herbert Hafen (CRD# 867068) regarding misappropriation that led to investor losses. Hafen was registered with Wells Fargo Clearing Services, LLC. in New York, New York from March to September 2018 and previously with Morgan Stanley in New York, New York from 2009 to 2018, when […]

Were you the victim of Commonwealth Financial Network broker Benjamin Bourgeois (CRD# 2145555)? Bourgeois was registered with Commonwealth Financial Network in Metairie, Louisiana from 2015 to April 2019, when he was terminated regarding, “Borrowing money from a customer in violation of FINRA Rule 3240 and Firm policy.” Previously, Bourgeois was registered with LPL Financial LLC […]

Erez Law is interested in speaking with investors who may have suffered losses due to investments with former LPL Financial LLC broker James Bylenga (CRD# 705143). Bylenga was registered with LPL Financial LLC in Portage, Michigan from 2016 to 2018 and previously with Comerica Securities in Kalamazoo, Michigan from 2009 to 2016. In April 2019, […]

Erez Law is currently investigating former HD Vest Investment Services financial advisor Erin Verespy (CRD# 2727866) regarding misuse and misappropriation of customer funds. Verespy was registered with HD Vest Investment Services in Trumbull, Connecticut from 1998 to 2019. In April 2019, FINRA barred Verespy after she consented to the sanction and to the entry of […]

Securities America Inc. faces a $18 million lawsuit for compensatory damages for losses sustained by a former client of the firm and former financial advisor Hector May (CRD# 323779) related to losses sustained from involvement in a Ponzi scheme. According to May’s BrokerCheck profile, “Plaintiffs allege that from 2001 to March, 2018, the representative misappropriated […]

In January 2019, a former client of Royal Alliance Associates, Inc. won an award in a FINRA arbitration for compensatory damages for $2,113,665, as well as $15,277.55 in cost, $500,000 in attorneys’ fees and $1,200 for the non-refundable filing fee for losses sustained from investment losses due to misappropriated funds. The investors were clients of […]