Misappropriated Funds

Can I Recover Losses Due to Investments with Former Merrill Lynch Broker Marcus Boggs?

Posted on Tuesday, November 5th, 2019 at 11:29 am    

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 August 2019, the Securities […]

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Former Morgan Stanley Broker Michael Carter Settles $1.3 Million Customer Complaint

Posted on Monday, October 21st, 2019 at 3:19 pm    

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 […]

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Investigation of Former Raymond James & Associates, Inc. Broker Frederick Stow

Posted on Monday, October 21st, 2019 at 1:58 pm    

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 […]

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Former Wells Fargo Clearing Services Broker Apostolos Pitsironis Investment Losses

Posted on Wednesday, October 16th, 2019 at 10:28 am    

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 […]

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Investment Losses with Former Morgan Stanley Broker Elias Hafen

Posted on Wednesday, September 11th, 2019 at 8:33 pm    

Erez Law is currently investigating former Morgan Stanley broker Elias Hafen (CRD# 867068) regarding misappropriation that lead 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 he […]

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Investigation of Commonwealth Financial Network Broker Benjamin Bourgeois

Posted on Wednesday, July 10th, 2019 at 7:06 am    

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 […]

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Former LPL Financial LLC Broker James Bylenga Barred by FINRA

Posted on Tuesday, July 9th, 2019 at 8:23 pm    

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, […]

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Former HD Vest Investment Services Financial Advisor Erin Verespy Barred by FINRA for Misusing Customer Funds

Posted on Monday, June 10th, 2019 at 1:23 pm    

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 […]

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Securities America, Inc. Faces $18 Million Lawsuit For Former Financial Advisor Hector May Ponzi Scheme

Posted on Friday, April 12th, 2019 at 12:46 pm    

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 […]

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Former Royal Alliance Associates, Inc. Client Wins $2.6 Million FINRA Arbitration

Posted on Thursday, February 21st, 2019 at 8:02 am    

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 […]

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