Mutual Funds

Kestra Investment Services, LLC to Repay $2.2 Million for Overcharging Customers for Mutual Fund Purchases

Posted on Friday, March 1st, 2019 at 11:17 am    

In February 2019, FINRA fined Kestra Investment Services, LLC and required the firm to pay $1,947,704 in restitution for overcharging Eligible Customers for mutual fund purchases, as well as a fine of $225,000 and remediation to Eligible Customers who did not receive, the applicable mutual fund sales charge waiver. FINRA found that Kestra disadvantaged certain […]

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Mutual Fund Losses with Former MSI Financial Services, Inc. Financial Advisor Patrick Rynn

Posted on Wednesday, January 9th, 2019 at 7:36 pm    

Erez Law is currently investigating former MSI Financial Services, Inc. financial advisor Patrick Rynn (CRD# 5515919) regarding mutual fund losses. Rynn has been registered with MML Investors Services, LLC in Latham, New York since March 2017 and previously with MSI Financial Services, Inc. in Latham, New York from 2010 to 2017. Rynn has been the […]

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Cambridge Investment Research, Inc. Financial Advisor John Grillo Investment Losses

Posted on Saturday, January 5th, 2019 at 10:13 am    

Erez Law is currently investigating Cambridge Investment Research, Inc. financial advisor John Grillo (CRD# 2643787) regarding mutual fund losses. Grillo has been registered with Cambridge Investment Research, Inc. in Carrollton, Georgia since 2008. Grillo has been the subject of one customer complaint, according to his CRD report: June 2018. “The claimants allege their investments were […]

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Next Financial Group, Inc. Financial Advisor Charles Doraine Received $2.5 Million Customer Complaint for Mutual Fund Trades

Posted on Wednesday, September 12th, 2018 at 10:43 am    

Erez Law is currently investigating Next Financial Group, Inc. financial advisor Charles Doraine (CRD# 70411) regarding unsuitable mutual fund trades. Doraine has been registered with Next Financial Group, Inc. in Corpus Christi, Texas since 2007. In May 2007, Doraine was suspended for five days and sanctioned to civil and administrative penalties and fines of $5,000 […]

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Have You Suffered LJM Capital Preservation and Growth Fund Losses with IFAM Capital Financial Advisor Daniel Gamache?

Posted on Thursday, September 6th, 2018 at 8:42 am    

IFAM Capital financial advisor Daniel Gamache (CRD# 5538021) is accused of recommending LJM Capital Preservation and Growth Fund. Gamache is currently registered with and a partner at IFAM Capital in Denver, Colorado since January 2014. Gamache was registered with UBS Financial Services Inc. in Denver, Colorado from 2009 to 2014. LJM Partners is an investment […]

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Erez Law Investigates Former National Securities Corporation Financial Advisor James Mariani

Posted on Monday, August 13th, 2018 at 1:34 pm    

Did you lose money investing with former National Securities Corporation financial advisor James Mariani (CRD# 2932631)? Mariani has been registered with Aegis Capital Corp. in Bayside, New York since September 2017. Previously, he was registered with National Securities Corporation in Mineola, New York from 2007 to 2017. In May 2005, NASD suspended and fined Mariani […]

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Woodbury Financial Services, Inc. Ordered to Pay 1.091 Million for Failure to Supervise Former Broker Robert Hoffmann

Posted on Wednesday, July 11th, 2018 at 7:16 am    

In June 2018, FINRA ordered Woodbury Financial Services, Inc. to pay the total sum of $1,091,575.21, which is comprised of $970,107.21 in compensatory damages and $121,468.00 in pre-judgment interest to two clients as a result of the firm’s failure to supervise former broker Robert Hoffmann (CRD# 4008798). The causes of action included breach of fiduciary […]

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How Investors Can Sue Former National Securities Corporation Financial Advisor James Mariani

Posted on Thursday, May 17th, 2018 at 6:23 am    

Did you lose money investing with former National Securities Corporation financial advisor James Mariani (CRD# 2932631)? Mariani has been registered with Aegis Capital Corp. in Bayside, New York since September 2017. Previously, he was registered with National Securities Corporation in Mineola, New York from 2007 to 2017. In May 2005, NASD suspended Mariani violating NASD […]

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Did You Lose Money with Allegis Investment Services, LLC Financial Advisor Charles Sorensen II?

Posted on Wednesday, May 9th, 2018 at 1:29 pm    

There are options for customers of Allegis Investment Services, LLC financial advisor Charles Sorensen II (CRD# 3255618) regarding mutual funds and options losses. Sorensen has been registered with Allegis Investment Services, LLC in North Logan, Utah since 2014. Previously, Sorensen was registered with Signator Financial Services, Inc. in North Logan, Utah from 2010 to 2014. […]

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Raymond James & Associates, Inc. Financial Advisor Logan Phillips Jr. Investment Losses

Posted on Sunday, March 11th, 2018 at 8:44 am    

Were you the victim of Raymond James & Associates, Inc. financial advisor Logan Phillips Jr. (CRD# 1248589), who is alleged to recommend unsuitable variable annuities, mutual funds and penny stocks? Phillips was registered with Raymond James & Associates, Inc. in Jackson, Mississippi from 2013 to 2016. Phillips has been the subject of nine customer complaints […]

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