Mutual Funds

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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LJM Capital Preservation and Growth Fund – LJM Funds Loss Attorney

Posted on Sunday, March 11th, 2018 at 7:59 am    

Erez Law is interested in speaking with investors who may have suffered losses due to investments with LJM Capital Preservation and Growth Fund. If your broker or brokerage firm sold you the LJM Funds without disclosing the risks of the fund, Erez Law may be able to help you recover your losses. LJM Partners is […]

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Ameriprise Financial Services Inc. Settles with SEC Regarding Overcharging Retirees in Mutual Fund Accounts

Posted on Tuesday, March 6th, 2018 at 2:51 pm    

Erez Law is currently investigating Ameriprise Financial Services Inc. financial advisors across the country who recommended and sold higher-fee mutual fund shares to retirees and failed to provide sales charge waivers. In February 2018, the Securities and Exchange Commission (SEC) settled charges with Ameriprise Financial Services Inc. for recommending and selling higher-fee mutual fund shares […]

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Did Cetera Advisor Networks LLC Overcharge You for Mutual Funds?

Posted on Tuesday, September 19th, 2017 at 9:51 am    

Erez Law is currently investigating Cetera Advisor Networks LLC regarding not providing applicable mutual fund sales-charge waivers for select customers, resulting in eligible customers being overcharged by at least $1,666,404 for mutual fund purchases made since July 1, 2009. Cetera Advisor Networks LLC is headquartered in El Segundo, California and has approximately 3,100 registered persons […]

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SEC Orders Credit Suisse Securities and Former Financial Advisor Sanford Michael Katz to Pay $7.93 Million in Fines to Clients

Posted on Monday, April 17th, 2017 at 12:46 pm    

Erez Law is currently investigating former Credit Suisse Securities financial advisor Sanford Michael Katz (a.k.a. Sandy) (CRD# 1558898) regarding breach of fiduciary duty in connection with the purchase and recommendation of mutual fund shares for his clients. Katz has been registered with Wells Fargo in San Francisco, California since 2015. Previously, he was registered with […]

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SEC Investigating SunTrust Banks and SunTrust Investment Services for Fraud Charges Related to Mutual Fund Sales

Posted on Monday, March 20th, 2017 at 4:16 pm    

Erez Law is currently investigating SunTrust Banks and its broker-dealer and insurance arm of the company, SunTrust Investment Services, regarding allegations that brokers across the country recommended costly mutual funds when cheaper options were available for those customers. The U.S. Securities and Exchange Commission is currently investigating whether SunTrust Investment Services bought costly mutual funds […]

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