Author: Jeff Erez
Were you the victim of Ameriprise Financial Services, Inc. broker Angel Bardeche (CRD# 4698117)? Bardeche has been registered with Ameriprise Financial Services, Inc. in Cincinnati, Ohio from 2012 to 2019, when he was terminated regarding, “The registered representative was terminated … Continue reading
Erez Law is currently investigating broker Gary Hammond (CRD# 2660432) regarding private securities investment losses. Hammond was registered with Hornor, Townsend & Kent, Inc. in Charlotte, North Carolina from August to December 2017. Previously, Hammond was registered with MML Investors … Continue reading
In December 2020, the Securities and Exchange Commission (SEC) sanctioned Pruco Securities to pay $18 million in disgorgement, interest and penalties, as well as a censure and cease-and-desist for breach of fiduciary duty related to wrap fee programs. The penalty … Continue reading
In December 2020, the Securities and Exchange Commission (SEC) settled charges with Voya Financial Advisors, Inc. regarding the firm’s “disclosure failures and misleading statements to clients regarding investment advice it gave about mutual funds, illiquid alternative investments and cash sweep … Continue reading
In December 2020, FINRA sanctioned Worden Capital Management $1.5 million, as part of a settlement regarding findings that the firm failed to establish, maintain, and enforce a supervisory system reasonably designed to supervise actively traded accounts. The settlement includes $1.2 … Continue reading
Erez Law is currently investigating former Pruco Securities, LLC broker Roger Duvall (CRD# 2503718) who was barred by FINRA. Duvall was registered with Pruco Securities, LLC in Bellevue, Washington from 2018 to 2019. Previously, he was MML Investors Services, LLC … Continue reading
There are options for clients of former Morgan Stanley broker Sumitro Pal (CRD# 4763364) who suffered investment losses. Pal has been registered with Morgan Stanley in Bethesda, Maryland from 2009 to 2018. Pal has been the subject of 10 customer … Continue reading
Erez Law recently filed a FINRA arbitration against Westpark Capital, Inc. and its broker Miguel Rivera, Jr. (CRD #3060928), who was a registered representative of Westpark Capital, Inc. in Fort Lauderdale, Florida from August 2016 through June 2018. The Erez … Continue reading
Erez Law is currently investigating brokers across the country who recommended their clients invest in RealSource Equity Services LLC. It is alleged that brokers across the country recommended their clients invest in RealSource Equity Services LLC, despite the investment not … Continue reading
In November 2020, FINRA censured and fined First Clearing, LLC $300,000 regarding non-compliant valuation information sent to more than 2,390 customers regarding their investments in Direct Participation Programs (DPPs) or Real Estate Investment Trusts (REITs). FINRA alleged that First Clearing … Continue reading