Author: Jeff Erez
Erez Law is currently investigating former Merrill Lynch broker Sylvester Knox (CRD# 1625705) regarding investment losses due to unauthorized transactions. Knox was registered with FSC Securities Corporation in Short Hills, New Jersey from January 2017 to August 2018. Previously, he … Continue reading
Did your broker recommend you invest in Armada Waste Management LP and you saw losses in your investment portfolio? Brokers across the country recommended their clients invest in Armada Waste Management LP, which was issued by GPB Capital Holdings. GBP … Continue reading
Did you suffer losses due to investments with former Wedbush Securities Inc. broker William Heiden (CRD# 2885156)? Heiden was registered with Wedbush Securities Inc. in Newport Beach, California from 2013 to 2018. In January 2018, FINRA named Heiden as a … Continue reading
Erez Law is currently investigating former Independent Financial Group, LLC broker Jeffrey Schwebach (CRD# 1606537) regarding Woodbridge Group of Companies losses. Schwebach was registered with Independent Financial Group, LLC in Dell Rapids, South Dakota from 2010 to 2018, when he … Continue reading
Erez Law is currently investigating Cetera Investment Services LLC broker Chang Vung (CRD# 5347816) regarding real estate securities losses. Vung has been registered with Cetera Investment Services LLC in Flushing, New York since 2007. Vung has been the subject of … Continue reading
In May 2019, a former client of Morgan Stanley won an award in a FINRA arbitration for compensatory damages for $519,089, plus 8.75% interest per annum until paid in full for losses sustained from exchange traded fund (ETF) losses. The … Continue reading
Purshe Kaplan Sterling Investments settled a claim for $9.5 million related to the sale of alternative investments to a Native American tribe, Saginaw Chippewa Indian Tribe of Michigan, by former Purshe Kaplan Sterling Investments broker Gopi Vungarala (CRD# 4856193). It … Continue reading
Erez Law is currently investigating Merrill Lynch broker Jeffrey Smith (CRD# 1908011) regarding unsuitable investment recommendations. Smith has been registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated in Farmington Hills, Michigan since 1989. Smith has been the subject of … Continue reading
Erez Law is currently investigating former PFS Investments Inc. broker Derrick Trussell (CRD# 5197550) regarding unauthorized trades. Trussell was registered with PFS Investments Inc. in San Antonio, Texas from 2006 to 2017, when he was terminated regarding, “PFSI received allegation … Continue reading
In June 2019, GPB Capital Holdings reported losses in the value of two of its investment funds: GPB Holdings II and GPB Automotive Portfolio. GPB Holdings II saw a decline in value of 25.4% and GPB Automotive Portfolio have decreased … Continue reading