Author: Jeff Erez
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
In May 2019, a group of former clients of Raymond James & Associates, Inc. won an award in a FINRA arbitration for $1,790,003.17, which included $1.019 in compensatory damages, $200,000 in punitive damages, $422,000 in attorney’s fees, $14,000 in costs, … Continue reading
Former New York broker Michael Bastardi (CRD# 6015424) was barred by FINRA related to unsuitable margin trading, fraud and forgery. Bastardi was registered with the following firms throughout his short career: Chelsea Financial Services in Staten Island, New York (01/19/2018 … Continue reading
Former Windsor Street Capital, LP broker Jovannie Aquino (CRD# 4876661) was barred by the Securities and Exchange Commission (SEC) for fraud involving excessive trading in the accounts of his retail customers. Aquino was registered with Spartan Capital Securities, LLC in … Continue reading