Author: Jeff Erez
Erez Law is currently investigating former Morgan Stanley financial advisor Guillermo Valladolid (CRD# 4553357) regarding selling away. When a financial advisor sells an investment to a client without his brokerage firm’s permission, the broker is selling investments away from the … Continue reading
In January 2018, a former client of Madison Avenue Securities, LLC won a FINRA arbitration for $2,186,492.30 in damages for losses sustained due to excessive trading, unauthorized trading, unsuitable trading, breach of fiduciary duty and failure to supervise. The customer’s … Continue reading
In January 2018, a former client of Morgan Stanley Smith Barney LLC broker John Yeoman (CRD #867840) settled a FINRA arbitration case for wherein he sought compensatory damages for losses sustained from unsuitability of stock positions in Energy Transfer Equity; … Continue reading
Former clients of UBS Financial Services, Inc. settled three FINRA arbitrations for losses sustained from investments in high risk oil and gas stocks. The investors were clients of financial advisors John Carolyn (CRD# 4485799) and Alfred Kovacs (CRD# 1338713). In … Continue reading
Erez Law is currently investigating Wunderlich Securities, Inc. financial advisor Jack McBride (CRD# 2517946) regarding unsuitable investments and other securities violations. McBride has been registered with Wunderlich Securities, Inc. in Birmingham, Michigan since 2014. Previously, he was registered with Ameriprise … Continue reading
Erez Law is currently investigating former Legend Equities Corporation financial advisor Walter Marino (CRD# 2121623) regarding unsuitable recommendations and excessive commissions in customer accounts. Marino was registered with Marino was registered with Benjamin Securities, Inc. in Hauppauge, New York from … Continue reading
Erez Law is currently investigating former Bolton Global Capital financial advisor Paul Smith (CRD# 1070735) regarding The Haverford Group, a partnership that Smith formed to serve as a pooled investment vehicle that operated in a Ponzi-like manner. Smith was registered … Continue reading
Erez Law is currently investigating former Royal Alliance Associates, Inc. financial advisor Mark Perry (CRD# 1219294) regarding unsuitable investment recommendations to elderly clients. Perry was registered with Independent Financial Group, LLC in Mt. Pleasant, South Carolina from April to September … Continue reading
Erez Law is currently investigating First Financial Equity Corporation financial advisor Joseph Yanofsky (CRD# 870054) regarding discretionary trading, unauthorized trading, excessive trading and unsuitable investments. Yanofsky has been registered with First Financial Equity Corporation in Greenwood Village, Colorado since 2015. … Continue reading
Erez Law is currently investigating Citigroup Global Markets Inc. financial advisors across the country following a FINRA sanction for displaying inaccurate research ratings. In December 2017, FINRA fined Citigroup Global Markets Inc. $5.5 million and required the firm to pay … Continue reading