Author: Jeff Erez
Erez Law is currently investigating Wells Fargo financial advisor Keith Alva Fontenot (CRD# 2296303) regarding overconcentration in oil and gas stocks. Fontenot has been registered with Wells Fargo in Lafayette, Louisiana since 2003. In one example of broker misconduct, a … Continue reading
Erez Law is currently investigating former Morgan Stanley financial advisor Anthony Joseph Verzi (CRD# 1186572) related to the improper excessive trading in Unit Investment Trusts (UITs). Verzi was registered with Morgan Stanley in Melbourne, Florida since 1983. UITs are exchange-traded … Continue reading
In April 2017, a former client of Oppenheimer & Co., Inc. and Raymond, James & Associates, Inc. won an award in a FINRA arbitration for compensatory damages in the amount of $81,000 for losses sustained from investments into junk bonds … Continue reading
Erez Law is currently investigating recommendations from Morgan Stanley and other brokerage firms across the country who recommended their clients invest in Seadrill Ltd., an offshore deepwater drilling contractor. Seadrill and other oil and gas companies have experienced price fluctuations … Continue reading
Erez Law is currently investigating financial advisors across the country who recommended investments in Credit Suisse Securities USA X-Links and Velocity Shares Exchanged Traded Notes (ETNs). In December 2016, the VelocityShares 3x Long Crude ETN linked to the S&P GSCI … Continue reading
In May 2017, Barclays Capital agreed to a $97 million settlement alleging that its Wealth and Investment Management Americas units sold to Stifel Financial overcharged more than 24,000 clients by $50 million in advisory fees between September 2010 and December … Continue reading
Erez Law is currently investigating former Morgan Stanley financial advisor Brian Carey Sak (CRD# 3259830) regarding an outside real estate investment. Sak was registered with Morgan Stanley in Deerfield, Illinois from 2009 to 2016. Morgan Stanley Smith Barney terminated Sak’s … Continue reading
Erez Law is currently investigating former Fidelity Brokerage Services LLC financial advisor Michael Jon DeBoer (CRD# 2114067) regarding outside business activities that lost his clients significant amounts of money. DeBoer was registered with Fidelity Brokerage Services LLC in Clearwater, Florida … Continue reading
Erez Law is currently investigating former Janney Montgomery Scott LLC financial advisor Randy Lee Bostick (CRD# 2944482) regarding recommending investment portfolios concentrated in unsuitable Puerto Rico bonds. Bostick was registered with Janney Montgomery Scott LLC in Palm Beach Gardens, Florida … Continue reading
Erez Law is currently investigating former FSC Securities Corporation financial advisor Aubrey Lee Price (CRD# 4108733) regarding bank fraud and a fraudulent investment fund. Price was last registered with FSC Securities Corporation in McDonough, Georgia from 2006 to 2008. In … Continue reading