Author: Jeff Erez
Stifel, Nicolaus & Company, Incorporated and former broker Joseph Crespi (CRD# 1110919) were ordered to pay more than $3 million in fines and restitution to harmed investors who suffered investment losses; due to predatory sales practices. He was registered with … Continue reading
There are options for clients of former Centaurus Financial, Inc. broker Otto Bohon Jr. (CRD# 5677597), who is accused of GWG Holdings Inc. investment losses. He has been registered with Centaurus Financial, Inc. in Tucson, Arizona, from 2012 to 2020. … Continue reading
Were you the victim of Purshe Kaplan Sterling Investments broker William Horak (CRD# 1462594), who is accused of GWG Holdings Inc. L Bonds investment losses? He has been registered with Purshe Kaplan Sterling Investments in Tallahassee, Florida, since 2014 and … Continue reading
Erez Law is currently investigating IFP Securities, LLC broker Elio Chiarelli Jr. (CRD# 5824081) regarding GWG Holdings Inc. investments losses. He has been registered with IFP Securities, LLC in Urbandale, Iowa, from 2019 to 203. Previously, he was registered with … Continue reading
There are options for clients of Ameriprise Financial Services, LLC broker Ted Boutis (CRD# 2951760) who lose money related to unsuitable investment recommendations. He has been registered with Ameriprise Financial Services, LLC in Mineola, New York, since 1997. Ted Boutis Customer … Continue reading
There are options for clients of Aegis Capital Corp. broker M B Schreiber (CRD# 1032600) who suffered investment losses. He was registered with Aegis Capital Corp. in Red Bank, New Jersey, from 2016 to 2022, when he was terminated regarding … Continue reading
Erez Law is currently investigating Arque Capital, Ltd. broker Michael Ning (CRD# 1229733) regarding related to GWG Holdings Inc. investment losses. He has been registered with Arque Capital, Ltd. in Scottsdale, Arizona, since 2005. Michael Ning Customer Complaints He has … Continue reading
In March 2023, FINRA censured and fined Hornor Townsend & Kent $180,000 for falling short in supervising a registered representative who recommended Future Income Payments, which turned out to be a Ponzi scheme. Future Income Payments was a structured cash … Continue reading
Former UBS Financial Services Inc. broker Clifford Virgin III (CRD# 1878876) faces a customer complaint related to misappropriation. He has been registered with RBC Capital Markets, LLC in Florham Park, New Jersey, since 2021. Previously, he was registered with UBS … Continue reading
Fifty-plus year industry veteran and former Axa Advisors, LLC broker Leonard Feigenbaum (CRD# 205579) faces a customer complaint related to unsuitable life replacement recommendations. He has been registered with Pruco Securities, LLC in Rockville Centre, New York, since 2020. Previously, … Continue reading