Category: Mutual Funds Articles
Former RBC Capital Markets, LLC broker Frank Nickey (CRD# 4287405) faces a customer complaint for Puerto Rico Bonds and master limited partnership (MLP) investment losses. Nickey has been registered with Cuso Financial Services, L.P. in Newport News, Virginia since August … Continue reading
In December 2021, FINRA sanctioned Transamerica Financial Advisors $8.8 million over unsuitable sales of mutual funds, variable annuities, and 529 savings plans. The settlement included $4.4 million restitution and a $4.4 million fine to 2,400 affected customers. FINRA found that … Continue reading
Erez Law is investigating David Lerner Associates brokers across the country who recommended their clients invest in Spirit of America Fund. It is alleged that David Lerner Associates brokers recommended their clients invest in mutual funds that invested almost entirely … Continue reading
In December 2020, FINRA sanctioned Transamerica Financial Advisors, Inc. $8.8 million for supervisory violations related to variable annuities, mutual funds and 529 plans; this includes $4.4 million in restitution to 2,400 customers and a $4.4 million fine. According to FINRA, … Continue reading
Erez Law is currently investigating Cetera Advisor Networks LLC broker Michael Bell (CRD# 1130667) regarding mutual fund losses. Bell has been registered with Cetera Advisor Networks LLC in Draper, Utah and Murray, Utah since 1996. Bell has been the subject … Continue reading
There are options for clients of Tembion Capital Management, LLC broker Mark Jensen (CRD# 2748816) who suffered investment losses in LJM Capital Preservation and Growth Fund. Jensen has been registered with Tembion Capital Management, LLC in Sante Fe, New Mexico … Continue reading
Were you the victim of Kestra Investment Services, LLC broker Stephen Curry (CRD# 5207046)? Curry has been registered with Kestra Investment Services, LLC in Lake Forest, Illinois since 2007. Curry has been the subject of one customer complaint, according to … Continue reading
Kestra Investment Services, LLC broker Jerry Korchak (CRD# 1990284) faces one pending customer complaint for losses in a retirement account. Korchak has been registered with Kestra Investment Services, LLC in Rockford, Illinois since 2004. Korchak has been the subject of … Continue reading
Were you the victim of Triad Advisors LLC broker Mark Robare (CRD# 1057899)? Robare has been registered with Triad Advisors LLC in Houston, Texas since 2003. In September 2014, the Securities and Exchange Commission (SEC) sanctioned Robare to a $50,000 … Continue reading
Arbitrage Funds suffered significant declines when the market crashed due to the COVID-19 pandemic (the coronavirus of the winter and spring of 2020) and have now temporarily shut down. Some Arbitrage Funds were forced to temporarily close due to the … Continue reading