Category: Ponzi Scheme
Barred former Wells Fargo broker James Seijas (CRD# 2392901) is alleged to play a pivotal role in the $35 million Ponzi scheme with the Q3 Trading Club. He was registered with Wells Fargo in Short Hills, New Jersey from 2013 … Continue reading
Can you recover investment losses due to recommendations by broker Stephen Swensen (CRD# 2885578) regarding the Crew Capital Ponzi scheme? He was registered with J.W. Cole Financial, Inc. in Clearfield, Utah, from May to July 2018, and with Allegis Investment … Continue reading
Were you the victim of former Spartan Capital Securities, LLC broker Gabriel Edelman (CRD# 5778763), who is accused of unsuitable investment recommendations? He was registered with Spartan Capital Securities, LLC in New York, New York, from 2010 to 2019. In … Continue reading
In May 2023, former clients of Oppenheimer & Co., Inc. won an award in a FINRA arbitration for $6.9 million in compensatory damages plus interest until the date of payment of the award as well as $6.9 million in punitive … 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
In March 2023, a former client of Oppenheimer & Co., Inc. won an award in a FINRA arbitration for compensatory damages for $1,483,670 for losses sustained from investments in the Horizon Private Equity III fund. The claimants originally sought $2.5 … Continue reading
Former PFS Investments Inc. broker Steven Hirata (CRD# 1188927) faces a customer complaint for an alleged Ponzi-scheme. He has been registered with PFS Investments Inc. in Fresno, California from 2010 to 2021, when he was terminated regarding, “representative admitted to … Continue reading
Can I recover losses from investments with former Henley & Company LLC broker Barbaraann Bernatzky (CRD# 2535421) regarding her involvement in a Ponzi scheme. She has been registered with Henley & Company LLC in Shoreham, New York from 2006 to … Continue reading
Erez Law is currently investigating former Morgan Stanley broker Shawn Good (CRD# 2022168) regarding a 10-year Ponzi scheme. He was registered with Morgan Stanley in Wilmington, North Carolina from 2012 to 2022. Public records indicate that he was terminated by … Continue reading
Erez Law is currently investigating former Henley & Co. broker Philip Incorvia (CRD# 708138) who is alleged to run a Ponzi-like scheme. Philip Incorvia was registered with Henley & Company LLC in Shoreham, New York from 2006 to 2021. Philip Incorvia … Continue reading