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In August 2019, the Securities and Exchange Commission (SEC) charged former CV Brokerage, Inc. broker Brenda Smith (CRD# 4348518) with operating an investment advisory fraud in the form of a Ponzi scheme. The SEC also obtained an emergency asset freeze … Continue reading
Erez Law recently filed a FINRA arbitration against Raymond James & Associates, Inc. alleging losses due to unsuitable investment recommendations in Uniti Group Inc. real estate investment trust (REIT). Uniti is a REIT that focuses on the acquisition and construction … Continue reading
Were you the victim of former Aegis Capital Corp. broker Alan Appelbaum (CRD# 500336) who is accused of recommending unsuitable structured products that generated high commissions? Alan Appelbaum was registered with Aegis Capital Corp. in Boca Raton, Florida from 2015 … Continue reading
In July 2019, a former client of Spire Securities, LLC won an award in a FINRA arbitration for compensatory damages for $3 million for investment losses due to failure to supervise its broker. The investors were clients of financial advisor … Continue reading
In May 2019, the Securities and Exchange Commission (SEC) announced it obtained a court order halting an ongoing $30 million Ponzi scheme that targeted more than 300 investors in the U.S. and Canada. The south Florida-based Argyle Coin, LLC, was … Continue reading
Erez Law is currently investigating broker Kerry Hoffman (CRD# 1061740) regarding his role in the GT Media scam. In July 2019, the Securities and Exchange Commission (SEC) charged Thomas Conwell (CRD# 2095817) and Hoffman for fraudulently selling securities to retail … Continue reading
In August 2019, the Securities and Exchange Commission (SEC) charged Tallahassee-based investment adviser firm Cambridge Capital Group Advisors, LLC (f/k/a Cambridge Capital Advisors, LLC); Cambridge’s president Phillip Timothy Howard, a Florida attorney who represented the retired players in the class … Continue reading
Erez Law is currently investigating Aegis Capital Corp. and its brokers across the country who recommended unsuitable GPB Capital Holdings investments. GPB Capital Holdings is a New York-based investment firm that offers exempt, private-placement securities that inherently have a high … Continue reading
In August 2019, the Securities and Exchange Commission (SEC) charged 1 Global Capital LLC’s former chief financial officer, Alan Heide, with defrauding retail investors. The SEC’s complaint Heide with violations of the antifraud provisions of the federal securities laws. According … Continue reading
In May 2019, the Securities and Exchange Commission (SEC) charged owner and operator of River Source Wealth Management, LLC Stephen Anderson (CRD# 4062846) with defrauding clients by overcharging advisory fees of at least $367,000. River Source Wealth Management, LLC is … Continue reading