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Erez Law continues to investigate former Morgan Stanley financial advisor Edward Barger (CRD# 1360282) regarding a reckless and unsuitable concentration in speculative energy sector investments (see previous post on Barger from February 2017 here). Barger was registered with Morgan Stanley … Continue reading
Erez Law is currently investigating H. Beck, Inc. financial advisor James Dresselaers (CRD# 1106109) regarding his recommendations to invest in unsuitable exchange-traded funds (ETFs). Dresselaers has been registered with H. Beck, Inc. in Bethesda, Maryland since 2003. In October 2017, … Continue reading
Erez Law is currently investigating Morgan Stanley Smith Barney LLC financial advisors across the country regarding short-term trades of unit investment trusts (UITs). According to the FINRA news release, the regulatory agency fined Morgan Stanley $3.25 million and required the … Continue reading
In June 2017, a former client won a FINRA arbitration against UBS Financial Services for $793,077.61 due to losses sustained from investments in Puerto Rico bonds. Erez Law is currently investigating UBS Financial Services financial advisors across the country who … Continue reading
Erez Law is currently investigating brokerage firms and financial advisors across the country who recommended investments in RMA Strategic Opportunity Fund, LLC, a pooled investment hedge fund that operated as a multi-million dollar Ponzi-like scheme. According to a statement by … Continue reading
Erez Law is currently investigating Wells Fargo financial advisor Alan Rose (CRD# 1157972) regarding unsuitable recommendations related to Puerto Rico bonds. Rose has been registered with Wells Fargo in Melville, New York since 2013. Rose has been the subject of … Continue reading
Erez Law is currently investigating former Morgan Stanley financial advisor Anthony Ferrone (CRD# 1192506) regarding unsuitable trading of unit investment trusts (UITs). Ferrone has been registered with Ameriprise Financial Services, Inc. in Paramus, New Jersey from September 2016 to April … Continue reading
Erez Law is currently investigating recommendations from 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 over the past few … Continue reading
Erez Law is currently investigating Oppenheimer & Co. Inc. financial advisor Paul Colchamiro (CRD# 2039083) regarding investments in equities and closed-end funds. Colchamiro has been registered with Oppenheimer & Co. Inc. Melville, New York since 1998. Colchamiro has been the … Continue reading
According to a new story in Investment News, former Morgan Stanley broker Angel Aquino-Velez, sold his clients on the sales tax revenue-based Puerto Rico Cofina bonds. The bonds were sold to investors as attractive options with triple tax-free status but … Continue reading