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UBS’ Puerto Rico focused closed-end funds (“CEFs”) dropped more than 20% in October. Erez Law is still accepting cases for Puerto Rico and mainland based investors who held or hold these CEFs. Puerto Rico suffers from long-term financial and economic … Continue reading
Erez Law is currently investigating former RBC Capital Markets, LLC financial advisor Lisa J. Lowi (CRD # 1347790) regarding recommendations for speculative and unsuitable investment strategies of high risk “junk” oil and gas bonds tied to the energy sector. Lowi … Continue reading
Erez Law is currently investigating Wedbush Securities Inc. financial advisor Mark Heiden (CRD# 2885156) who recommended his elderly clients invest in unsuitably risky, high-commission energy limited partnerships. Heiden has been registered with Wedbush Securities Inc. in Newport Beach, California since … Continue reading
Erez Law is currently investigating former LPL Financial LLC investment adviser and registered representative Sonya Camarco (CRD# 2427529) regarding misappropriating more than $2.8 million in investor funds from her clients and customers. Camarco was registered with LPL Financial LLC in … Continue reading
In October 2017, a former client of RBC Capital Markets, LLC won an award in a FINRA arbitration for compensatory damages for $688,079 for losses sustained from losses suffered due to investments in oil and gas securities. The investors were … Continue reading
Erez Law is currently investigating LPL Financial LLC financial advisor Charles Fackrell (CRD# 5369665) regarding securities fraud and involvement in a $1.4 million Ponzi scheme. Fackrell was registered with LPL Financial in Yadkinville, North Carolina from 2010 to 2014. In … Continue reading
Erez Law is currently investigating former Merrill Lynch, Pierce, Fenner & Smith Incorporated financial advisor Thomas Buck (CRD# 1024868) regarding false representations and omissions to clients regarding fees and commissions charged in their accounts and unauthorized trades in client accounts … Continue reading
In October 2017, a former client of David Lerner Associates, Inc. won an award in a FINRA arbitration for compensatory damages for $205,497 for losses sustained due to investments in unsuitable Puerto Rico bonds. The investors were clients of financial … Continue reading
In October 2017, a former client of Stifel, Nicolaus & Company, Inc. won an award in a FINRA arbitration for compensatory damages for $90,000 for losses sustained from investments in the high risk energy sector and other investments. The investors … Continue reading
Erez Law is currently investigating LPL Financial LLC financial advisors across the country regarding excessive amounts of alternative investments in client portfolios. In October 2017, the State of New Jersey, Bureau of Securities fined LPL Financial LLC $950,000 and ordered … Continue reading