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In May 2017, Puerto Rico filed for bankruptcy protection from creditors in what is being described as the largest municipal bankruptcy filing in history. Court protection from litigation as part of the debt-relief law (Title III) passed by Congress in … Continue reading
Erez Law is currently investigating J.P. Morgan financial advisors across the country who recommended an investment strategy concentrated in the volatile energy sector. A retired widow and novice investor from Wisconsin recently filed a FINRA arbitration against J.P. Morgan for … Continue reading
Erez Law is currently investigating former Meyers Associates, L.P. financial advisor David Leonard Sheppard (CRD# 2527279) regarding excessive trading and churning in customer accounts. Sheppard was with Meyers Associates, L.P. in New York, New York from December 2015 to October … Continue reading
Erez Law is currently investigating former Lincoln Investment financial advisor Walter Joseph Marino (CRD# 2121623) regarding misrepresentation, suitability and excessive commissions. Marino was registered with Benjamin Securities, Inc. in Hauppauge, New York from November to December 2016. He was previously … Continue reading
Erez Law is currently investigating financial advisor Demitrios Hallas (CRD# 4199832) regarding excessive trading and churning in customer accounts. Hallas was last registered with PHX Financial, Inc. in New York, New York in from August to December 2015. Previously he … Continue reading
In April 2017, Government Development Bank (GDB) for Puerto Rico decided to liquidate and proposed a fiscal plan that calls for winding down its operations during the next 10 years. The bank can’t repay its obligations to bondholders and is … Continue reading
Erez Law is currently investigating former Triad Advisors, Inc. financial advisor Christopher Thomas Tolmacs (CRD# 4648724) regarding a promissory note scheme. Tolmacs was registered with Triad Advisors, Inc. in Portage, Michigan from 2008 to 2016. FINRA has barred Tolmacs from … Continue reading
Erez Law is currently investigating former Caldwell International Securities financial advisor Lucas Dylan Lichtman (CRD# 5542092) regarding unsuitable recommendations. Lichtman has been registered with Caldwell International Securities in Englewood Cliffs, New Jersey from 2011 to 2016. FINRA has suspended Lichtman … Continue reading
Erez Law is currently investigating LaSalle St. Securities, L.L.C. financial advisor Joel Martin Weiner (CRD# 1648997) regarding unsuitable investments and an unapproved outside business activity. Weiner has been registered with LaSalle St. Securities, L.L.C. in Boynton Beach, Florida from 1995 … Continue reading
Erez Law is currently investigating former Raymond James & Associates financial advisor Paul McLellan Alexander Jr. (CRD# 4285605) regarding use of discretion and unauthorized trading in customer accounts. Alexander was registered with Raymond James & Associates in Palm Beach Gardens, … Continue reading