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Erez Law is currently investigating financial advisors across the country who recommended investments in Credit Suisse Securities USA X-Links and Velocity Shares Exchanged Traded Notes (ETNs). In December 2016, the VelocityShares 3x Long Crude ETN linked to the S&P GSCI … Continue reading
In May 2017, Barclays Capital agreed to a $97 million settlement alleging that its Wealth and Investment Management Americas units sold to Stifel Financial overcharged more than 24,000 clients by $50 million in advisory fees between September 2010 and December … Continue reading
Erez Law is currently investigating former Morgan Stanley financial advisor Brian Carey Sak (CRD# 3259830) regarding an outside real estate investment. Sak was registered with Morgan Stanley in Deerfield, Illinois from 2009 to 2016. Morgan Stanley Smith Barney terminated Sak’s … Continue reading
Erez Law is currently investigating former Fidelity Brokerage Services LLC financial advisor Michael Jon DeBoer (CRD# 2114067) regarding outside business activities that lost his clients significant amounts of money. DeBoer was registered with Fidelity Brokerage Services LLC in Clearwater, Florida … Continue reading
Erez Law is currently investigating former Janney Montgomery Scott LLC financial advisor Randy Lee Bostick (CRD# 2944482) regarding recommending investment portfolios concentrated in unsuitable Puerto Rico bonds. Bostick was registered with Janney Montgomery Scott LLC in Palm Beach Gardens, Florida … Continue reading
Erez Law is currently investigating former FSC Securities Corporation financial advisor Aubrey Lee Price (CRD# 4108733) regarding bank fraud and a fraudulent investment fund. Price was last registered with FSC Securities Corporation in McDonough, Georgia from 2006 to 2008. In … Continue reading
Erez Law is currently investigating recommendations from brokerage firms across the country who recommended investments in ProShares Ultra VIX Short Term Futures Exchange Traded Funds (UVXY). UVXY provides leveraged exposure to the S&P 500 VIX Short-Term Futures Index, which measures … Continue reading
Erez Law is currently investigating former UBS Financial Services Inc. and Morgan Stanley financial advisor John Batista Bocchino (CRD# 2876260), who was recently barred by FINRA regarding concealing approximately $190 million in Venezuelan bond trades from his former member firm … Continue reading
Erez Law is currently investigating Capital Financial Services, Inc. financial advisor Steven Roland Knuttila (CRD# 3039112) regarding unsuitable recommendations in the high risk oil and real estate sectors. Knuttila has been registered with Capital Financial Services, Inc. in Perham, Minnesota … Continue reading
Erez Law is currently investigating former PFS Investments Inc. financial advisor Barkley JW Lundy Jr. (aka Mike Lundy Jr.) (CRD# 2260127) regarding a $4.2 million Ponzi-like scheme. Lundy was registered with PFS Investments Inc. in Rapid City, South Dakota from … Continue reading