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Erez Law is currently investigating former Morgan Stanley Smith Barney, LLC financial advisor Patrick Dennis Combs (CRD# 2720909) regarding an outside investment with a Morgan Stanley customer and a private sports drink company. Combs was registered with IMS Securities, Inc. … Continue reading
Erez Law is currently investigating Wells Fargo financial advisor John Bradford Leonard (CRD# 2113842) regarding losses from oil and gas investments. Leonard was registered with Wells Fargo in Toledo, Ohio from 2008 to 2016. In one example of broker misconduct, … Continue reading
Erez Law is currently investigating LPL Financial LLC financial advisor Karl Horace Romero (CRD# 403473) regarding unsuitable investment recommendations. Romero was registered with LPL Financial in Santa Ana, California from 1989 to 2016. Romero is currently not registered with any … Continue reading
On March 13, Puerto Rico’s Financial Oversight and Management Board released a 10-year fiscal plan which sets to manage the their financial overhaul thorough meaningful talks with creditors who hold more than $70 billion of defaulted debt. According to the … Continue reading
Erez Law is investigating multiple customer complaints against UBS Financial Services for improper sales practices by UBS financial advisors in the sale of Vanguard Natural Resources. Vanguard Natural Resources is a publicly traded limited liability company focused on the acquisition, … Continue reading
Erez Law is currently investigating former BBVA Securities Inc. financial advisor Eric S. Darty (CRD# 6314905) regarding unauthorized transactions in customer accounts. Dart was registered with BBVA Securities in Birmingham, Alabama from 2014 to 2016 before the brokerage firm terminated … Continue reading
Erez Law is currently investigating recommendations by UBS Financial Services financial advisors across the country regarding investments in UBS Trigger Yield Optimization Notes. UBS Trigger Yield Optimization Notes are convertible debt securities that provide investors with an increase in the … Continue reading
Erez Law is currently investigating recommendations from Merrill Lynch, Pierce, Fenner & Smith Inc. brokers who recommended sales of two oil and gas Master Limited Partnership investments: EV Energy Partners and Memorial Production Partners LP. The MLPs are limited partnership … Continue reading
Erez Law is currently investigating claims against 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 … Continue reading
In 2012, the suitability rules the Financial Industry Regulatory Authority (FINRA) uses changed. Rule 2111 clarified and codified many precedents that were previously upheld and interpreted through case law. Rule 2111 replaces NASD Rule 2310 and offers clear standards that … Continue reading