Eric Diamond, a broker and investment advisor at Fidelity BROKERAGE SERVICES LLC (CRD 7784), is facing a serious customer dispute alleging a failure to disclose potential principal loss in fixed income mutual funds and unsuitability of investments. The institutional customer, an SEC-registered public company, filed the complaint on August 21, 2023, seeking damages of $25,000,000. […]
In a recent development, a serious allegation has been brought against Stephen Smith, a financial advisor at Wells Fargo Clearing Services, LLC. The customer dispute, filed on August 21, 2023, and currently pending, accuses Smith of violating his duties by failing to prevent unauthorized trades in the account of an elderly client with declining health.
Stephen Smith at Wells Fargo Accused in Major Unauthorized Trading Allegation Read More »
Fidelity Brokerage Services LLC and its representative, Kelly Johnston, are currently facing a serious customer dispute alleging a failure to disclose the potential for principal loss in fixed income mutual funds and the unsuitability of these investments for the institutional customer, an SEC-registered public company. The pending dispute, filed on August 21, 2023, involves a
Many Florida seniors face a big problem: losing money to scams. In 2023, fraudsters tricked them out of $300 million. This blog post breaks down the types of scams, like internet crime and romance scams, showing you how deep the issue goes. Keep reading to learn more. Key Takeaways In 2023, scammers stole $300 million
Florida Seniors Swindled Of $300M In 2023: FBI Reports Fraud Read More »
In a recent development that has sent shockwaves through the financial industry, a serious allegation has been brought against Garth Lurvey, a broker and investment advisor associated with LPL Financial LLC and Private Client Services, LLC. According to the pending customer dispute filed on August 21, 2023, the customer alleges that during the period from
Garth Lurvey of LPL Financial Accused of Unsuitable Investment Advice Read More »