Investment Fraud Lawyers, Author At Investment Fraud Lawyers

Equitable Financial Agrees to Settle Fraud on Public School Teachers for $50 Million

Equitable Financial Life Insurance Company was charged with fraud by the SEC (Securities and Exchange Commission). This was pursuant to the company’s omissions and misleading statements regarding fees charged to investors that were made on the account statements issued to around 1.4 million variable annuity investors. The impact investors are primarily public school staff members […]

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Elderly Client Alleges Fraud By Well Fargo Advisor Robert Kreifels

Wells Fargo Advisors is the subject of an exploitative and fraudulent conduct lawsuit filed by Karen E. Henderson, an elderly female client. The primary reason appears to be that Robert Kreifels, the broker advising her, did not stop her from lending over $337K to his (broker’s) sister and her husband. The complaint was initially filed

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Investors Awarded $2.5 Million From Lone Star National Bank (LPL)

Two investors were awarded $2.57 million from Lone Star National Bank, an affiliate of LPL Financial. Quite unusually, this is the second time these claimants have been successful in receiving an award for damages against LPL. Lightning never strikes twice. LPL Financial might disagree. Juan Angel Ibarra Rodriguez and Myriam Rodriguez Gonzalez, who sought damages

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SEC Fines Private Advisor Group $5.8 Million For High Fee Mutual Funds

The United States Securities and Exchange Commission (SEC) announced on Friday that it has imposed a fine against Private Advisor Group in the amount of $5.8 million because the company advised clients to invest in high-fee mutual funds and failed to disclose any conflicts of interest that were associated with those recommendations. Both broker-dealers and

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SEC Investigates National Realty Investment Advisors (NRIA) For $630 Million Fraud

A cease and desist has been issued against the National Realty Investment Advisors (NRIA) by the New Jersey Bureau of Securities after the determination of a securities fraud from 2018 through 2022, amounting to approximately $630 million. The NRIA Fund has 1,800 investors from around the country, 380 of them being from New Jersey, as

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