Antoine Souma (Galliott Capital Advisors) Suspended and Fined For Inaccurate Reports!

Financial Advisor and Stockbroker Fraud / December 7, 2021 December 7, 2021

One-time top-ranked broker Antoine Souma (Galliott Capital Advisors) has agreed to a fine of $20,000 and a suspension of two months, levied by the Financial Industry Regulatory Authority (FINRA). Allegations against Souma, who, in 2016, was ranked at number 76 in the list of top 100 financial advisors produced by Barron’s, and headed a team …

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Ameriprise Complaints: Broker James Dunn Facing 5 Customer Claims for a Total of $1.5M

Financial Advisor and Stockbroker Fraud / December 2, 2021 December 2, 2021

If you are an investor who has had dealings with Ameriprise stockbroker James Dunn and has either suffered losses or suspected wrongdoing, you are advised to seek expert guidance. At Haselkorn & Thibaut, we have been contacted by several victims of the Virginia-based broker and are undertaking free reviews of their cases. Dunn has a …

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Aegis Capital Corp Fined $2.8M For Excessive Trading and Unsuitability

Financial Advisor and Stockbroker Fraud / November 24, 2021 November 24, 2021

A customer’s complaint about churning, and partly a self-directed examination, has resulted in Aegis Capital Corporation being sanctioned by the Financial Industry Regulatory Authority (FINRA), primarily for the unsuitable, excessive trading in the accounts of many of its customers. 68 customers found harmed by the activities will receive $1.7 million in restitution from the firm. …

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Hospitality Investors Trust REIT Lawsuit “FINRA” and Bankruptcy Filing

Financial Advisor and Stockbroker Fraud / November 23, 2021 November 23, 2021

Hospitality Investors Trust Inc. (HIT REIT), formerly American Realty Capital Hospitality Trust (ARC), filed for creditor protection according to the United States Bankruptcy Court in Deleware. The Covid-19 pandemic looks poised to strike at the business of non-traded but publicly registered Real Estate Investment Trust (REIT), but we have warned investors for over a year now about the …

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Preying on Seniors and Churchgoers, “Doc” Gallagher Loots $32 Million in Ponzi Scam

Financial Advisor and Stockbroker Fraud, Investment Lawsuit / November 17, 2021 November 17, 2021

William Neil “Doc” Gallagher ran a Ponzi scheme that bilked $32 million off investors over several years. He exploited the elderly and particularly worked his way around churchgoers who believed he was a Christian like them. Many of his victims don’t know how they are going to live. Here are what two of the victims …

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