Four investor complaints have been filed against Raul Benitez (CRD#: 4457185, Aventura, Florida), as revealed by the Financial Industry Regulatory Authority (FINRA) through his BrokerCheck record. Suitability and misrepresentation are the issues highlighted in one of these complaints. Benitez, on his part, has denied all allegations of violation of sales practices. Securities industry record of …
Eric Hollifield has been discharged by his brokerage firm, LPL Financial, allegedly for his failure to disclose his outside business activities. This was in August 2021. Hollifield has also been barred by the Financial Industry Regulatory Authority (FINRA). This is on account of the alleged conversion of the funds of an elderly client and emanates …
LPL Advisor Eric Hollifield Barred by FINRA! – Investor Investigation Read More »
The SEC alleges Laguna Niguel, California-based TCFG Investment Advisors, LLC, TCFG affiliate broker-dealer TCFG Wealth Management, LLC, (TCFG Wealth) and Richard James Roberts – its president, CEO, and member of management – with making materially false and misleading statements and omissions related to ICT advisory client fee markings. An SEC complaint was filed at the …
TCFG Wealth Management Advisor Charged By SEC – Investor Investigation Read More »
The tally of investors seeking compensation from their broker-dealer for losses incurred on account of their unsuitable recommendation of Northstar Financial Services (Bermuda), which has filed for bankruptcy and is undergoing liquidation proceedings. keeps rising. The latest is an elderly investor from Venezuela, who is seeking a six-figure sum as compensation from his brokerage firm …
UBS Wealth Management lost a couple of key FINRA arbitration cases this past week on Yield Enhancement Strategy (known as YES). The full $269,337.09 loss plus prejudgment interest of $45,009.80, to Robert and Marcia Shinbrot. The full $421,868.58 loss plus prejudgment interest of $70,499.93, to Nicholas and Brigit Trentalange. In addition, all costs and fees, …
UBS Loses Big Claim On Yield Enhancement Strategy (YES) Read More »