Elder Fraud Crisis: Executor Embezzles $3.7 Million From Dementia Patient

Elder fraud is a growing crisis in our society. The term “Elder Fraud Crisis” refers to the rising problem of older adults losing money through scams and financial abuse. One recent headline, “Executor Embezzles $3.7 Million From Dementia Patient,” shows how serious this issue can be for families and investors like us. A 66-year-old trustee […]

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Morgan Stanley Advisor Fletcher King Named in Customer Dispute Over Investment Advice

In a recent development, Morgan Stanley advisor Fletcher King has been named in a customer dispute alleging that investments recommended for the client were not in her best interests. The complaint, filed by the client’s attorney, raises concerns about the suitability of the investment advice provided by King during the period of 2021-2023. According to

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Sanford Schmidt of The Leaders Group Inc Implicated in Major Customer Dispute Allegations

In a recent development, Sanford Schmidt, a broker and investment advisor associated with The Leaders Group, Inc. (CRD 37157) in Colorado, has been named in a customer dispute filed on February 1, 2024. The allegations against Schmidt include violations of the Securities Law of 1953, the Illinois Consumer Fraud and Deceptive Business Practices Act, fraudulent

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Daniel Todd Lerner (White Plains Broker) Sanctioned For Risky Recommendation

Daniel Todd Lerner, a securities broker at David Lerner Associates in White Plains, was sanctioned by FINRA on May 20, 2025. This Daniel Todd Lerner case involves regulatory action taken against the experienced broker who has worked in the securities industry since 1985. Brokers are required to consider their clients’ best interests when making investment

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Eric Reed of MML Investors Services Accused of Limiting Investment Options

Eric Reed, a broker and investment advisor associated with MML Investors Services, LLC, is facing allegations from a trustee who claims that he was not presented with any options other than the five variable universal life insurance policies he purchased in December 2021. The case, filed with FINRA on February 1, 2024, is currently pending

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