On September 18, 2023, the Securities and Exchange Commission (“Commission”) instituted cease-and-desist proceedings against Pierre Economacos, a registered representative at a registered broker-dealer (the “Firm”). The seriousness of this allegation arises from Economacos’s failure to report suspicious and unusual transactions in a brokerage account of his long-time customer (the “Customer”). These transactions surrounded the announcement […]

The Securities and Exchange Commission (SEC) recently instituted public administrative and cease-and-desist proceedings against Summit Planning Group, Inc. (Summit) and Richard Urciuoli, the firm’s sole owner and investment advisor representative. This measure was deemed appropriate and in the public interest, given the seriousness of the allegations against them. Allegation’s Seriousness and Case Information The allegations

Investors are advised to take allegations of financial malpractice seriously, as these can have far-reaching implications on their investments. A recent case involving a financial advisor, Marco Diflorio, and his company, NYLIFE SECURITIES LLC, highlights the gravity of such allegations. The customer dispute, settled on 9/19/2023, alleged that the customer was misled about surrender charges

In the world of finance, allegations of malpractice, especially unauthorized trading, can have serious implications. Recently, a case has come to light involving Earl Hamilton, a broker and investment advisor currently associated with Raymond James Financial Services, Inc. The case is under investigation by Haselkorn & Thibaut, a national investment fraud law firm with a