Investment Fraud Lawyers

Morgan Stanley Advisor Doug McKelvey Confesses to Embezzling From Family

Doug McKelvey, an ex-broker from Morgan Stanley, based in Southlake, Texas, confessed to embezzling over $1.5 million from his mother and mother-in-law, as per the U.S. Attorney’s Office in the Eastern District of Texas. Doug M. McKelvey, aged 58, conceded to money laundering charges and potentially faces a decade in prison, announced the U.S. Attorney’s […]

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Five Types of Selling Away – What To Watch Out For And What To Do If You Already Invested

Selling away is a phrase used to describe the inappropriate practice of an investment professional (financial adviser or stockbroker) offering investments outside or away from the firm; implemented, the brokers sell those that his/her firm has approved for sale to the public. The investments are not on the employing firm’s approved investment product list, nor

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Do Brokers Have a Fiduciary Duty?

When you work with a broker, you are trusting that they have your best interests in mind. However, when it comes to the legal responsibilities of brokers, many people are left wondering if they have a fiduciary duty to their clients. A fiduciary duty is the highest standard of care that one party owes to

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Cetera Financial Group Investigated By Investment Fraud Lawyers 2023

Are you working with Cetera Financial Group and concerned about the investment advice you received? In this comprehensive review, we delve into the inner workings of Cetera Financial Group, exploring their services, complaint history, fee structure, regulatory disclosures, and employee experiences. Many victims of investment fraud by financial advisors think losses were due to market

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Can Brokers Steal Your Money? Understanding Broker Fraud and Protecting Your Investments

Brokers are individuals or firms that act as intermediaries between other firms and buyers and sellers of securities in the financial market. Their primary function is to execute trades on behalf of their clients and provide advice on investment decisions. We are asked all the time, “Can Brokers Steal Your Money?” The short answer is

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