Lone Star National Bank

Investors Awarded $2.5 Million From Lone Star National Bank (LPL)

Two investors were awarded $2.57 million from Lone Star National Bank, an affiliate of LPL Financial. Quite unusually, this is the second time these claimants have been successful in receiving an award for damages against LPL. Lightning never strikes twice. LPL Financial might disagree. Juan Angel Ibarra Rodriguez and Myriam Rodriguez Gonzalez, who sought damages […]

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SEC Fines Private Advisor Group $5.8 Million For High Fee Mutual Funds

The United States Securities and Exchange Commission (SEC) announced on Friday that it has imposed a fine against Private Advisor Group in the amount of $5.8 million because the company advised clients to invest in high-fee mutual funds and failed to disclose any conflicts of interest that were associated with those recommendations. Both broker-dealers and

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National Realty Investment Advisors (NRIA)

SEC Investigates National Realty Investment Advisors (NRIA) For $630 Million Fraud

A cease and desist has been issued against the National Realty Investment Advisors (NRIA) by the New Jersey Bureau of Securities after the determination of a securities fraud from 2018 through 2022, amounting to approximately $630 million. The NRIA Fund has 1,800 investors from around the country, 380 of them being from New Jersey, as

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