Robert Turner, a former UBS financial advisor, based in Texas is being pursued by his one-time employer UBS for misappropriation of funds and causing losses exceeding $17 million in the accounts of 23 customers of the firm. The period of the alleged wrongdoing is a fairly stretched-out period lasting 24 years according to KWTX, based […]
Former UBS Financial Advisor Robert Turner Sued For $17M Customer Fraud Read More »
Brookfield managed private real estate trusts are set to acquire the publicly registered non-traded real estate investment trust (REIT), Watermark Lodging Trust, Inc. It will be an all-cash transaction and the price agreed is $3.8 billion, taking into account the assumption of debt as well as preferred equity. Unfortunately, many Watermark REIT investors will receive
Brookfield Finalizes Watermark Lodging Trust REIT Acquisition in Cash for $3.8B Read More »
Haselkorn & Thibaut are currently investigating Aegis Capital for several issues including the sales of GWG Holdings L Bonds and other investment products. It is alleged that financial advisors at Aegis Capital did several things including misrepresenting the true risk of the investment, overconcentrated the holdings of clients, and not properly supervising. In January, GWG
Aegis Capital Investigation For GWG Holdings L Bonds Read More »
After concealing the risks faced by a set of its fund managers that crashed during global market fluctuations, an Allianz Structured Alpha (SE) unit will plead guilty to wrongdoing and has agreed to pay $5.8 billion. Allianz Global Investors US, a fully owned subsidiary of the German insurer, shall admit guilt to a federal charge
Allianz Structured Alpha: Allianz SE Pleads Guilty and Agrees to Pay $5.8 Billion Read More »
The Securities and Exchange Commission (SEC) has been successful in obtaining a final judgment against Steven Muntin, a registered investment advisor who worked with Taylor & Morgan Asset Management (TMA) for four years, on a charge of having defrauded a client out of over $314,000. Michigan-based Muntin has been ordered by a district court in
Steven Muntin (Taylor & Morgan Asset Management) Fined $314K For Fraud on Elderly Client Read More »