In deciding whether to award a dispute to a FINRA arbitrator, both parties must agree to the rules of the proceeding. FINRA arbitrators sit in equity rather than law, but they are not required to be attorneys. Because of this, some parties may disagree with their decision and request that an arbitrator is struck. FINRA […]
FINRA Arbitration vs. Court-Appointed Arbitrators Read More »
If you’re unsure if your financial advisor is dishonest, read these four red flags. Financial advisors make unsuitable investment recommendations, misrepresent their credentials, and fail to disclose risk. The first red flag is the one you probably don’t see coming: failure to disclose risk. However, even if the financial advisor’s credentials aren’t questionable, these indicators
Four Red Flags of Financial Advisor Fraud Read More »
An investor from California has filed a Financial Industry Regulatory Authority (FINRA) arbitration claim for recovery of investment losses on account of unsuitable recommendations made by broker Peter Po of NI Advisors. The investment that led to losses for this investor was L Bonds of GWG Holdings (NASDAQ: GWGH), a known high-risk product considered unsuitable
Investor Files Complaint Against NI Advisors For GWG Holdings L Bonds Read More »
Center Street Securities (CSS) are at the receiving end of a six-figure claim filed through the FINRA (Financial Industry Regulatory Authority) arbitration process by a Missouri retired couple. The claim is for recovery of losses sustained in their investment in GWG Holdings Inc. (NASDAQ: GWGH). Unfortunately, the investors were facing health issues, both have little
Center Street Securities Customer Files Complaint For GWG Holdings L Bonds Read More »
Robert Wolfe, a stockbroker previously affiliated at Goldman Sachs Co. LLC, was terminated as a broker based on allegations that he handled client complaints without informing Goldman Sachs Financial Management. Wolfe had been charged with improper customer interactions involving market values and portfolio diversification. He was also accused of resolving client complaints without approval or
Robert Wolfe Fired By Goldman Sachs Over Client Complaints (Cetera) Read More »