Elder Financial Abuse Archives – Page 2 Of 13

FINRA Fines Network 1 Securities Firm, Suspends AML Compliance Officer

Network 1 Securities faces a $740,000 penalty from FINRA for failing to protect against money laundering. The financial watchdog ordered the firm to pay $200,000 in fines and $534,000 in restitution on August 31, 2023. FINRA also suspended Michael Molinaro, the firm’s anti-money laundering compliance officer, and fined him $5,000. This marks his second suspension […]

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Raymond James Broker Jonathan Best Complaints Report

We recently learned about serious misconduct by Jonathan E. Best, a broker formerly affiliated with Raymond James. Best faced a three-month suspension and over $23,000 in fines from FINRA for making unauthorized trades in an elderly client’s account. This client had Alzheimer’s disease, making the case even more troubling. Between December 2017 and December 2019, Best executed 71 unauthorized

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UBS Faces $95M Arbitration Bill Due To Tesla Short Positions

UBS now faces a massive $95 million arbitration award after giving unsuitable investment advice to clients. The case, announced on March 4, 2025, centers on recommendations to short Tesla stock. We’ve seen how UBS advisors urged clients to maintain these short positions even as losses kept growing. This situation shows the real dangers of betting

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Tammie Farrell Investigation And Complaints Report

We are investigating serious complaints against Tammie Lyn Farrell, a stockbroker at Capital Investment Advisory Services, LLC in Franklin, NC. Our team at Haselkorn & Thibaut has identified seven customer disputes linked to Farrell’s investment practices. Three of these cases reached settlements, while four remain pending. The most recent dispute involves $357,000 in losses from

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Robert Leslie: Complaints And Investigation Allegations

Financial advisor Robert Leslie’s career faces serious scrutiny due to multiple investor complaints and investigation allegations. The Brooklyn-based advisor, affiliated with Infinex Investments, has sparked concerns through his 24-year career in the securities industry. Our research shows several complaints about Leslie’s investment recommendations, particularly regarding Northstar Off-Shore annuities and private REITs. A major complaint from

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