Financial Advisor Fraud Archives – Page 399 Of 413

Financial Advisor John Cangialosi Barred, To Pay $271K Restitution

New York-based financial advisor John Cangialosi has consented to the sanctions placed on him by the Financial Industry Regulatory Authority (FINRA) but has neither admitted nor denied them. The allegations against him were of unsuitable trading in three customer accounts, for which he has been suspended for 9 months by FINRA. This was in September […]

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Southport Capital “Horizon Private Equity” Ponzi Scheme Update

The number of investors swindled in the alleged Ponzi scheme masterminded by John J. Woods is understood to exceed 400. He was charged by federal regulators in August for defrauding investors by “running a massive Ponzi scheme for over a decade.” Along with Southport Investment Capital, an investment firm based in Chattanooga, Woods has been

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More Claims Filed Against UBS Yield Enhancement Strategy (YES)

The Yield Enhancement Strategy (YES) of UBS Financial has invited one more Financial Industry Regulatory Authority (FINRA) arbitration claim for UBS Financial. This one has been filed by clients of Frank Frederick Baldwin and Brian Jay Donaldson. According to their BrokerCheck report, this opens the account of customer disputes for Baldwin while for Donaldson, though

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Raul Benitez Faces Unsuitable Recommendation Complaints from Multiple Clients of Multiple Firms

Four investor complaints have been filed against Raul Benitez (CRD#: 4457185, Aventura, Florida), as revealed by the Financial Industry Regulatory Authority (FINRA) through his BrokerCheck record. Suitability and misrepresentation are the issues highlighted in one of these complaints. Benitez, on his part, has denied all allegations of violation of sales practices. Securities industry record of

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LPL Advisor Eric Hollifield Barred by FINRA! – Investor Investigation

Eric Hollifield has been discharged by his brokerage firm, LPL Financial, allegedly for his failure to disclose his outside business activities. This was in August 2021. Hollifield has also been barred by the Financial Industry Regulatory Authority (FINRA). This is on account of the alleged conversion of the funds of an elderly client and emanates

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