Financial Advisor Fraud

Investment fraud is a serious allegation that can have significant consequences for both financial advisors and their clients. Recently, a claimant alleged that an alternative investment recommendation made by Mark Just over six years ago was not in line with his needs and objectives, and was not adequately explained to him. The claimant is seeking […]

Investing in the financial markets can be a complex endeavor, and trust in one’s financial advisor is paramount. However, when allegations of malpractice are raised, it’s crucial to understand their seriousness. Recently, a customer dispute has been lodged against Gustavo Miramontes, a broker with Oppenheimer & Co. Inc., asserting claims for breach of fiduciary duty,

Investors place a great deal of trust in their financial advisors, expecting them to act in their best interests. However, when an advisor allegedly breaches this trust, the consequences can be severe. Such is the case with Gary Sauve, a registered representative of Centaurus Financial, Inc., who is currently under investigation by Haselkorn & Thibaut,

“Churning” is a well-known term in the brokerage world, referring to excessive trading of securities by brokers to earn commissions. On the flip side, there’s “reverse churning,” where minimal trading occurs in a client’s account, yet the client still incurs fees due to the broker’s annual charges. The legality of this practice is questionable, and

The Financial Industry Regulatory Authority (FINRA) has made a preliminary determination to recommend disciplinary action against Arturo Nicolayevsky, an investment advisor, not a broker. The allegation, dated September 28, 2023, and bearing the FINRA Case #20210708478, is a serious matter that merits a detailed understanding. Understanding the Allegation The allegation against Nicolayevsky revolves around the