Financial Advisor Fraud Archives – Page 428 Of 452

SEC Investigates National Realty Investment Advisors (NRIA) For $630 Million Fraud

A cease and desist has been issued against the National Realty Investment Advisors (NRIA) by the New Jersey Bureau of Securities after the determination of a securities fraud from 2018 through 2022, amounting to approximately $630 million. The NRIA Fund has 1,800 investors from around the country, 380 of them being from New Jersey, as […]

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Retiree Recovers Full GWG L Bonds Investment Through FINRA Claim

A woman retiree has been successful in recovering part of her investment in the GWG L Bonds of GWG Holdings. The company is now under Chapter 11 bankruptcy protection, with as many as 17,000 investors facing the prospect of losing a large part of their investment. It was alleged in the claim that the illiquid,

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Bill Burks Centaurus Complaints GWG Holdings

Bill Burks of Centaurus Financial Named in GWG Customer Disputes

Flower Mounds-based Centaurus Financial advisor William Charles Burks, also known as Bill Burks II, has been named in several customer disputes. Many are associated with risky investments such as GWG L Bonds. Financial advisors are required to disclose all risks to investors and may be held responsible if they fail to do so. Several cases

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Ameriprise Advisor Paul Demark SUSPENDED

Clinton Township, Michigan, based Ameriprise Financial Services broker Paul Demark received a two-month suspension in addition to a $7,500 fine at the hands of the financial Industry Regulatory Authority (FINRA). According to the letter of settlement, the FINRA action was initiated on the basis of the U5 filing. Record of Paul C. Demark DeMark is

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Patrick Egan, Western International Securities (WIS), Suspended By CFP Board

Patrick Egan, a Western International Securities (WIS) certified financial planner (CFP), has been suspended by The Certified Financial Planner Board of Standards Inc., the professional body for personal financial planners in the U.S. the two key responsibilities of which are administering the CFP certification and setting standards for financial planning. Action against Patric Egan It

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