Financial Advisor Fraud Archives – Page 435 Of 453

Widow To Get 1K From Robert Fehrman MSC-BD Over GPB Capital Private Placement Losses

Widow To Get $221K From Robert Fehrman MSC-BD Over GPB Capital Private Placement Losses

Robert Fehrman, a former MSC-BD broker, allegedly made unsuitable GPB Capital private placement recommendations. A widow was awarded $221,000 in compensatory damages, legal expenses, and other fees by a Financial Industry Regulatory Authority (FINRA) arbitration panel against brokerage firm MSC-BD, LLC for losses she incurred in GPB private placements. GPB Capital Holdings was indicted for […]

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Lynn Faust Raymond James Financial Advisor Barred!

As per the settlement letter recently finalized, Lynn Faust, a top South Carolina-based broker of Raymond James & Associates has been barred by the Financial Industry Regulatory Authority (FINRA) for three months, in addition to a fine of $5,000 being levied. The broker in question is Lynn Faust who attracted the censure for unsuitable Unit

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JP Morgan Dinu Tise Advisor Suspended and Fined

Working for a big firm on Wall Street may have fringe benefits, but being named as the beneficiary of $5 million in an elderly client’s will has not been known to be one. This ‘fringe benefit’ has been earned for Dinu Tise, a New Orleans-based private client advisor with JP Morgan Chase, a suspension for

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Robert Omohundro Complaints and Investigation

A customer complaint has been filed in 2021 against Robert Omohundro, currently a financial advisor with Alexander Capital. He was earlier associated with Centaurus Financial from March 2015 to April 2020 and with J.P. Turner from 2007 till March of 2015 at which point he had moved to Centaurus. He has operated out of offices

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Triad Advisors Fined 0K Restitution and 5K For LJM Preservation and Growth Fund

Triad Advisors Fined $510K Restitution and $195K For LJM Preservation and Growth Fund

Failure to supervise its registered representatives has caused the Financial Industry Regulatory Authority (FINRA) to censure and a fine of $195K for Triad Advisors. The representatives in question had recommended the LJM Preservation and Growth Fund (LJM) to customers. According to FINRA, the required due diligence of the alternative mutual fund was not carried out

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