Robert Louis Cirillo, 61, based in Chino Hills, formerly a stockbroker, has pleaded guilty to the deception of over a hundred victims and running an investment fraud scheme amounting to $3.2 million. This was recently revealed by the U.S. Department of Justice (DOJ) who, in a news release, also mentioned that the money he collected […]
Robert Cirillo Pleads Guilty to Investment Fraud Schemes Read More »
Recently many customers of Newbridge Securities Corp. have filed Financial Industry Regulatory Authority (FINRA) arbitration claims for recovery of investment losses against it and named several of its financial advisors in their claims. In all, over thirty regulatory cases have been filed against the firm. The settlements, fines and arbitration awards put together have already
Newbridge Securities Corp. Complaints Rise Due to GWG L Bonds Read More »
Three investment advisers, subsidiaries of Charles Schwab, have been hauled up by the Securities Exchange Commission (SEC). The reason provided is that they made “false and misleading statements” regarding the cash component in Schwab Intelligent Portfolios, its robo-adviser service. In addition, they allocated client funds in a manner that was demonstrated to be less profitable
An investor from Salt Lakes, Arizona, has filed a securities claim under the arbitration process made available by the Financial Industry Regulatory Authority (FINRA) for such disputes. The claim against Centaurus Financial is for losses incurred in investments in GWG L Bonds. The claimant seeks close to $500K in damages. Otto Ramon Bohon, earlier a
Centaurus Faces Another GWG L Bond Claim Read More »
Steven Graham, Thomas Swan, Nancy Cole, Patrick Egan, and Andy Gitipityapon, all registered representatives of Western International Securities (WIS), a registered broker-dealer, have been charged for their violation of Regulation Best Interest (Reg BI) by the Securities and Exchange Commission (SEC). The broker-dealer has also been charged. The charge relates to their recommendation and sales