Investment fraud is far too common as many investors blame themselves for losses and don’t know they can recover their investment losses.
Selling away is a phrase used to describe the inappropriate practice of an investment professional (financial adviser or stockbroker) offering investments outside or away from the firm; implemented, the brokers sell those that his/her firm has approved for sale to the public. The investments are not on the employing firm’s approved investment product list, nor […]
Recently, Stifel, Nicolaus & Co., referred to as Stifel Financial, was fined $3.2 million by the Massachusetts state securities regulator for ignoring red flags about a broker, Joseph Crespi, who was allegedly engaged in “predatory sales practices” towards elderly investors. The regulator also censured the company for public and ordered it to pay restitution to
InvestmentFraudLawyers.com is now investigating complaints against former California broker and financial advisor Charles Henry Frieda. In December 2017, the Financial Industry Regulatory Authority permanently barred Mr. Frieda from associating with any FINRA member firm in any capacity. Mr. Frieda consented to the sanction after his customers at Wells Fargo Clearing Services, LLC (formerly Wells Fargo
Broker Fraud Investigation: Charles H. Frieda Read More »
Toronto-Dominion Bank (TD Bank), one of Canada’s largest financial institutions, agreed to pay a staggering $1.2 billion to settle a lawsuit related to its alleged involvement in one of the biggest Ponzi schemes ever orchestrated, led by the disgraced financier Allen Stanford. This agreement has sparked a wave of scrutiny over the bank’s corporate governance
TD Bank Resolves $1.2 Billion Lawsuit Tied to Allen Stanford’s Ponzi Scheme Read More »
In recent months, Blackstone Inc., a leading global alternative asset manager, has found itself under scrutiny following its decision to limit investor withdrawals from its $71 billion Real Estate Income Trust (BREIT). This controversial investment decision has sparked significant investor complaints and potentially impending lawsuits, bringing the firm’s business conduct into question. This comes at