Investment Lawsuit

Medley Management Fined $10M and given Cease and Desist

Brook Taube and Seth Taube, former co-chief executive officers of Medley Management, are currently facing charges brought against them by the Securities and Exchange Commission (SEC). These charges allege that they deliberately created an “illusion” of future growth by making misleading statements to investors and clients. The SEC has taken action to hold them accountable […]

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UBS Yield Enhancement Strategy Lawsuit "FINRA": Jose Cornide Complaint

UBS Yield Enhancement Strategy Update

The UBS Yield Enhancement Strategy was a complex scheme that was designed to earn more yield when interest rates were low and markets were flat. It involved investing in options on the S&P 500 index, also known as the iron condor. Despite its complexity, the strategy was wildly successful, and even some investors have benefited

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How to Sell Non Traded REITs

Income investing using real estate has become some of the most popular methods for income over time, but there are plenty of questions and confusing specifics surrounding various types of investment approaches. Non-Traded Real Investment Trusts (REITs) are amongst the most perplexing variants, as they differ drastically from most other investment types. So, how can

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Center Street Securities Sued By Retirees For Sale of GWG L Bonds

A retired Missouri couple has lodged a six-figure lawsuit versus Center Street Securities regarding losses incurred in GWG Holdings, Inc. (NASDAQ: GWGH). The plaintiffs had entrusted their money to the brokerage company because they were both inexperienced traders with health difficulties. However, Center Street Securities dealer Joe Latour, a licensed investment advisor of the Latour Financial Group, acting

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BD4RIA and Dempsey Lord Smith Fined by FINRA for GPB Capital Holdings Investments Sales

The count of broker-dealers found guilty of misselling private placements of GPB Capital Holdings continues to rise. BD4RIA Inc., and Dempsey Lord Smith, have been fined by the Financial Industry Regulatory Authority (FINRA) for the same. Actions covered by the ruling pertaining to the spring of 2018. FINRA held that the two broker-dealers were negligent

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