Investment fraud is far too common as many investors blame themselves for losses and don’t know they can recover their investment losses.
The number of customers of East West Bank who are claiming losses in the products of Northstar Financial Services (Bermuda) is rapidly rising. Many of these are Chinese nationals who seem to have invested in Northstar on the recommendation of their financial advisor, believing it to be a well-regulated US security. They ended up owning […]
According to the Securities and Exchange Commission (SEC), Ameritas failed to act in its advisory clients’ best interests when selecting mutual fund share classes and money market funds. The regulator has announced a settlement with another company over allegations of mutual fund share class selection infractions, among other things. The SEC has targeted Ameritas Advisory
Ameritas Agrees to Pay $4.6 Million Over Alleged Revenue Sharing Infringement Read More »
Valentine’s Day 2022, whatever else it may have brought, did bring to shareholders of GWG Holdings (GWG) a letter from the company disclosing its default on payments of $3.25 million in principal and $10.35 million in interest payments to investors of L Bonds. This information was shared by GWG after they had exhausted the 30-day
GWG Holdings Defaults on L Bonds | GWG Investment Loss Recovery Read More »
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
Lynn Faust Raymond James Financial Advisor Barred! Read More »
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
Triad Advisors Fined $510K Restitution and $195K For LJM Preservation and Growth Fund Read More »