Investment fraud is far too common as many investors blame themselves for losses and don’t know they can recover their investment losses.
We often hear the term “fiduciary,” but what does it really mean? A fiduciary takes care of money or property for someone else and must always put that person’s best interest first. This role comes with a big promise to act with care, avoid conflicts of interest, keep things separate, and record everything accurately. People […]
What Is A Fiduciary? Understanding Roles, Responsibilities, And Importance Read More »
Baird has agreed to pay over $650,000 for regulatory violations that affected hundreds of investors. The financial firm must pay a $100,000 penalty for breaking Regulation Best Interest and FINRA rules. We found that more than 400 brokerage customers were moved into advisory accounts and charged extra fees they didn’t need. These customers already had
Baird To Pay More Than $650K Over Unnecessary Fees Read More »
We want to share important news about Brent Schmidt, a financial advisor from Delano, Minnesota. Schmidt worked with Cetera Advisor Networks under Harvest Financial Services until recent events changed his career path. FINRA, the financial industry watchdog, suspended Schmidt for allowing his business partner to fake customer signatures on 53 account documents. This serious violation
Cetera Advisor Brent Schmidt Suspended! Read More »
A Brooklyn federal judge struck down GPB Capital executives’ plea for a new trial on March 11, 2025. David Gentile and Jeff Schneider faced the court’s firm rejection after their conviction in a $1.8 billion Ponzi scheme fraud case. The seven-week trial revealed clear proof of the executives’ misuse of investor funds through fake distribution
Brooklyn Judge Rejects GPB Capital Execs’ Request For New Trial Read More »
GPB Capital Holdings spent $75 million on legal fees defending top executives David Gentile and Jeff Schneider after their fraud and conspiracy convictions in 2024. These hefty expenses have had a major impact on investors, slashing potential returns that were already at risk. GPB, founded in 2013, raised $1.8 billion by promoting high-risk investments in
GPB Capital Controversy: $75M Paid In Legal Fees For Convicted Executives Read More »