News Report 1/8/18

  1. Jeffrey Wilson, a financial consultant registered with Wells Fargo Clearing Services in Las Cruces, New Mexico, appears to be the subject of one or more customer complaints related to oil and gas investments including energy stocks, master limited partnerships (MLPs) and other investment issues. See FINRA brokercheck. If you are an investor who suffered losses with Wilson or Wells Fargo, relating to any oil and gas investments, energy stocks, MLPs or other energy industry investments and/or the handling of your investment portfolio please call the Investment Loss Recovery Team at 1-800-856-3352 for a no-cost consultation and review, handling cases nationwide.
  2. Kenneth Savino, a former financial consultant with FSC Securities in East Hartford, Connecticut (and previously with LPL Financial) was discharged in late 2015 from LPL Financial. It is believed that LPL Financial terminated Savino for alleged issues relating to private securities transactions. More recently, it appears that FINRA regulators alleged issues related to the accuracy of an annual compliance questionnaire and related issues. See FINRA brokercheck. If you are an investor who suffered losses with Savino, LPL Financial, or FSC Securities or if you have other issues or questions related to the handling of your investment portfolio please call the Investment Loss Recovery Team at 1-800-856-3352 for a no-cost consultation and review, handling cases nationwide.
  3. David Faline, a financial consultant most recently registered with Allstate Financial Services in Saint Augustine, Florida, and previously registered with Newbridge Securities Corporation in Boca Raton, Florida, appears to be the subject of one or more customer complaints alleging unsuitable recommendations, breach of fiduciary duty and other investment-related issues. See FINRA brokercheck. If you are an investor who suffered losses with Faline, Allstate Financial, or Newbridge Securities, relating to any unsuitable investment recommendations and/or the handling of your investment portfolio please call the Investment Loss Recovery Team at 1-800-856-3352 for a no-cost consultation and review, handling cases nationwide.
  4. Clifford Vatter, a financial consultant most recently registered with Raymond James & Associates in Louisville, Kentucky, appears to be the subject of one or more customer complaints alleging unsuitable recommendations, breach of fiduciary duty, unauthorized trading, and other investment-related issues. See FINRA brokercheck. If you are an investor who suffered losses with Vatter, or Raymond James relating to any unsuitable investment recommendations, unauthorized trading and/or the handling of your investment portfolio please call the Investment Loss Recovery Team at 1-800-856-3352 for a no-cost consultation and review, handling cases nationwide.
  5. For some investors holding non-traded real estate investment trusts (REITs) with American Realty Capital, there could be a significant price decline in the value of the investments. The American Realty Capital New York City REIT (ARC New York REIT), a non-traded real estate investment trust that was seeking to provide current income and capital appreciation through strategic investments in high quality commercial real estate in five boroughs of New York City may have experienced a price decline which is estimated to have dropped from $25.00 to now $11.02. If you are an investor who suffered losses with non-traded REITs, American Realty Capital, and/or the handling of your investment portfolio please call the Investment Loss Recovery Team at 1-800-856-3352 for a no-cost consultation and review, handling cases nationwide.
  6. The Ohio Division of Securities has released an Investor Alert noting that investors in Ohio have been ripped off by common scams including:
    • Affinity Fraud
    • Unregistered Products/Unlicensed Sales Representatives
    • Ponzi Schemes
    • Pyramid Investments
    • Promissory Notes
    • Investment Seminars
    • Oil & Gas Wells
    • Real Estate and non-traded REITs

    If you are an investor who suffered losses due to any type of fraud or scam listed above and/or the handling of your investment portfolio please call the Investment Loss Recovery Team at 1-800-856-3352 for a no-cost consultation and review, handling cases nationwide.

  7. Elaine LaCerte (also known as Elaine Diones and/or Elaine Diones Helzer), a financial consultant most recently registered with Morgan Stanley in Colorado Springs, Colorado, appears to be the subject of one or more customer complaints alleging unsuitable investment recommendations and other investment-related issues. In addition, it appears there were FINRA regulatory allegations pending and an industry suspension may have taken place in August 2017 based on allegations related to short-term trading issues in unit investment trust investments (UITs). See FINRA brokercheck. If you are an investor who suffered losses with LaCerte, or Morgan Stanley relating to any unsuitable investment recommendations, UIT trades and/or the handling of your investment portfolio please call the Investment Loss Recovery Team at 1-800-856-3352 for a no-cost consultation and review, handling cases nationwide.
  8. Teryl Trenchard, a financial consultant most recently registered with Capitol Securities Management in Reston, Virginia, appears to be the subject of one or more customer complaints alleging unsuitable recommendations, breach of fiduciary duty, and other investment-related issues. In addition, it is believed that FINRA has been investigating Trenchards activities since March 2017. See FINRA brokercheck. If you are an investor who suffered losses with Trenchard, or Capitol Securities Management relating to any unsuitable investment recommendations, breaches of duties owed and/or the handling of your investment portfolio please call the Investment Loss Recovery Team at 1-800-856-3352 for a no-cost consultation and review, handling cases nationwide.

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