Franklin Square Energy and Power Fund’s Board Suspends Repurchase Program If you are someone who invested in Franklin Square Energy and Power Fund (FSEP), you have likely experienced losses. The non-traded business development company’s (BDC) board recently announced that it was suspending its repurchase program and its share price has…
Investment Advisor Allegedly Defrauded Senior Investors to Fund Lavish Lifestyle The US Securities and Exchange Commission (SEC) has filed charges against Mark Joseph Boucher, a California-based investment adviser, and his firm, Strategic Wealth Advisor Group Services. Boucher and Strategic Wealth Advisor Group are accused of stealing $2.2M from older customers,…
Barish Earned Over $400K in Commissions from Excessive Trading Strategy The US Securities and Exchange Commission (SEC) has filed civil charges against Ross Adam Barish, a Joseph Stone Capital registered representative. The regulator contends that Barish engaged in an unsuitable in-and-out trading strategy in customers’ accounts without doing the necessary…
The Latest Customer Claim Accuses Investment Advisor of Excessive Trading Once again, an investor is blaming former Morgan Stanley stockbroker, Michael Frank Paesano, for their investment losses. These latest allegations involve excessive trading. Although Paesano is no longer a registered broker, he is still a registered investment advisor and he…
Pending Customer Complaints Seek $250K and $1M, Respectively If you or someone you love lost money while working with stockbroker Walter Roland Valenzuela, our investor attorneys want to speak with you. Valenzuela, who became a Kestra Investment Services broker this year, has been the subject of 10 customer complaints during…
Legal Recourse for Denver, Colorado Investors Who’ve Suffered Contract Violations If you are an investor whose broker or brokerage firm breached your agreement, causing you financial losses, you may have grounds for filing a Financial Industry Regulatory Authority (FINRA) arbitration claim for damages. At Shepherd Smith Edwards and Kantas (SSEK…
Breach of Fiduciary Duty Involving Retirement Fund Alleged Stephen Fergus Curry, a longtime Kestra Advisory Services registered representative, is named in a nearly $7.8M Financial Industry Regulatory Authority (FINRA) complaint accusing him of breach of fiduciary duty over services performed related to a retirement fund. Curry has been with Kestra…
Morrow Allegedly Made Unsuitable Recommendations Involving Alternative Investments In what is at least the thirteenth customer complaint naming him, Concorde Investment Services broker William Aubrey Morrow is once more accused of making unsuitable investment recommendations to an investor. Morrow, who also operates under the name Financial Designs, LTD, has been…
Guggenheim Defined Portfolio Trust is Too Risky for Many Retail Investors If you suffered losses after investing in the Guggenheim Defined Portfolio’s BDC Scorecard Portfolio Series 18 (CBDRX), our broker negligence and investment fraud attorneys at Shepherd Smith Edwards and Kantas would like to talk to you. Unfortunately, this investment…
FINRA Bars Former Registered Representative Following Probe Into Accusations Bryant Edwin Caveness, an ex-Ameriprise Financial Services stockbroker, has been barred by the Financial Industry Regulatory Authority (FINRA) after he stopped cooperating in the self-regulatory organization (SRO)’s probe into his firing by the firm. According to his Form U5 termination letter,…