Japanese Couple Files FINRA Arbitration Case for Up to $500K in Damages Two older investors from Japan have filed a Financial Industry Regulatory Authority (FINRA) arbitration claim against Bankoh Investment Services and its broker Yoko K. Farias in Honolulu, Hawaii, over Northstar Financial Services (Bermuda) losses. This offshore entity is…
Independent Broker-Dealer Had Partnered With Emerson Equity to Sell Risky Junk Bonds Our experienced GWG Holdings L Bonds attorneys represent another investor in Financial Industry Regulatory Authority (FINRA) arbitration against Centaurus Financial. The claimant is a Houston retiree who entrusted his assets to the firm. Now, he is seeking up…
Ex-Centaurus Financial Broker May Have Unsuitably Sold Risky Junk Bonds to Elderly Investors Our GWG Holdings L Bond lawyers are looking into claims of L Bond losses by former customers of Mark John Williams, an ex-Centaurus Financial broker. Williams is currently a Kingswood Capital Partners stockbroker and Financial Gravity Family…
Cetera Investment Services Broker Chang Vung Named in Six-Figure Non-Traded REIT Claim A self-employed New York investor has filed a Financial Industry Regulatory Authority (FINRA) arbitration claim against Cetera Investment Services and its broker Chang Jen Vung. The claimant sustained losses in non-traded real estate investment trusts. The claimant is…
Elderly Couple is Seeking Up to $500K Plus Interest and Costs Against Centaurus Financial Two older investors, both retired and on disability, have filed a Financial Industry Regulatory Authority (FINRA) arbitration claim against brokerage firm Centaurus Financial over losses they sustained from purchasing GWG L Bonds. GWG Holdings, Inc., a…
Los Angeles-Based Financial Advisor Allegedly Targeted Customers of Iranian Heritage In an earlier GWG L Bond blog post, our securities attorneys reported we were looking into whether customers of Emerson Equity broker Tony Barouti had suffered losses in these high-yield bonds. In March 2022, investors filed two investor claims seeking…
Berthel Fisher & Co Accused of Supervisory and Compliance Issues Involving a Customer The Financial Industry Regulatory Authority (FINRA) announced that Berthel Fisher & Co. had been ordered to pay a $100K fine. This fine concerns shortcomings related to compliance involving options trades in a customer’s account. The firm is…
Calton & Associates Financial Advisor Accused of Unsuitability and Misrepresentations Paul William Murphy, currently a Calton & Associates registered representative, is named in two pending customer disputes where the claimants are seeking over $589K. These latest allegations appear to stem from when Murphy was a Newport Coast Asset Management and…
Ex-Wells Fargo Broker Jeremy Fortner Allegedly Borrowed Money From Clients Our broker misconduct lawyers investigate claims of losses involving former customers of ex-Wells Fargo Advisors registered representative Jeremy Fortner. The broker-dealer fired him in August 2021 in the wake of allegations that he inappropriately borrowed funds. In November 2021, with…
Despite Misgivings, Court Approves $10M Financing for Troubled GWG Holdings One day after GWG Holdings filed for Chapter 11 bankruptcy protection, Judge Marvin Isgur of the US Bankruptcy Court in Houston approved $10M in financing for the asset manager despite his concerns regarding the mechanics of the loan. The emergency…