FINRA Lawsuit Attorneys

When Bad Brokers Scam Investors

You May Be Able To File a FINRA Lawsuit For Damages

Two former financial advisors have been sentenced to prison for bilking investors. Ex-Edward Jones broker Ronald Molo, who allegedly defrauded clients of around $800K, is sentenced to two years in prison and must pay over $815K in disgorgement plus prejudgment interest. Former Morgan Stanley financial advisor Shawn Edward Good, who allegedly stole $7.2M from retirees and other investors in a decade-long Ponzi scam, must serve seven years and three months in prison and pay $3.6M in restitution to those he harmed. In addition to receiving criminal convictions, both were banned by securities regulators from the industry.