A National Securities Arbitration & Investment Fraud Law Firm
Registered Investment Advisor McDermott Investment Advisors (MIA) and its founder Dean Patrick McDermott are the subject of a lawsuit filed by the Securities and Exchange Commission (SEC) for allegedly “double dipping” on fees by investing clients in securities that paid fees to an affiliated broker-dealer, rather than a cheaper alternative.…
The Massachusetts Securities Division has charged Cape Cod investment advisor Francis Weller, Jr. (CRD#: 4852071) and his company, Weller Asset Management, with violating their fiduciary duty to act in their clients’ best interest and failing to disclose conflicts of interest. Weller and his company had an arrangement since 2009 with…
The Securities Industry and Financial Markets Association has stated that in 2019, it plans to keep pressure on state officials who consider following Nevada in imposing a higher standard of care on broker-dealers. Leaders of the organization said that after praising a federal proposal that has been in the making…