Articles Posted in FINRA Arbitration

Did you purchase GWG Holdings’ L-Bonds through your broker at Dempsey Lord Smith before they declared bankruptcy in April of 2022? If so, you may realize that recovery of your principal is in jeopardy, and you may not recover anything. Silver Law Group may be able to help you recover…

In November, 2023, Silver Law Group, achieved one of the earliest significant victories for a GWG L-Bonds investor against a brokerage firm. Since then, Silver Law Group has continued to help L-Bonds investors recover their losses. Following the collapse of GWG Holdings, investors holding illiquid L-Bonds find themselves with significant…

Silver Law Group successfully represented the plaintiffs in a FINRA arbitration claim to recover losses from GWG L-Bonds investments. The claim alleged that Boston-based broker-dealer Ages Financial Services did not fully inform the investors of the risks of the L-Bonds. A panel of arbitrators awarded our clients $246,000. In their…

Silver Law Group is investigating investor claims involving Stifel, Nicolaus & Company broker Chuck Roberts, who is currently the subject of sixteen investor complaints relating to mishandling of investors’ portfolios. Roberts, a Stifel, Nicolaus & Company broker since 2016, catered primarily to clients in Miami, Florida and New York, New…

According to FINRA Disciplinary actions for June 2024, the following individuals were suspended from FINRA for failing to comply with a FINRA arbitration award or settlement agreement pursuant to FINRA rules: NAME FORMER EMPLOYERS   Gerald Cocuzzo   Newbridge Securities Corporation   IAA Financial LLC   Kevin Hobbs   PFS…

Michael Archimede (CRD# 5701306) is a former registered broker and investment advisor previously employed with PFS Investments Inc. (CRD# 10111) of Waukesha, WI  He has been in the industry since 2010. On 11/9/2023, a customer filed a dispute alleging that Archimede borrowed money and failed to repay the loan, requesting…

Silver Law Group’s founder, attorney Scott Silver, recently spoke with Investment News about two brokers who filed for bankruptcy after a FINRA arbitration awarded money to one of their former clients. “Another schlocky broker-dealer gets hit with an arbitration award and the owner and everyone else declare bankruptcy,” Mr. Silver…

The Rosenau Family Research Foundation, a nonprofit that funds medical research, has alleged that Principal Securities engaged in misuse of variable annuities, as well as churning and selling away while handling the Foundation’s investments. In an interview with Investment News, Silver Law Group’s managing partner Scott Silver stated, “There’s a…

In an article in Investment News, Silver Law Group founder Scott Silver weighed in on a FINRA arbitration action involving a broker-dealer and financial advisor who sold a client GWG Holdings’ illiquid L-Bonds. “The arbitrators in these FINRA claims over the past decade have been seeing cases around product suitability…

According to FINRA Disciplinary actions for March 2024, the following individuals were suspended from FINRA and cannot currently work for a FINRA brokerage firm for failing to provide FINRA with information it requested or to keep information current with FINRA pursuant to FINRA rules. However, these individuals remain bound by…