Articles Posted in Stockbroker Misconduct

Background Information Kalos Capital, Inc. (CRD #44337) is a registered broker-dealer based in Alpharetta, Georgia that is registered in all 50 states and Washington, D.C. Kalos has approximately 150 financial advisors and 60 independent offices. Kalos Capital has been registered with the SEC since 1998 and sells a variety of…

Silver Law Group is investigating the following UBS ETRACS ETNs (Exchange Traded Notes): MRRL, WTIU, MLPZ, HOML, SMHD, HDLV, BDCL, LBDC, LMLP, DVHL, and MORL. These ETNs have suffered significant losses as the market has declined due to the coronavirus. UBS created its ETRACS ETNs and may have marketed and…

As the coronavirus has caused the market to decline precipitously starting in February, 2020, many leveraged exchange-traded funds (ETFs), inverse ETFs, and exchange-traded notes (ETNs) have stopped trading, causing massive losses for investors. Leveraged ETFs, Inverse ETFs, and ETNs An exchange traded fund (ETF) is a security that tracks an…

According to FINRA Disciplinary actions for March 2020, the following individuals were barred 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: NAME FORMER EMPLOYERS   Michael Bressman…

According to FINRA Disciplinary actions for March 2020, 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: NAME FORMER EMPLOYERS   Barry Carson…

According to FINRA Disciplinary actions for March 2020, 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   Eric Abrahams   Burch & Company, Inc.   Stillwater Structured Finance, LLC   Ronny Acluche…

Silver Law Group has filed a FINRA dispute resolution claim against Wells Fargo and one of its brokers on behalf of a client who lost over $1,000,000 as a result of bad real estate investment advice he received from his broker. Silver Law Group has filed arbitration claims against Wells…

Christopher Tolmacs (CRD#: 4648724), a barred broker formerly with Triad Advisors, Inc. (CRD#: 25803) in Portage, MI, is the subject of 18 disclosures on his publicly available FINRA BrokerCheck report. Christopher Tolmacs has been in the industry since 2003. Before joining Triad Advisors in 2008, he previously worked for ING…

Silver Law Group has filed a FINRA arbitration claim against Kalos Capital, Inc. (CRD# 44337) regarding broker Eric Weschke (CRD# 3486324) and losses our client suffered by investing in GPB Capital Holdings. Eric Weschke has been in the industry since 1994, and works out of Setauket, New York. Before joining…

FINRA requested comments on its proposed rule to limit registered representatives from being “named as a customer’s beneficiary or holding a position of trust for or on behalf of a customer.” Silver Law Group, a nationally-recognized investor rights law firm, has submitted a comment letter to FINRA that states our…