Securities Arbitration Lawyers Blog

According to FINRA Disciplinary actions for July 2017, 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   Thomas Michael DiLello, Jr.   LPL Financial LLC   Atlantic Capital Advisors   Niaz Elmazi…

According to FINRA Disciplinary actions for July 2017, 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   Ricardo Alonzo,…

The organization may have violated the anti-fraud provisions of federal securities laws after raising $1 billion from investors Since November of 2016, the Securities and Exchange Commission (SEC) has been looking into the Woodbridge Group of Companies, based in Sherman Oaks, California. The real estate investment company – which owns…

Woodbridge Wealth promotes itself as a division of Woodbridge Group of Companies and advertises as a company with a focus on “wealth creation” claiming “Woodbridge Wealth is among the most innovative financial companies in the U.S.  From its base in Sherman Oaks, California, it helps countless clients realize strong returns…

Robert Shapiro, president and CEO of Woodbridge Group of Companies (“Woodbridge”), has reportedly refused to answer questions from the Securities and Exchange Commission (“SEC”) relating to its investigation of Woodbridge’s business practices. In a letter to the SEC, filed in federal court papers, Mr. Shapiro’s lawyer writes, “Upon consideration of…

The SEC is investigating Woodbridge Group of Companies’ (“Woodbridge”) business practices. According to a recent SEC application and supporting papers filed in federal court in Miami, Florida, the SEC is investigating whether Woodbridge and others have violated or are violating the antifraud, broker-dealer, or securities registration provisions of the federal…

The two brokers are reported to have engaged in short-term trading that resulted in significant losses for their clients Two brokers who worked for Windsor Street Capital, LP (also doing business as Meyers Associates, L.P.) are facing serious allegations. According to the Financial Industry Regulatory Authority (FINRA), Nas Adel Allan…

CEO and President of Woodbridge Group of Companies (“Woodbridge Group”) Robert Shapiro is allegedly invoking his Fifth Amendment right to remain silent after the SEC has made repeated requests for documents from him and Woodbridge Group. The SEC’s Subpoena for Documents Against Woodbridge Group The SEC first launched an investigation…

The New Jersey Bureau of Securities has levied a large fine against LPL Financial LLC, one of the largest independent broker-dealer in the United States. The $950,000 fine also requires LPL to donate $25,000 to the New Jersey state investor education fund. The Bureau of Securities imposed these judgments against…

Allegations of unauthorized trading surround Lyon’s discharge from member firm After 34 years in the securities industry, former Raymond James & Associates broker James Edward Lyons is no longer registered with the Financial Industry Regulatory Authority (FINRA). According to his FINRA BrokerCheck report, Raymond James & Associates discharged Lyons in…