Securities Arbitration Lawyers Blog

Outside business activities involving elderly clients cost him his career As of April 2017, Timothy David Ballard is no longer allowed to act as a broker or have anything to do with firms that sell securities to the public. It was then that he was permanently barred by the Financial…

A Long Island-based cold-calling scam allegedly stole more than $10 million from clients The Securities and Exchange Commission (SEC) recently brought charges against 13 defendants who allegedly operated two cold-calling investment scams in Long Island, NY. According to the complaint, the companies involved defrauded investors out of more than $10…

A new study from Allianz Life Insurance Company of North America offers tips on how to protect yourself and your loved ones against financial abuse Elder financial abuse affects not only the elderly victims, but those who care them as well. According to a recent study by Allianz Life Insurance…

The former Connecticut broker allegedly stole over $1 million from elderly clients On August 31, Leon Vaccarelli and Lux Financial Services were charged by the Securities and Exchange Commission (SEC) with defrauding at least nine clients, several of which were elderly. According to the SEC, Vaccarelli told the clients that…

Often, it’s family members taking advantage of the elderly and their finances It’s “eyes wide open” when it comes to elder financial fraud. While we may think that those who prey upon the elderly are professional criminals scheming ways to take advantage of people, the sad truth is that often,…

Silver Law Group is investigating former Melbourne, FL-Morgan Stanley (CRD#149777) broker Anthony J. Verzi (CRD# 1186572) after FINRA permanently barred Verzi for refusing to appear for an on the record testimony related to an investigation into unsuitable trading. According to Verzi’s FINRA BrokerCheck report, a customer filed a FINRA arbitration…

Silver Law Group is analyzing claims of unauthorized trading and unsuitable investments by former Delray Beach, Florida based Cetera Advisors LLC (CRD#10299) broker Christopher R. Hickman (CRD# 3267599).  The complaints allege that Hickman recommended unsuitable trades and investments and carried out unauthorized trades over the course of many years. According…

Silver Law Group is investigating former Memphis, Tennessee-based Wunderlich Securities Inc. (CRD#2543) broker David K. Mallett (CRD#5145838) over allegations that Mallett excessively traded customers’ accounts and made unsuitable recommendations. According to Mallett’s FINRA BrokerCheck report, a customer filed a complaint in October of 2016 against Mallett alleging churning in the customer’s…

Silver Law Group is investigating former Texas-based IMS Securities, INC (CRD#35567) broker Jackie D Wadsworth (CRD#2342163 ) for five pending FINRA arbitrations and a litany of disclosures on her FINRA BrokerCheck report. According to Wadworths’s FINRA BrokerCheck report, she has five pending FINRA arbitrations filed in the past that allege…

Learn about the new initiatives – and tech – that can keep you and your loved ones protected Elder fraud is in the news a lot, but something is finally being done to help combat this growing problem. Many banks and brokerage firms are now beginning to take measures to…