Securities Arbitration Lawyers Blog

Broker James Michael Johnson faces a two-year suspension and $50,000 fine for negligent misrepresentations and omissions. In November 2015, James Michael Johnson agreed to FINRA sanctions and the entry of findings that he made negligent misrepresentations and omissions regarding securities investments to customers of his member firm without the firm’s…

Nevada financial broker permanently barred from all FINRA activity after taking advantage of elderly clients Henderson, NV broker Glenn Moffitt was permanently barred from all FINRA activity for allegedly misappropriating funds from elderly clients between 2011-2014.  According to his FINRA report, Moffitt is accused of misappropriating at least $370,000 and…

Silver Law Group is investigating allegations made by the Financial Industry Regulatory Authority (“FINRA”) against former Hollywood, Florida broker Daniel G. Kasbar (CRD# 5869994). FINRA barred Kasbar from the securities industry for failing to respond to FINRA’s requests for documents and information. FINRA was investigating Kasbar for allegedly engaging in…

Silver Law Group is investigating claims related to West Palm Beach, Florida broker Paul V. Blum (CRD # 735003). We have recently been retained to pursue a securities arbitration claim against RBC Capital Markets, LLC (“RBC”), Blum’s former brokerage firm, alleging, amongst other issues, that RBC and Blum engaged in…

New York broker Alain Florestan faces allegations of misconduct and unsuitable trading. After 16 years in the securities industry, New York financial broker Alain Florestan is no longer registered to act as a financial advisor or representative in the securities industry. During his career, Florestan experienced 10 disclosure events reported…

Ineffective supervision leads to FINRA suspension of financial services provider Roman T. Luckey, formerly registered with Newport Coast Securities Inc., was fined $15,000 and also suspended for 14 months by the Financial Industry Regulatory Authority (FINRA) in August 2015 for failure to appropriately supervise his staff, who were taking advantage…

The Securities and Exchange Commission announced fraud charges against a Manhattan-based lending company and its placement agent for falsely stating that its financial statements were being audited and lying about the returns on the loans. The SEC filed a complaint in federal district court in Manhattan against lending company American…

Silver Law Group is currently investigating possible securities law violations and breaches of fiduciary duties against Ivy Asset Strategy Fund (WASAX)  and Waddell & Reed Asset Strategy Fund (UNASX), both wholly-owned subsidiaries of Waddell & Reed Financial, Inc. (NYSE: WDR). On May 15, 2014, Ryan C. Caldwell, a co-portfolio manager…

Key Information to know before you get started. While the potential gains associated with securities trading in a margin account may be substantial, so can the potential losses. This is critical for investors to understand, along with the facts and risks associated with this type of trading. Simply put, a…

Silver Law Group represents investors in securities and investment fraud cases and has been retained to represent investors who have suffered losses in the energy markets, including investors who were solicited to purchase investments in oil, gas and energy, stocks, bonds, Master Limited Partnerships (“MLPs”) and funds. Many energy investments…