Securities Arbitration Lawyers Blog

As discussed in last week’s Silver Law Group blog, Cobalt International and Seadrill Limited, two oil and gas publicly traded companies, are now defendants in class action lawsuits.  The separate, but similar, suits allege that investors lost significant sums of money by relying on misleading information and SEC filings from…

Oppenheimer and Co. is an investment bank and full-service investment firm offering financial advisory services, capital market services, wealth management, investment banking, and related products and services worldwide.  In late January, the Securities and Exchange Commission (SEC) charged Oppenheimer and Co. with violating federal securities laws by improperly selling penny…

The Office of the Attorney General of the State of Florida has filed a series of complaints alleging that four South Florida companies — (1) ASAP Tech Help LLP, (2) E-Racer Tech LLC, (3) Protech Support LLC d/b/a Rapid Tech Support, and (4) Techfix USA LLC d/b/a Smart Support and…

The recent and sharp decline of oil prices has been the source of joy for consumers at the gas pump.  Unfortunately, many investors have been experiencing the opposite emotions as the price of many oil and gas related stocks have plummeted.  Two of these companies are Cobalt International Energy, Inc.…

Anthony Fisher was a financial advisor with Morgan Stanley from 2003 through April 2009.  He subsequently worked at Stifel, Nicolaus and Company.  Mr. Fisher was suspended by FINRA in November 2014 for failing to pay an arbitration award.  However, over the last decade, Mr. Fisher’s employers have been the subject…

Mark Foster, of Pasadena, California, was barred from association with any FINRA member in any capacity. Foster worked for Stern Fisher Edwards, Inc. until May 2012.  The sanction was based on findings that Foster failed to respond to requests from FINRA for information and documents and to appear and provide…

Ismail Elmas, of Virginia, submitted an AWC in which he was barred from association with any FINRA member in any capacity. Elmas was registered with CUNA Brokerage Services, Inc. from 2007 through 2013.  He subsequently worked for CUSO Financial Services, L.P. until August 2014.  Without admitting or denying the findings,…

SunTrust Investment Services, Inc. submitted an AWC in which the firm was censured and fined $80,000. SunTrust consented to the sanctions, without admitting liability, and to the entry of findings that it failed to establish a supervisory system reasonably designed to monitor the proper assessment of fees charged to certain…

Phillip John Bucaro submitted a FINRA AWC in which he was fined $7,500 and suspended from association with any FINRA member in any capacity for four months. Bucaro has been registered with The Leaders Group, Inc. since August 2012.  Without admitting or denying the findings, Bucaro consented to the FINRA…

Thomas Neil Charbonneau, of Minnesota, submitted a FINRA AWC in which he was barred from association with any FINRA member in any capacity.  Charbonneau was registered with Feltl and Company from March 2005 through October 2010.  Charbonneau then joined Berthel Fisher & Company.  Without admitting or denying the findings, Charbonneau…