A National Securities Arbitration & Investment Fraud Law Firm
Silver Law Group represents several investors who purchased GWG L Bonds through brokerage firm Newbridge Securities. Silver Law Group has filed securities arbitration claims on behalf of these clients seeking to recover investment losses caused by Newbridge’s recommendation to purchase L Bonds. Amongst other brokers at Newbridge recommending GWG L…
According to FINRA Disciplinary actions for May 2022, 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 Maria Acevedo…
According to FINRA Disciplinary actions for May 2022, 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. However, these individuals remain bound by…
According to FINRA Disciplinary actions for May 2022, 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 Kevin Harms Chelsea Financial Services Salomon Whitney Financial David Morris Stifel,…
According to Morgan Stanley, the “Pelican Bay Group” is an elite team of 20 Morgan Stanley financial advisors and additional staff that manage wealth for high net worth families. As of December 31, 2021, the Pelican Bay Group reportedly manages approximately $4 billion in assets. However, the Group has come…
In January 2022, FINRA, the organization that regulates and oversees Broker-Dealers and Wall Street brokers, received a securities arbitration claim regarding Anthony Gallea, a Managing Director and financial advisor at Morgan Stanley. In the complaint, a client alleged that Anthony Gallea misrepresented his options trading strategy, resulting in the client’s…
As a Securities and Exchange Commission report found, options trading is highly technical and involves holding stocks for short periods of time. Given the complexity of these deals, customers frequently depend on their brokers to make almost all of their trading decisions. Unscrupulous brokers know this, and they use their…
While some view “covered call” trading as one of the forms of options trading that have the least risk, the reality is that covered call options still come with some serious risk. A covered call strategy also requires extensive trading and allows brokers to change commissions or other fees making…
Silver Law Group’s managing partner Scott Silver has recently been awarded the designation of an America’s 100 High Stakes Litigator for the Southern Florida region. Every year, America’s Top 100 recognizes 100 attorneys in each state and highlighting their accomplishments. Using a proprietary selection methodology, along with specific criteria, the…
FINRA’s arbitration process has an increased focus after a recent court ruling found that the process wasn’t entirely as neutral as the agency claims. In February, two former Wells Fargo customers won a court decision against Wells Fargo that ruled the bank had been involved in subtle manipulation of FINRA’s…