Securities Arbitration Lawyers Blog

Kiromic BioPharma, Inc. (KRBP) is being investigated by Silver Law Group regarding possible violations of the federal securities laws. If you purchased shares of Kiromic BioPharma, Inc. (KRBP), contact Silver Law Group at (800) 975-4345 or at ssilver@silverlaw.com. Kiromic BioPharma is a “target discovery and gene-editing company” working on the…

FINRA recently sanctioned Aegis Capital (CRD# 15007) and issued a Letter of Acceptance, Waiver & Consent (AWC) following an investigation into the company’s business practices. This case originated from a customer arbitration complaint and a FINRA review of the firm. In its investigation, FINRA found that: From July 2014 through…

Johan Pereira (Johan Manuel Pereira CRD#: 6252881) is a former registered broker and investment advisor whose last known employment was with Wells Fargo Clearing Services, LLC (CRD#:19616) of Beverly, MA. His previous employers are Santander Securities LLC (CRD#:41791) of North Andover, MA, Citizens Securities, Inc. (CRD#:39550) of Wilmington, MA, and…

Jeremy Fortner (CRD# 4811478) is a former registered broker and investment advisor whose last known employer was Wells Fargo Clearing Services, LLC (CRD#:19616) of Beverly Hills, CA. His previous employers include J.P. Morgan Securities LLC (CRD#:79) of Sherman Oaks, CA, Chase Investment Services Corp. (CRD#:25574) of both Encino and Los…

Robert Foley (Robert Patrick Foley CRD# 6060234) is a broker and investment advisor whose last known employer was Wynston Hill Capital, LLC (CRD#:103811) of Red Bank, NJ. Previous employers include Maxim Group LLC (CRD#:120708) of New York, NY, Pruco Securities, LLC. (CRD#:5685) of Paramus, NJ, and Metlife Securities Inc. (CRD#:14251)…

Michael Lian (Michael Emile Lian CRD# 2639356) is a previously registered broker whose last known employer was National Securities Corporation (CRD#:7569) of Clearwater, FL. His previous employers include Aegis Capital Corp. (CRD#:15007), National Securities Corporation (CRD#:7569), and Newbridge Securities Corporation (CRD#:104065), all in Red Bank, NJ. He has been in…

Douglas Rosenberg and Adam Maggio, brokers who currently work for and previously worked for Joseph Stone Capital, respectively, have been suspended. Both have been accused of churning accounts by customers. Douglas Rosenberg Douglas Rosenberg (Douglas Jarrett Rosenberg CRD# 3214215) is a registered broker currently registered with Joseph Stone Capital L.L.C.…

Activist investment firm Blue Orca Capital recently published a report on Li-Cycle Holdings Corp. (LICY) (“Li-Cycle” or the “Company”) indicating that its financial standing isn’t as stable as the company’s press releases indicate. Blue Orca’s report describes the company as one that uses predictions as reported revenues, and that “Li-Cycle…

Northstar Financial Services (Bermuda) offered investment and annuity-type products to investors outside the United States.  The company was based in Bermuda and claimed to offer various benefits such as tax shelters that were not available to U.S.-based investors.  Northstar relied on a network of financial advisors and brokerage firms across…

Silver Law Group represents Northstar Financial Services (Bermuda) investors and has filed arbitration claims against brokerage firms that improperly sold Northstar products to investors. Silver Law Group’s clients allege that the selling firms pitched Northstar as a safe, conservative investment that was comparable to bank certificates of deposit (CDs), and…