Securities Arbitration Lawyers Blog

Earlier this year, Silver Law Group wrote an article about the serious issues posed by Robinhood’s founder not being a registered FINRA member and published an Expert Analysis on law360.com addressing the same issue. FINRA is investigating Robinhood over its CEO, Vlad Tenev’s, failure to register as a broker with…

Trusts can be a significant part of your estate plan. Some investors may decide to transfer securities into a trust, or leave them as part of their estate to their beneficiaries. Assets that are transferred into a trust are taken out of the estate for the probate process. The expectation…

Most stockbrokers and other financial service representatives genuinely care about their clients. Unfortunately, there are some in the mix who see an elderly client as a target-rich environment, and the abuse frequently isn’t detected until it’s too late. They take advantage of a client who may not completely understand what’s…

You saved and invested, planning for your future, and your family. Finding a skilled broker and/or investment advisor helped you invest your money well, and your accounts look healthy. Until the day you discover that your funds aren’t actually invested, but gone. This has happened to a number of people,…

The SEC has issued an investor alert for people regarding fraudsters posing as brokers and investment advisors. We’ve previously discussed brokers and investment advisors and their different schemes for defrauding clients—especially long-term clients. But as the SEC warns, there’s more to it than that, and a tactic you may not…

According to FINRA Disciplinary actions for June 2021, 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 June 2021, 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   Gina Adly   MML Investors Services, LLC   NYLife Securities LLC   Patrick Carberry  …

According to FINRA Disciplinary actions for June 2021, 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   Nathaniel Eklund…

Dustin Shafer (Dustin Paul Shafer CRD# 34198962) is a former registered broker and investment advisor who was registered most recently with Newbridge Securities Corporation from 2019-2020, but spent the previous decade of his career with Money Concepts Capital Corp in Springfield, Illinois. Shafer worked in the brokerage industry since 2000.…

A growing trend in the brokerage industry is for financial advisers to offer their customers access to pre-IPO “deals”. Often, investors are promised “inside access” to invest in start-ups or even well-known companies before the initial public offerings (“IPOs”), but in reality investors are just investing in some sort of…