Securities Arbitration Lawyers Blog

In April, 2021, Silver Law Group and the Law Firm of David Chase filed the first arbitration claims on behalf of investors who lost virtually their entire life savings in fixed and variable annuity insurance products sold by Northstar Financial Services (Bermuda). The offshore Northstar Bermuda is now in court-ordered…

Scott Silver was interviewed by The Palm Beach Post for an article about Seeman Holtz, a Boca Raton insurance company accused of swindling over 1,000 investors out of hundreds of millions of dollars with the sale of unregistered promissory notes. Seeman Holtz is alleged to be a Ponzi scheme, is…

Jimmie Summers (Jimmie Darrel Summers CRD#: 1467286, aka, Jim Summers, Jimmy Daryl Summers, Jimmy Summers) is a former registered broker and investment advisor. His last known employer was Waddell & Reed (CRD#:866) of Tulsa, OK. Previous employers include Cetera Investment Services LLC (CRD#:15340), also of Tulsa, Bok Financial Securities, Inc.…

Donatas Belys Vildzius (CRD#: 2202883) is a former broker and registered investment advisor whose last known employer was Network 1 Financial Securities Inc. (CRD#:13577) of Danbury, CT. His previous employers include Rockwell Global Capital LLC (CRD#:142485), also of Danbury, Source Capital Group, Inc. (CRD#:36719), of Westport, CT, and Wachovia Securities,…

Joseph Michaletz (CRD#: 1327534, aka “Joseph Gerard Michaeletz”, “Joseph Gerald Michaeletz” and “Joe Michaletz”) is a currently registered broker and investment advisor currently employed with Dai Securities of Mankato, MN. His previous employers include Concorde Investment Services, LLC (CRD#:151604), Triad Advisors, Inc. (CRD#:25803) and Transamerica Financial Advisors, Inc. (CRD#:3600), all…

According to FINRA Disciplinary actions for October 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   Matthew Berman…

According to FINRA Disciplinary actions for October 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   Brett Bauer   BrokerBank Securities, Inc.   CapitalQuest Securities, Inc.   Carmine Berardi   First…

According to FINRA Disciplinary actions for October 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…

Kenneth Welsh (Kenneth Andrews Welsh CRD:# 4657872) is a former registered broker and investment advisor whose last known employer was Wells Fargo Clearing Services, LLC (CRD#:19616) of Fairfield, New Jersey. Previously, he was employed with three divisions of Smith Barney (CRD#: 149777, 8209, and 7556), also of Fairfield. He has…

The SEC has found that two businesses that were alleged to invest in acquiring and leasing real estate to cannabis companies are frauds. The three defendants who used two crowdfunding websites to raise capital for the alleged real estate businesses are: Robert Samuel Shumake, Jr., of Bloomfield Hills, Michigan, the…