Co-Diagnostics, Inc. (CODX), a publicly-traded diagnostics company headquartered in Salt Lake City, Utah, is the subject of a class action lawsuit that seeks to recover damages for investors. The complaint for the class action alleges that Co-Diagnostics made misstatements about their COVID-19 diagnostic test to inflate the company’s stock price…
Securities Arbitration Lawyers Blog
Masood Azad, Barred First Allied Securities Broker, Accused Of Selling Away
Masood Azad (Masood Husain Azad, CRD# 4798445) is a barred broker last registered with First Allied Securities, Inc. (CRD# 32444) in League City, Texas. He was previously registered with Voya Financial Advisors, Inc. (CRD# 2882). He had been in the industry since 2004. Masood Azad Disclosures Masood Azad has 5…
James Daughtry, Barred Kestra Investment Services Broker, Subject Of 2 Disclosures
James Daughtry (James Blake Daughtry, CRD# 3272282) is a currently-barred broker who last worked for Kestra Investment Services, LLC in Dothan, Alabama. Before joining Kestra in 2015, Daughtry worked for Ameriprise Financial Services, Securities America, Sterne Agee Financial Services, Wachovia Securities, Southtrust Securities, and Liberty Securities Corporation. He had been…
Did Your Stockbroker Churn Your Account?
One of the most common claims from unhappy investors is against stockbrokers who churn or excessively trade their account to generate commissions for themselves. Every dollar spent on fees, costs, or commissions is money that needs to be recovered through profit just for the investor to break even. The higher…
South Florida Legal Guide Names Silver Law Group A Top Securities Fraud Law Firm
Silver Law Group has been named a “Top Law Firm” in the 2020 edition the South Florida Legal Guide (SFLG), a leading guide to the best attorneys and law firms in the region. Scott Silver, Silver Law Group’s managing partner, was also individually named as a “Top Lawyer”. The lawyers…
SagePoint Ordered By FINRA To Pay $1.6 Million For Alleged Unit Investment Trust (UIT) Violations
DID YOUR SAGEPOINT ADVISOR SELL YOU UITs? SagePoint Financial has been ordered by the Financial Industry Regulatory Authority (FINRA) to pay $1.3 million in restitution to customers for alleged failings related to unit investment trusts (UITs). SagePoint was also ordered by FINRA to pay $300,000 for supervisory violations related to…
FINRA Suspends Stockbrokers For Failing To Comply With Award Or Settlement May 2020
According to FINRA Disciplinary actions for May 2020, 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 Thomas Bock Mutual Securities, Inc. Securities America, Inc. Richard Brown Arive…
FINRA Bars Stockbrokers For Failing To Provide Information May 2020
According to FINRA Disciplinary actions for May 2020, 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 George Belesis…
FINRA Suspends Registered Individuals for Violations of FINRA Rules May 2020
According to FINRA Disciplinary actions for May 2020, 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…
Steepener Note Investors Suffer Due To Low Or Inverted Interest Rate Environment
Investors whose brokers or financial advisors recommended that they invest in Steepener Notes (a/k/a “Steepeners”) may have incurred losses due to the risky and complex nature of these products. Steepeners, which are tied to U.S. treasury interest rates, have left investors stuck in illiquid investments while receiving little to none…